Alliance New York Municipal Income Fund Releases Monthly Portfolio Update - WNEM TV 5

Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

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SOURCE Alliance New York Municipal Income Fund, Inc.

NEW YORK, July 28, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc.[NYSE: AYN] (the "Fund") today released its monthly portfolio update as of June 30, 2014.

 

Alliance New York Municipal Income Fund, Inc.






Top 10 Fixed-Income Holdings

Portfolio %

1) Port Authority of NY & NJ 5.00%, 10/01/34

4.82%

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

4.47%

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

4.22%

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

4.11%

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

3.97%

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

3.08%

7) New York St Dormitory Auth (New York St Pers Income Tax)  Series 2012A 5.00%, 6/15/31

3.04%

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

3.02%

9) Idaho Hsg & Fin Assn (Idaho Fed Hwy Grant) 5.00%, 7/15/31

2.84%

10) New York St Dormitory Auth (State Univ Of New York)  Series 2011A 5.00%, 7/01/31

2.75%



Sector/Industry Breakdown

Portfolio %

Revenue


Water & Sewer

11.64%

Toll Roads/Transit

8.05%

Health Care - Not-for-Profit

6.66%

Higher Education - Private

5.61%

Electric Utility

5.56%

Revenue - Miscellaneous

5.18%

Airport

4.82%

Senior Living

3.69%

Higher Education - Public

2.75%

Industrial Development - Utility

0.21%

SUBTOTAL

54.17%

Tax Supported


Special Tax

22.61%

Tax-Supported State Lease

5.13%

Local G.O.

3.32%

State G.O.

3.21%

Tax-Supported Local Lease

2.01%

Assessment District

0.38%

SUBTOTAL

36.66%

Prerefunded/ETM

5.14%

Note/VRDBs


Money Market

1.96%

SUBTOTAL

1.96%

Asset-Backed


Housing - Multi-Family

1.87%

SUBTOTAL

1.87%

Cash Equivalents


Investment Companies

0.20%

SUBTOTAL

0.20%

Total

100.00%



State Breakdown

Portfolio %

New York

84.90%

Idaho

2.84%

Pennsylvania

2.61%

Louisiana

2.34%

New Mexico

2.09%

Texas

2.07%

Wisconsin

1.32%

Puerto Rico

0.45%

Illinois

0.41%

Colorado

0.38%

Ohio

0.21%

California

0.18%

Other

0.20%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

16.43%

AA

60.98%

A

9.43%

BBB

3.87%

BB

0.77%

Not Rated

1.23%

Pre-refunded Bonds

5.14%

Short Term Investments

2.15%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

6.63%

1 to 5 years

5.76%

5 to 10 years

11.99%

10 to 20 years

65.26%

20 to 30 years

10.36%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

8.70%

Average Coupon:

5.23%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

37.26%

Tender Option Bonds:

3.84%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.10%*

Average Effective Maturity:

6.40 Years

Effective Duration:

5.53 Years

Total Net Assets:

$109.51 Million**

Common Stock Net Asset Value:

$14.21

Number of Holdings:

71

Portfolio Turnover:

35%

* The total percentage of leverage constitutes 3.84% through the use of tender option bonds, 37.26% 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.

©2012 PR Newswire. All Rights Reserved.

 
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