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

NEW YORK, March 31, 2017 /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, 2017.

Total net assets of the Fund* on January 31, 2017 were $157,190,299, as compared with $165,418,278 on October 31, 2016 and $164,104,303 on January 31, 2016.  On January 31, 2017, the net asset value per share of common stock was $14.88 based on 8,554,668 shares of common stock outstanding.


January 31, 2017

October 31, 2016

January 31, 2016

Total Net Assets

$157,190,299

$165,418,278

$164,104,303

NAV Per Share

$14.88

$15.84

$15.69

Shares Outstanding

8,554,668

8,554,668

8,554,668

 

For the period November 1, 2016 through January 31, 2017, total net investment income was $1,393,749 or $0.16 per share of common stock.  The total net realized and unrealized loss was ($8,217,089) or ($0.96) per share of common stock for the same period.


First Quarter

Ended

January 31, 2017

Fourth Quarter

Ended

October 31, 2016

First Quarter

 Ended

January 31, 2016





Total Net Investment Income

$1,393,749

$1,227,611

$1,569,031

Per Share

$0.16

$0.14

$0.18

Total Net Realized/

  Unrealized Gain (Loss)

($8,217,089)

($2,793,201)

$4,600,422

Per Share

($0.96)

($0.33)

$0.54

 

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

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

 

 

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