Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Jan. 27, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.[NYSE: AYN] (the "Fund") today released its monthly portfolio update as of December 31, 2013.

Alliance New York Municipal Income Fund, Inc.




Top 10 Fixed-Income Holdings



Portfolio %

1) Port Authority of NY & NJ 5.00%, 10/01/27

4.93%

2) New York St Dormitory Auth   NPFGC Series 04 5.75%, 8/01/14 (Prerefunded/ETM)

4.78%

3) Utility Debt Securitization Auth NY Series 2013T 5.00%, 12/15/30

4.15%

4) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax)  Series 2011C 5.00%, 12/01/25

4.12%

5) New York NY GO Series 2013D 5.00%, 8/01/31

3.94%

6) New York St Thruway Auth (New York St Thruway Auth Ded Tax)  Series 2011A 5.00%, 4/01/31

3.94%

7) New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27

3.08%

8) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26

3.05%

9) New York NY Trnsl Fin Auth Series 2013A 5.25%, 7/01/30

3.02%

10) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27

3.02%



Sector/Industry Breakdown



Portfolio %

Tax Supported


Special Tax

31.77%

Local G.O.

9.40%

Tax-Supported State Lease

2.01%

Tax-Supported Local Lease

1.95%

State G.O.

1.38%

Assessment District

0.42%

SUBTOTAL

46.93%

Revenue


Toll Roads/Transit

8.99%

Water & Sewer

8.21%

Health Care - Not-for-Profit

5.82%



Revenue - Miscellaneous

5.44%

Airport

4.93%

Higher Education - Private

3.65%

Senior Living

3.23%

Electric Utility

1.38%

Industrial Development - Industry

0.44%

Industrial Development - Utility

0.20%

SUBTOTAL

42.29%

Prerefunded/ETM

5.49%

Cash Equivalents


Investment Companies

3.34%

SUBTOTAL

3.34%

Asset-Backed


Housing - Multi-Family

1.95%

SUBTOTAL

1.95%

Total

100.00%



State Breakdown



Portfolio %

New York

91.31%

Puerto Rico

4.13%

Colorado

0.42%

Illinois

0.41%

Ohio

0.20%

California

0.19%

Other

3.34%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

20.87%

AA

50.99%

A

13.41%

BBB

3.84%

BB

0.81%

Not Rated

1.25%

Pre-refunded Bonds

5.49%

Short Term Investments

3.34%

Total Investments

100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

8.13%

1 to 5 years

0.67%

5 to 10 years

9.86%

10 to 20 years

72.66%

20 to 30 years

8.68%

More than 30 years

0.00%

Other

0.00%



Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

7.66%

Average Coupon:

5.15%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

38.90%

Tender Option Bonds:

4.00%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

42.90%*

Average Effective Maturity:

7.53 Years

Effective Duration:

6.24 Years

Total Net Assets:

$104.90 Million**

Common Stock Net Asset Value:

$13.25

Number of Holdings:

66

Portfolio Turnover:

35%

* The total percentage of leverage constitutes 4.00% through the use of tender option bonds, 38.90% in issued and outstanding preferred stock and 0.00% 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 40,800,000 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.






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