NEW YORK, Feb. 7, 2019 /PRNewswire/ -- Alliance
California Municipal Income Fund, Inc. ("ACMIF" – NYSE: AKP)
announced today that its Board of Directors has unanimously
approved the liquidation and dissolution of ACMIF, subject to
stockholder approval. Based on the recommendation of
AllianceBernstein L.P., its investment adviser, the Board of
Directors of the Fund believes that liquidation of the Fund is in
the best interests of the Fund.
It is anticipated that the Plan of Liquidation and Dissolution
will be submitted to ACMIF's stockholders at a special meeting to
be called for that purpose on April
26, 2019. The close of business on February 19, 2019 has been fixed as the record
date for the special meeting of stockholders.
ACMIF is a closed-end U.S.-registered management investment
company advised by AllianceBernstein L.P.
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SOURCE Alliance California Municipal Income Fund, Inc.