Alliance New York Municipal Income Fund Releases Monthly Portfolio Update - Fox29 WFLX TV, West Palm Beach, Florida-

Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

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SOURCE Alliance New York Municipal Income Fund, Inc.

NEW YORK, June 27, 2014 /PRNewswire/ -- Alliance New York Municipal

Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of May 31, 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

4.68%

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

4.35%

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

4.13%

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

4.01%

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

3.87%

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

2.99%

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

2.96%

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

2.93%

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

2.77%

10) Long Island Pwr Auth NY Series 2012D 0.05%, 12/01/29

2.76%



Sector/Industry Breakdown

Portfolio %

Revenue

11.31%

Water & Sewer

9.17%

Revenue - Miscellaneous

7.84%

Toll Roads/Transit

6.90%

Health Care - Not-for-Profit

5.47%

Higher Education - Private

4.68%

Airport

3.14%

Senior Living

2.68%

Higher Education - Public

1.30%

Electric Utility

0.20%

Industrial Development - Utility

52.69%

SUBTOTAL


Tax Supported


Special Tax

25.01%

Local G.O.

3.23%

State G.O.

3.12%

Tax-Supported State Lease

1.97%

Tax-Supported Local Lease

1.94%

Assessment District

0.37%

SUBTOTAL

35.64%

Prerefunded/ETM

5.00%

Note/VRDBs


Money Market

2.76%

SUBTOTAL

2.76%

Cash Equivalents


Investment Companies

2.10%

SUBTOTAL

2.10%

Asset-Backed


Housing - Multi-Family

1.81%

SUBTOTAL

1.81%

Total

100.00%



 

State Breakdown

 

Portfolio %

New York

83.41%

Idaho

2.77%

Pennsylvania

2.54%

Louisiana

2.28%

New Mexico

2.03%

Texas

2.01%

Wisconsin

1.29%

Puerto Rico

0.44%

Illinois

0.39%

Colorado

0.37%

Ohio

0.20%

California

0.17%

Other

2.10%

Total Investments

100.00%

Credit Quality Breakdown



Portfolio %

AAA

15.99%

AA

54.47%

A

13.98%

BBB

3.77%

BB

0.75%

Not Rated

1.19%

Pre-refunded Bonds

5.00%

Short Term Investments

4.85%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

9.21%

1 to 5 years

2.89%

5 to 10 years

12.92%

10 to 20 years

62.40%

20 to 30 years

12.58%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%

Portfolio Statistics:


AMT Percentage:

8.66%

Average Coupon:

5.18%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.38%

Preferred Stock:

37.12%

Tender Option Bonds:

3.82%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.32%*

Average Effective Maturity:

6.49 Years

Effective Duration:

5.58 Years

Total Net Assets:

$109.91 Million**

Common Stock Net Asset Value:

$14.29

Number of Holdings:

71

Portfolio Turnover:

35%



* The total percentage of leverage constitutes 3.82% through the use of tender option bonds, 37.12% in issued and outstanding preferred stock and 0.38% 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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