NEW YORK, July 24, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund") today released its monthly portfolio update as of June 30, 2012.
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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 CA Wstwtr Sys 5.00%, 6/01/26
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4.34%
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2) San Francisco CA Pub Util Wtr Series 2012C
5.00%, 11/01/26
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4.25%
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3) Los Angeles Cnty CA Met Trnsp Auth
(Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25
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3.74%
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4) Los Angeles CA GO Series 2012A 5.00%, 9/01/23
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3.43%
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5) California Pub Wks Brd (Univ Of California Lease)
Series 2011A 5.25%, 12/01/26
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3.33%
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6) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl)
AMBAC Series 02 5.375%, 12/01/26
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3.14%
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7) Puerto Rico Hwy & Trnsp Auth Series 02D 5.375%,
7/01/36 (Prerefunded/ETM)
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3.05%
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8) Los Angeles CA Harbor Dept 5.00%, 8/01/26
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3.03%
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9) San Diego Cnty CA Regl Trnsp Commn Series 2012A 5.00%, 4/01/28
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2.38%
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10) Coast CA CCD GO AGM Series 06B 5.00%, 8/21/24
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2.31%
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Sector/Industry Breakdown
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Portfolio %
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Revenue
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Water & Sewer
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16.93%
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Electric Utility
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5.60%
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Port
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5.15%
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Revenue - Miscellaneous
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3.99%
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Higher Education - Public
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3.33%
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Health Care - Not-for-Profit
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3.23%
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Higher Education - Private
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2.78%
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Airport
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2.51%
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Primary/Secondary Ed. - Private
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1.49%
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Industrial Development - Utility
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0.20%
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SUBTOTAL
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45.21%
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Tax Supported
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Special Tax
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14.92%
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Local G.O.
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12.91%
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Tax-Supported Local Lease
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3.90%
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Assessment District
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2.48%
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State G.O.
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2.15%
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Tax-Supported State Lease
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1.70%
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SUBTOTAL
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38.06%
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Prerefunded/ETM
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7.48%
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Insured/Guaranteed
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Insured
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6.51%
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SUBTOTAL
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6.51%
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Asset-Backed
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Housing - Multi-Family
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2.74%
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SUBTOTAL
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2.74%
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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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92.31%
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Puerto Rico
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6.45%
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Nevada
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1.04%
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Ohio
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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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17.43%
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AA
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51.55%
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A
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16.88%
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BBB
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3.64%
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Not Rated
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3.02%
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Pre-refunded Bonds
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7.48%
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Total Investments
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100.00%
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Portfolio Statistics:
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AMT Percentage:
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13.86%
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Average Coupon:
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5.61
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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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3.77%
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Preferred Stock:
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36.59%
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Tender Option Bonds:
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4.26%
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Term Asset-Backed Loans Facility (TALF):
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0.00%
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Total Fund Leverage:
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44.62%*
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Average Maturity:
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5.86 Years
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Effective Duration:
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5.12 Years
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Total Net Assets:
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$198.25 Million**
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Common Stock Net Asset Value:
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$14.71
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Number of Holdings:
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79
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Portfolio Turnover:
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14
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* The total percentage of leverage constitutes 4.26% through the use of tender option bonds,
36.59% in issued and outstanding preferred stock and 3.77% 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.
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** Includes 72,550,000 of preferred stock at liquidation value.
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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.
SOURCE Alliance California Municipal Income Fund, Inc.