Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

PR Newswire

NEW YORK, Dec. 26, 2013 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (AYN) (the "Fund") today released its monthly portfolio update as of November 30, 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

4.90%

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

4.78%

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

4.13%

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

3.95%

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

3.93%

6) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 2003A-1 5.25%, 6/01/21

3.69%

7) New York St Envrn Fac Corp. Series 2012B 5.00%, 8/15/24

3.18%

8) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28

3.14%

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

3.09%

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

3.05%



Sector/Industry Breakdown



Portfolio %

Tax Supported


Special Tax

32.07%

Local G.O.

9.43%

Tax-Supported State Lease

5.72%

State G.O.

1.38%

Assessment District

0.42%

SUBTOTAL

49.02%

Revenue


Water & Sewer

11.40%

Toll Roads/Transit

9.00%

Health Care - Not-for-Profit

5.83%

Airport

4.90%





Higher Education - Private

3.65%

Senior Living

3.23%

Electric Utility

2.03%

Revenue - Miscellaneous

1.29%

Industrial Development - Industry

0.44%

Industrial Development - Utility

0.20%

SUBTOTAL

41.97%

Prerefunded/ETM

4.82%

Asset-Backed


Housing - Multi-Family

3.89%

SUBTOTAL

3.89%

Cash Equivalents


Investment Companies

0.30%

SUBTOTAL

0.30%

Total

100.00%



State Breakdown



Portfolio %

New York

94.11%

Puerto Rico

4.38%

Colorado

0.42%

Illinois

0.41%

Ohio

0.20%

California

0.18%

Other

0.30%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

19.97%

AA

54.70%

A

14.30%

BBB

4.22%

BB

0.44%

Not Rated

1.25%

Pre-refunded Bonds

4.82%

Short Term Investments

0.30%

Total Investments

100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

5.08%

1 to 5 years

0.00%

5 to 10 years

13.83%

10 to 20 years

72.40%

20 to 30 years

8.69%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%





Portfolio Statistics:


AMT Percentage:

9.08%

Average Coupon:

5.35%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

38.62%

Tender Option Bonds:

3.98%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

42.60%*

Average Effective Maturity:

7.50 Years

Effective Duration:

6.19 Years

Total Net Assets:

$105.64 Million**

Common Stock Net Asset Value:

$13.41

Number of Holdings:

67

Portfolio Turnover:

44%


* The total percentage of leverage constitutes 3.98% through the use of tender option bonds, 38.62% 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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