NEW YORK, Jan. 28, 2019
/PRNewswire/ -- Alliance California Municipal Income Fund,
Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio
update as of December 31, 2018.
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Alliance California
Municipal Income Fund, Inc.
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Top 10
Fixed-Income Holdings
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Portfolio
%
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1) Los Angeles
Department of Water Series 2013B 5.00%,
7/01/32
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3.45%
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2) Los Angeles County
Metropolitan Transportation Authority (Los Angeles County
Metropolitan Transportation Authority Sales Tax) Series
2009 5.00%, 7/01/25
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3.40%
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3) San Diego Public
Facilities Financing Authority 5.00%,
5/15/36
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2.88%
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4) San Diego Unified
School District/CA Series 2013C 5.00%,
7/01/32
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2.86%
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5) Bay Area Toll
Authority Series 2013S 5.00%, 4/01/33
(Prerefunded/ETM)
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2.83%
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6) Port of Los
Angeles Series 2009C 5.00%,
8/01/26
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2.82%
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7) City of San
Francisco CA Public Utilities Commission Wastewater
Revenue Series 2013B 5.00%,
10/01/32
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2.61%
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8) San Diego County
Water Authority Financing Corp. Series 2013
5.00%, 5/01/31
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2.39%
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9) University of
California Series 2012G 5.00%,
5/15/31
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2.38%
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10) California
Statewide Communities Development Authority(Buck Institute for
Research on Aging) AGM Series 2014 5.00%,
11/15/44
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2.20%
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Sector/Industry
Breakdown
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Portfolio
%
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Revenue
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Health Care -
Not-for-Profit
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10.10%
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Revenue -
Miscellaneous
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10.09%
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Water &
Sewer
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9.09%
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Primary/Secondary Ed.
- Public
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5.00%
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Electric
Utility
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4.39%
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Toll
Roads/Transit
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3.79%
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Port
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3.70%
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Tobacco
Securitization
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2.42%
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Higher Education -
Public
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2.38%
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Airport
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2.15%
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Senior
Living
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1.67%
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Higher Education -
Private
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1.61%
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Primary/Secondary Ed.
- Private
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1.39%
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SUBTOTAL
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57.78%
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Tax
Supported
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Local G.O.
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9.96%
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Special
Tax
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9.02%
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Tax-Supported Local
Lease
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7.30%
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Assessment
District
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3.39%
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State G.O.
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1.11%
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SUBTOTAL
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30.78%
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Prerefunded/ETM
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9.99%
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Asset-Backed
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Housing -
Multi-Family
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1.25%
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SUBTOTAL
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1.25%
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Cash
Equivalents
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Investment
Companies
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0.20%
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SUBTOTAL
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0.20%
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Total
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100.00%
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State
Breakdown
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Portfolio
%
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California
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92.33%
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New York
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1.69%
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Florida
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1.45%
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Guam
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1.45%
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New Jersey
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1.26%
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Illinois
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0.55%
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Missouri
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0.54%
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Pennsylvania
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0.53%
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Other
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0.20%
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Total
Investments
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100.00%
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Credit Quality
Breakdown
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Portfolio
%
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AAA
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10.34%
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AA
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44.68%
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A
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13.47%
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BBB
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15.13%
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BB
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2.30%
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B
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1.25%
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Not Rated
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2.64%
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Pre-refunded
Bonds
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9.99%
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Short-Term
Investments
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0.20%
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Total
Investments
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100.00%
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Bonds By
Maturity
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Portfolio
%
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Less than 1
year
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0.20%
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1 to 5
years
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0.00%
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5 to 10
years
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13.24%
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10 to 20
years
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59.50%
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20 to 30
years
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24.83%
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More Than 30
years
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2.23%
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Other
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0.00%
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Total
Investments
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100.00%
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Portfolio
Statistics:
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AMT
Percent:
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3.25%
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Average
Coupon:
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5.10%
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Percentage of
Leverage:
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Bank
Borrowing:
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0.00%
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Investment
Operations:
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0.00%
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Auction Preferred
Shares (APS):
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15.51%
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Tender Option
Bonds:
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4.14%
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Variable Rate
MuniFund Term Preferred Shares (VMTPs):
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20.83%
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Total Fund
Leverage:
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40.48%*
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Average Effective
Maturity:
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5.13
Years
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Effective
Duration:
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4.46
Years
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Total Net
Assets:
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$155.17
Million**
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Common Stock Net
Asset Value:
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$14.65
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Number of
Holdings:
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87
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Portfolio
Turnover:
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17%
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* The total percentage of leverage constitutes 4.14% through the
use of tender option bonds, 15.51% in issued and outstanding
APS,20.83% in issued and outstanding VMTPs 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 $29,875,000 of APS at
liquidation value.The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which
is not included in Total Net Assets because it is treated as a
liability for financial reporting purposes.
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.
View original
content:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-releases-monthly-portfolio-update-300785413.html
SOURCE Alliance California Municipal Income Fund, Inc.