| By PR Newswire |
Article Rating: |
|
| December 24, 2012 04:06 PM EST |
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210 |
NEW YORK, Dec. 24, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of November 30, 2012.
Alliance California Municipal Income Fund, Inc.
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Top 10 Fixed-Income Holdings
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Portfolio %
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1) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26
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4.57%
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2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C 5.00%, 11/01/26
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4.53%
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3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25
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3.83%
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4) California Pub Wks Brd (Univ Of California Lease) Series 2011A 5.25%, 12/01/26
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3.56%
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5) Los Angeles CA Harbor Dept 5.00%, 8/01/26
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3.19%
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6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26
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3.14%
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7) Puerto Rico Sales Tax Fin Corp. Series 2011A 5.00%, 8/01/43
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3.01%
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8) Port of Oakland CA Series 2012P 5.00%, 5/01/29
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2.97%
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9) Clovis CA USD GO Series 2012A 5.00%, 8/01/28
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2.55%
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10) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28
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2.52%
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Sector/Industry Breakdown
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Portfolio %
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Revenue
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Water & Sewer
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16.41%
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Electric Utility
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8.09%
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Port
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6.16%
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Revenue - Miscellaneous
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4.08%
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Higher Education - Public
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3.56%
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Airport
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2.64%
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Higher Education - Private
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2.39%
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Primary/Secondary Ed. - Private
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1.53%
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Health Care - Not-for-Profit
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1.33%
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Industrial Development - Utility
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0.19%
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SUBTOTAL
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46.38%
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Tax Supported
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Special Tax
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22.38%
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Local G.O.
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10.27%
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Tax-Supported Local Lease
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3.46%
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State G.O.
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2.13%
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Assessment District
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2.02%
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Tax-Supported State Lease
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1.76%
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SUBTOTAL
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42.02%
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Insured/Guaranteed
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Insured
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6.57%
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SUBTOTAL
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6.57%
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Asset-Backed
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Housing - Multi-Family
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2.73%
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SUBTOTAL
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2.73%
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Prerefunded/ETM
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2.30%
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Total
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100.00%
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State Breakdown
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Portfolio %
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California
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93.14%
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Puerto Rico
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4.57%
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Nevada
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1.05%
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Guam
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1.05%
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Ohio
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0.19%
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Total Investments
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100.00%
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Credit Quality Breakdown
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Portfolio %
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AAA
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15.21%
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AA
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53.47%
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A
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20.31%
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BBB
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4.21%
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BB
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1.44%
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Not Rated
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3.06%
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Pre-refunded Bonds
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2.30%
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Total Investments
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100.00%
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Portfolio Statistics:
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AMT Percentage:
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13.61%
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Average Coupon:
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5.42%
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Percentage of Leverage:
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Bank Borrowing:
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0.00%
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Investment Operations:
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0.29%
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Preferred Stock:
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35.36%
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Tender Option Bonds:
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4.12%
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Term Asset-Backed Loans Facility (TALF):
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0.00%
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Total Fund Leverage:
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39.77%*
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Average Effective Maturity:
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6.38 Years
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Effective Duration:
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5.64 Years
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Total Net Assets:
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$205.20 Million**
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Common Stock Net Asset Value:
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$15.51
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Number of Holdings:
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78
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Portfolio Turnover:
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14%
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* The total percentage of leverage constitutes 4.12% through the use of tender option bonds, 35.36% in issued and outstanding preferred stock and 0.29% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
** Includes 72,550,000 of preferred stock at liquidation value.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
SOURCE Alliance California Municipal Income Fund, Inc.
