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Alliance California Municipal Income Fund, Inc. Reports First Quarter Earnings

NEW YORK, March 29, 2019 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (AKP), a registered closed‑end investment company, today announced earnings for the Fund's First fiscal quarter ended January 31, 2019.

Total net assets of the Fund* on January 31, 2019 were $155,716,126, as compared with $152,956,291 on October 31, 2018 and $158,730,228 on January 31, 2018.  On January 31, 2019, the net asset value per share of common stock was $14.71 based on 8,554,668 shares of common stock outstanding.


January 31, 2019

October 31, 2018

January 31, 2018

Total Net Assets

$155,716,126

$152,956,291

$158,730,228

NAV Per Share

$14.71

$14.39

$15.06

Shares Outstanding

8,554,668

8,554,668

8,554,668

For the period November 1, 2018 through January 31, 2019, total net investment income was $1,211,752 or $0.14 per share of common stock. The total net realized and unrealized gain was $2,827,047 or $0.33 per share of common stock for the same period.


First Quarter

Ended

January 31, 2019

Fourth Quarter

Ended

October 31, 2018

First Quarter

Ended

January 31, 2018

Total Net Investment 
   Income

$1,211,752

$1,170,931

$1,256,331

Per Share

$0.14

$0.14

$0.15

Total Net Realized/

  Unrealized Gain (Loss)

$2,827,047

($3,874,164)

($2,674,732)

Per Share

$0.33

($0.45)

($0.31)

* Total net assets include assets attributable to both common and preferred shares.

Alliance California Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

 

Cision

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