Welcome!

News Feed Item

Alliance California Municipal Income Fund Releases Monthly Portfolio Update

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.

Top 10 Fixed-Income Holdings

Portfolio %



1) Los Angeles CA Wstwtr Sys     5.00%,  6/01/26     

4.57%

2) San Francisco City/Cnty CA Pub Util Wtr Series 2012C  5.00%, 11/01/26 

4.53%

3) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax)  5.00%, 7/01/25  

3.83%

4) California Pub Wks Brd (Univ Of California Lease)  Series 2011A  5.25%,  12/01/26

3.56%

5) Los Angeles CA Harbor Dept     5.00%,  8/01/26       

3.19%

6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca  Cra Grand Ctrl) AMBAC Series 02  5.375%, 12/01/26

3.14%

7) Puerto Rico Sales Tax Fin Corp.   Series 2011A   5.00%,  8/01/43

3.01%

8) Port of Oakland CA   Series 2012P  5.00%, 5/01/29

2.97%

9) Clovis CA USD GO   Series 2012A  5.00%, 8/01/28

2.55%

10) San Diego Cnty CA Regl Trnsp Commn   Series 2012A  5.00%,  4/01/28

2.52%

 

Sector/Industry Breakdown

Portfolio %



Revenue

     Water & Sewer                     

16.41%

     Electric Utility                       

8.09%

     Port                                        

6.16%

     Revenue - Miscellaneous               

4.08%

     Higher Education - Public              

3.56%

     Airport                         

2.64%

     Higher Education - Private               

2.39%

     Primary/Secondary Ed. - Private            

1.53%

     Health Care - Not-for-Profit              

1.33%

     Industrial Development - Utility            

0.19%

SUBTOTAL                       

46.38%

Tax Supported

     Special Tax                         

22.38%

      Local G.O.                         

10.27%

     Tax-Supported Local Lease            

3.46%

     State G.O.                            

2.13%

     Assessment District                  

2.02%

     Tax-Supported State Lease            

1.76%

SUBTOTAL                                

42.02%

Insured/Guaranteed

     Insured                                  

6.57%

SUBTOTAL                              

6.57%

Asset-Backed

     Housing - Multi-Family                 

2.73%

SUBTOTAL                                  

2.73%

Prerefunded/ETM                    

2.30%

Total                                 

100.00%

 

State Breakdown

Portfolio %



California                     

93.14%

Puerto Rico                       

4.57%

Nevada                           

1.05%

Guam                             

1.05%

Ohio                                   

0.19%

Total Investments                    

100.00%

 

Credit Quality Breakdown

Portfolio %



AAA                    

15.21%

AA                        

53.47%

A                            

20.31%

BBB                          

4.21%

BB                               

1.44%

Not Rated                     

3.06%

Pre-refunded Bonds           

2.30%

Total Investments            

100.00%

 

Portfolio Statistics:

     AMT Percentage:    

13.61%

     Average Coupon:       

5.42%

     Percentage of Leverage:

          Bank Borrowing:       

0.00%

          Investment Operations:    

0.29%

          Preferred Stock:           

35.36%

          Tender Option Bonds:      

4.12%

          Term Asset-Backed Loans Facility (TALF):       

0.00%

          Total Fund Leverage:            

39.77%*

     Average Effective Maturity:         

6.38 Years

     Effective Duration:               

5.64 Years

     Total Net Assets:                 

$205.20 Million**

     Common Stock Net Asset Value:          

$15.51

     Number of Holdings:                 

78

     Portfolio Turnover:                    

