PRN: Alliance California Municipal Income Fund Releases Monthly Portfolio Update

Alliance California Municipal Income Fund Releases Monthly Portfolio Update

[24-July-2012]
NEW YORK, July 24, 2012 /PRNewswire/ — Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the “Fund”) today released its monthly portfolio update as of June 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 4.34%
2) San Francisco CA Pub Util Wtr Series 2012C

5.00%, 11/01/26

4.25%
3) Los Angeles Cnty CA Met Trnsp Auth

(Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25

3.74%
4) Los Angeles CA GO Series 2012A 5.00%, 9/01/23 3.43%
5) California Pub Wks Brd (Univ Of California Lease)

Series 2011A 5.25%, 12/01/26

3.33%
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 Hwy & Trnsp Auth Series 02D 5.375%,

7/01/36 (Prerefunded/ETM)

3.05%
8) Los Angeles CA Harbor Dept 5.00%, 8/01/26 3.03%
9) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28 2.38%
10) Coast CA CCD GO AGM Series 06B 5.00%, 8/21/24 2.31%
Sector/Industry Breakdown
Portfolio %
Revenue
Water & Sewer 16.93%
Electric Utility 5.60%
Port 5.15%
Revenue – Miscellaneous 3.99%
Higher Education – Public 3.33%
Health Care – Not-for-Profit 3.23%
Higher Education – Private 2.78%
Airport 2.51%
Primary/Secondary Ed. – Private 1.49%
Industrial Development – Utility 0.20%
SUBTOTAL 45.21%
Tax Supported
Special Tax 14.92%
Local G.O. 12.91%
Tax-Supported Local Lease 3.90%
Assessment District 2.48%
State G.O. 2.15%
Tax-Supported State Lease 1.70%
SUBTOTAL 38.06%
Prerefunded/ETM 7.48%
Insured/Guaranteed
Insured 6.51%
SUBTOTAL 6.51%
Asset-Backed
Housing – Multi-Family 2.74%
SUBTOTAL 2.74%
Total 100.00%
State Breakdown
Portfolio %
California 92.31%
Puerto Rico 6.45%
Nevada 1.04%
Ohio 0.20%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 17.43%
AA 51.55%
A 16.88%
BBB 3.64%
Not Rated 3.02%
Pre-refunded Bonds 7.48%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 13.86%
Average Coupon: 5.61
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 3.77%
Preferred Stock: 36.59%
Tender Option Bonds: 4.26%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 44.62%*
Average Maturity: 5.86 Years
Effective Duration: 5.12 Years
Total Net Assets: $198.25 Million**
Common Stock Net Asset Value: $14.71
Number of Holdings: 79
Portfolio Turnover: 14
* The total percentage of leverage constitutes 4.26% through the use of tender option bonds,

36.59% in issued and outstanding preferred stock and 3.77% 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.

Company Codes: NYSE:AKP
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