Alliance New York Municipal Income Fund, Inc. News

Alliance New York Municipal Income Fund Releases Monthly Portfolio Update

NEW YORK, June 17 PRNewswire-FirstCall — Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of May 31, 2008.

Alliance New York Municipal Income Fund, Inc. Top 10 Fixed-Income Holdings Portfolio% 1) NYS Mtg Agy AMT 5.450% (04/01/31) 9.36% 2) NY Metro Trans Auth 5.125% (11/15/31) 4.75% 3) New York NY Go Pre Re 5.500% (12/01/31) 4.66% 4) New York State Dorm Auth MBIA 5.750% (08/01/29) 4.63% 5) New York State UDC 5.250% (03/15/32) 4.62% 6) NYC Trust Cultural Resources 5.125% (07/01/31) 4.35% 7) New York NY Mun Wtr Auth 5.125% (06/15/34) 4.34% 8) Trib Brdg & Tunl Auth NY Gen P 5.000% (01/01/32) 3.88% 9) Tobacco Settlement NY AMBAC As 5.250% (06/01/21) 3.55% 10) Puerto Rico Hwy Transp Rev Ser 5.375% (07/01/36) 2.99% Sector/Industry Breakdown Portfolio% Muni: Hospital/Health Care 15.05% Transportation 14.56% General Obligation 12.69% Housing-Mortgages 10.78% Community Facility 9.98% Water/SWR 8.07% Corporate - Utility (Electric) 6.23% Education 4.17% Continuing Care Facility 3.89% Miscellaneous 3.55% Higher Education 2.87% Housing-Rental Units 2.83% Corporate - Utility (Water) 2.12% Assessment District 1.00% Airport Facility 0.84% Cop/Lease Rental 0.51% Port Facility 0.43% Special Tax 0.43% SUBTOTAL 100.00% Total 100.00% State Breakdown Portfolio% New York 86.14% Puerto Rico 8.67% Florida 3.04% California 0.85% Illinois 0.43% Colorado 0.37% Ohio 0.26% Pennsylvania 0.24% Total 100.00% Credit Quality Breakdown Portfolio% AAA 58.03% AA 21.48% A 11.00% BBB 6.20% BB 2.34% B 0.95% Total 100.00% Portfolio Statistics AMT Percentage: 16.91% Average Coupon: 5.37% Percentage of Leverage: Bank Loans: 0% Investment Operations: 1.94% Preferred Stock: 27.44% Total: 29.38%* Avg. Maturity: 12.62 Years Duration: 5.50 Years Total Net Assets: $115.8 Million Net Asset Value: $14.67 Number of Holdings: 67 * The total percentage of leverage constitutes 27.44% in issued and outstanding preferred stock and 1.94% 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.

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.

Send this news item to a friend.

Print This Page