14%

* 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.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Artificial intelligence, machine learning, neural networks. We’re in the midst of a wave of excitement around AI such as hasn’t been seen for a few decades. But those previous periods of inflated expectations led to troughs of disappointment. Will this time be different? Most likely. Applications of AI such as predictive analytics are already decreasing costs and improving reliability of industrial machinery. Furthermore, the funding and research going into AI now comes from a wide range of com...
The financial services market is one of the most data-driven industries in the world, yet it’s bogged down by legacy CPU technologies that simply can’t keep up with the task of querying and visualizing billions of records. In his session at 20th Cloud Expo, Karthik Lalithraj, a Principal Solutions Architect at Kinetica, discussed how the advent of advanced in-database analytics on the GPU makes it possible to run sophisticated data science workloads on the same database that is housing the rich...
"When we talk about cloud without compromise what we're talking about is that when people think about 'I need the flexibility of the cloud' - it's the ability to create applications and run them in a cloud environment that's far more flexible,” explained Matthew Finnie, CTO of Interoute, in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
When growing capacity and power in the data center, the architectural trade-offs between server scale-up vs. scale-out continue to be debated. Both approaches are valid: scale-out adds multiple, smaller servers running in a distributed computing model, while scale-up adds fewer, more powerful servers that are capable of running larger workloads. It’s worth noting that there are additional, unique advantages that scale-up architectures offer. One big advantage is large memory and compute capacity...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
In his session at Cloud Expo, Alan Winters, an entertainment executive/TV producer turned serial entrepreneur, presented a success story of an entrepreneur who has both suffered through and benefited from offshore development across multiple businesses: The smart choice, or how to select the right offshore development partner Warning signs, or how to minimize chances of making the wrong choice Collaboration, or how to establish the most effective work processes Budget control, or how to ma...
Amazon started as an online bookseller 20 years ago. Since then, it has evolved into a technology juggernaut that has disrupted multiple markets and industries and touches many aspects of our lives. It is a relentless technology and business model innovator driving disruption throughout numerous ecosystems. Amazon’s AWS revenues alone are approaching $16B a year making it one of the largest IT companies in the world. With dominant offerings in Cloud, IoT, eCommerce, Big Data, AI, Digital Assista...
SYS-CON Events announced today that Cloud Academy named "Bronze Sponsor" of 21st International Cloud Expo which will take place October 31 - November 2, 2017 at the Santa Clara Convention Center in Santa Clara, CA. Cloud Academy is the industry’s most innovative, vendor-neutral cloud technology training platform. Cloud Academy provides continuous learning solutions for individuals and enterprise teams for Amazon Web Services, Microsoft Azure, Google Cloud Platform, and the most popular cloud com...
IoT solutions exploit operational data generated by Internet-connected smart “things” for the purpose of gaining operational insight and producing “better outcomes” (for example, create new business models, eliminate unscheduled maintenance, etc.). The explosive proliferation of IoT solutions will result in an exponential growth in the volume of IoT data, precipitating significant Information Governance issues: who owns the IoT data, what are the rights/duties of IoT solutions adopters towards t...
No hype cycles or predictions of zillions of things here. IoT is big. You get it. You know your business and have great ideas for a business transformation strategy. What comes next? Time to make it happen. In his session at @ThingsExpo, Jay Mason, Associate Partner at M&S Consulting, presented a step-by-step plan to develop your technology implementation strategy. He discussed the evaluation of communication standards and IoT messaging protocols, data analytics considerations, edge-to-cloud tec...
What's the role of an IT self-service portal when you get to continuous delivery and Infrastructure as Code? This general session showed how to create the continuous delivery culture and eight accelerators for leading the change. Don Demcsak is a DevOps and Cloud Native Modernization Principal for Dell EMC based out of New Jersey. He is a former, long time, Microsoft Most Valuable Professional, specializing in building and architecting Application Delivery Pipelines for hybrid legacy, and cloud ...
DevOps at Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to w...
With major technology companies and startups seriously embracing Cloud strategies, now is the perfect time to attend 21st Cloud Expo October 31 - November 2, 2017, at the Santa Clara Convention Center, CA, and June 12-14, 2018, at the Javits Center in New York City, NY, and learn what is going on, contribute to the discussions, and ensure that your enterprise is on the right path to Digital Transformation.
Both SaaS vendors and SaaS buyers are going “all-in” to hyperscale IaaS platforms such as AWS, which is disrupting the SaaS value proposition. Why should the enterprise SaaS consumer pay for the SaaS service if their data is resident in adjacent AWS S3 buckets? If both SaaS sellers and buyers are using the same cloud tools, automation and pay-per-transaction model offered by IaaS platforms, then why not host the “shrink-wrapped” software in the customers’ cloud? Further, serverless computing, cl...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.