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Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

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SOURCE Alliance New York Municipal Income Fund, Inc.

NEW YORK, March 24, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of February 28, 2014.

Top 10 Fixed-Income Holdings

Portfolio %

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

4.76%

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

4.61%

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

4.19%

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

4.10%

5) Long Island Pwr Auth NY Series 2012D 0.02%, 12/01/29

4.06%

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

3.94%

7) New York St Dormitory Auth (New York St Pers Income Tax) 5.00%, 3/15/26 Series 2013A

3.05%

8) New York NY Trnsl Fin Auth 5.25%, 7/01/30

3.04%

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

2.99%

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

2.83%



Sector/Industry Breakdown

Portfolio %

Revenue


Water & Sewer

11.64%

Toll Roads/Transit

9.03%

Revenue - Miscellaneous

8.31%

Health Care - Not-for-Profit

5.93%

Airport

4.76%

Higher Education - Private

3.63%

Senior Living

3.21%

Electric Utility

1.36%

Industrial Development - Utility

0.20%

SUBTOTAL

48.07%

Tax Supported


Special Tax

25.73%

Local G.O.

5.39%

State G.O.

4.08%

Tax-Supported State Lease

2.02%

Tax-Supported Local Lease

1.98%

Assessment District

0.42%

SUBTOTAL

39.62%

Prerefunded/ETM

5.30%

Note/VRDBs


Money Market

4.06%

SUBTOTAL

4.06%

Asset-Backed


Housing - Multi-Family

1.89%

SUBTOTAL

1.89%

Cash Equivalents


Investment Companies

1.06%

SUBTOTAL

1.06%

Total

100.00%



State Breakdown

Portfolio %

New York

82.99%

Idaho

2.83%

Pennsylvania

2.69%

Louisiana

2.41%

New Mexico

2.16%

Texas

2.05%

Wisconsin

1.36%

Puerto Rico

1.25%

Colorado

0.42%

Illinois

0.40%

Ohio

0.20%

California

0.18%

Other

1.06%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

16.45%

AA

54.21%

A

13.37%

BBB

2.73%

BB

1.57%

Not Rated

1.25%

Pre-refunded Bonds

5.30%

Short Term Investments

5.12%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

9.73%

1 to 5 years

0.65%

5 to 10 years

18.77%

10 to 20 years

59.11%

20 to 30 years

11.74%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

8.28%

Average Coupon:

5.13%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

37.81%

Tender Option Bonds:

3.89%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.70%*

Average Effective Maturity:

6.25 Years

Effective Duration:

5.48 Years

Total Net Assets:

$107.90 Million**

Common Stock Net Asset Value:

$13.87

Number of Holdings:

67

Portfolio Turnover:

35%



* The total percentage of leverage constitutes 3.89% through the use of tender option bonds, 37.81% 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.

 

 

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