Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

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NEW YORK, Oct. 25, 2011 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of September 30, 2011.

Alliance New York Municipal Income Fund, Inc.



Top 10 Fixed-Income Holdings



Portfolio %



1) New York St Mortgage Agy SFMR (New York St Mortgage Agy)  Series 01-29  5.45%,  4/01/31

7.23%

2) Metropolitan Trnsp Auth NY Series 02A 5.125%,  11/15/31

4.91%

3) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04  5.75%,  8/01/29

4.59%

4) New York NY Mun Wtr Fin Auth Series 02A 5.125%,  6/15/34

4.45%

5) New York St UDC Series 02A  5.25%,  3/15/32 (Prerefunded/ETM)

4.45%

6) New York NY Trst for Cult Res (Museum of Modern Art) AMBAC Series 01D  5.125%,  7/01/31

4.40%

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

4.03%

8) New York St Thruway Auth (New York St Thruway Auth Ded Tax)  Series 2011A  5.00%,  4/01/25

3.98%

9) Puerto Rico Sales Tax Fin Corp. 5.50%, 8/01/28

3.79%

10) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1  5.25%,  6/01/21

3.70%







Sector/Industry Breakdown



Portfolio %



Tax Supported


       Special Tax

22.33%

       Tax-Supported State Lease

5.43%

       Local G.O.

4.61%

       State G.O.

2.35%

       Assessment District

2.23%

SUBTOTAL

36.95%

Revenue


       Water & Sewer

9.19%

       Health Care - Not-for-Profit

8.27%

       Toll Roads/Transit

6.55%

       Revenue - Miscellaneous

5.34%

       Higher Education - Private

2.68%

       Electric Utility

1.97%

       Senior Living

1.73%

       Industrial Development - Airline

0.91%

       Industrial Development - Utility

0.23%

SUBTOTAL

36.87%

Prerefunded/ETM

13.42%

Asset-Backed


       Housing - Single Family

8.53%

       Housing - Multi-Family

2.91%

SUBTOTAL

11.44%

Note/VRDBs


       Money Market

0.70%

SUBTOTAL

0.70%

Cash Equivalents


       Investment Companies

0.62%

SUBTOTAL

0.62%

Total

100.00%



State Breakdown



Portfolio %



New York

83.07%

Puerto Rico

9.49%

Ohio

3.00%

Florida

1.86%

California

1.32%

Colorado

0.37%

Illinois

0.27%

Other

0.62%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %



AAA

25.02%

AAA(Pre-refunded Bonds)

13.42%

AA

32.89%

A

12.83%

BBB

10.86%

BB

0.73%

Short Term Investments

1.31%

Not Rated

2.94%

Total Investments

100.00%



Portfolio Statistics:


  AMT Percentage:

13.30%

  Average Coupon:

5.44

  Percentage of Leverage:


       Bank Borrowing:

0.00%

       Investment Operations:

0.00%

       Preferred Stock:

36.76%

       Tender Option Bonds:

3.78%

       Term Asset-Backed Loans Facility (TALF):

0.00%

       Total Fund Leverage:

40.54%*

  Average Maturity:

3.57 Years

  Effective Duration:

3.56 Years

  Total Net Assets:

$110.98 Million**

  Common Stock Net Asset Value:

$14.53

  Number of Holdings:

64



* The total percentage of leverage constitutes 3.78% through the use of tender option bonds, 36.76% 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.

SOURCE Alliance New York Municipal Income Fund, Inc.