NEW YORK, Dec. 28, 2010 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (the "Fund") today released its monthly portfolio update as of November 30, 2010.
Alliance California Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio % 1) Los Angeles CA USD GO NPFGC Series 02E 5.35% 5.125%, 1/01/27 (Prerefunded/ETM) 2) Los Angeles CA Dept W&P Pwr NPFGC- RE Series 4.99% 01A 5.125%, 7/01/41 3) California GO 5.25%, 4/01/30 4.68% (Prerefunded/ETM) 4) Los Angeles CA Wstwtr Sys 5.00%, 6/01/26 4.19% 5) Palo Alto CA Univ Ave AD Series 02A 5.875%, 3.87% 9/02/30 6) Puerto Rico Hwy & Trnsp Auth Series 02D 3.45% 5.375%, 7/01/36 (Prerefunded/ETM) 7) Los Angeles CA Cmnty Redev Agy (Los Angeles CA 3.31% CRA Grand Ctrl) AMBAC Series 02 5.375%, 12/01/26 8) Los Angeles CA Harbor Dept 5.00%, 8/01/26 2.90% 9) California Infra & Eco Dev Bk (YMCA of Metro 2.89% Los Angeles) AMBAC Series 01 5.25%, 2/01/32 10) Temecula CA Redev Agy NPFGC Series 02 5.25%, 2.83% 8/01/36 Sector/Industry Breakdown Portfolio % Prerefunded/ETM 19.10% Special Tax 13.39% Water & Sewer 10.11% Insured 8.09% Health Care - Not-for-Profit 7.85% Revenue - Miscellaneous 5.61% Assessment District 5.33% Port 5.12% Tax-Supported Local Lease 3.90% Local G.O. 3.46% Airport 3.32% Housing - Multi-Family 2.90% Electric Utility 2.73% State G.O. 2.20% Toll Roads/Transit 2.16% Higher Education - Private 1.72% Tax-Supported State Lease 1.59% Primary/Secondary Ed. -Private 1.21% Industrial Development -Utility 0.21% Total 100.00% State Breakdown Portfolio % California 91.57% Puerto Rico 7.13% Nevada 1.09% Ohio 0.21% Total Investments 100.00% Credit Quality Breakdown Portfolio % AAA 9.34% AAA(Pre-refunded Bonds) 19.11% AA 33.19% A 28.07% BBB 7.55% Not Rated 2.74% Total Investments 100.00% Portfolio Statistics: AMT Percentage: 12.56% Average Coupon: 5.45% Percentage of Leverage: Bank Borrowing: 0.00% Investment Operations: 1.19% Preferred Stock: 37.67% Tender Option Bonds: 4.39% Term Asset-Backed Loans Facility (TALF): 0.00% Total Fund Leverage: 43.25%* Average Maturity: 9.49 Years Effective Duration: 6.62 Years Total Net Assets: $192.58 Million** Common Stock Net Asset Value: $14.06 Number of Holdings: 75
The total percentage of leverage constitutes 4.39% through the use of tender option bonds, 37.67% in issued and outstanding preferred stock and 1.19% 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.
Alliance California Municipal Income Fund, Inc.
CONTACT: Shareholder Contact: 1-800-221-5672
Web Site: http://www.alliancebernstein.com/
