11-25-13 4:06 PM EST | Email Article

NEW YORK, Nov. 25, 2013 /PRNewswire/ -- Alliance New York Municipal

Income Fund, Inc. [NYSE: AYN] (the "Fund") today released its monthly portfolio update as of October 31, 2013.

Alliance New York Municipal Income Fund, Inc.




Top 10 Fixed-Income Holdings



Portfolio %

1) Port Authority of NY & NJ 5.00%, 10/01/27

4.93%

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

4.77%

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

4.11%

4) New York NY GO Series 2013D 5.00%, 8/01/31

3.97%

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

3.93%

6) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 2003A-1 5.25%, 6/01/21

3.68%

7) New York St Envrn Fac Corp. Series 2012B 5.00%, 8/15/24

3.21%

8) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28

3.15%

9) New York NY Trnsl Fin Auth Series 2012A-1 5.00%, 5/01/27

3.09%

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

3.05%



Sector/Industry Breakdown



Portfolio %

Tax Supported


Special Tax

32.04%

Local G.O.

9.46%

Tax-Supported State Lease

5.72%

State G.O.

1.37%

Assessment District

0.42%

SUBTOTAL

49.01%

Revenue


Water & Sewer

11.44%

Toll Roads/Transit

9.04%

Health Care - Not-for-Profit

5.84%

Airport

4.93%



Higher Education - Private

3.66%

Senior Living

3.20%

Electric Utility

2.03%

Revenue - Miscellaneous

1.29%

Industrial Development - Industry

0.44%

Industrial Development - Utility

0.20%

SUBTOTAL

42.07%

Prerefunded/ETM

4.81%

Asset-Backed


Housing - Multi-Family

3.87%

SUBTOTAL

3.87%

Cash Equivalents


Investment Companies

0.24%

SUBTOTAL

0.24%

Total

100.00%



State Breakdown



Portfolio %

New York

94.20%

Puerto Rico

4.38%

Colorado

0.42%

Illinois

0.38%

Ohio

0.20%

California

0.18%

Other

0.24%

Total Investments

100.00%



Credit Quality Breakdown



Portfolio %

AAA

20.00%

AA

54.77%

A

14.30%

BBB

4.22%

BB

0.44%

Not Rated

1.22%

Pre-refunded Bonds

4.81%

Short Term Investments

0.24%

Total Investments

100.00%



Bonds By Maturity



Portfolio %

Less than 1 year

5.02%

1 to 5 years

0.00%

5 to 10 years

11.17%

10 to 20 years

75.15%

20 to 30 years

8.66%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

9.27%

Average Coupon:

5.35%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

38.40%

Tender Option Bonds:

3.95%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

42.35%*

Average Effective Maturity:

7.59 Years

Effective Duration:

6.25 Years

Total Net Assets:

$106.25 Million**

Common Stock Net Asset Value:

$13.53

Number of Holdings:

67

Portfolio Turnover:

44%



* The total percentage of leverage constitutes 3.95% through the use of tender option bonds, 38.40% 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.

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