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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, Aug. 26, 2014 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of July 31, 2014.

Alliance New York Municipal Income Fund, Inc.






Top 10 Fixed-Income Holdings

Portfolio %

1) Port Authority of New York & New Jersey 5.00%, 10/01/34

4.80%

2) New York State Dormitory Authority 5.75%, Series 04 8/01/14 (Prerefunded/ETM)

4.41%

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

4.18%

4) Erie County Fiscal Stability Authority (Erie County Fiscal Stability Authority Sales Tax) Series 2011C 5.00%, 12/01/25

4.08%

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

3.96%

6) New York State Dormitory Authority (New York State Dormitory Authority Lease)   Series 2013A 5.25%, 7/01/30

3.05%

7) New York State Dormitory Authority (State of New York Pers Income Tax)   Series 2012A 5.00%, 6/15/31

3.02%

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

2.98%

9) Idaho Housing & Finance Association (State of Idaho Fed Hwy Grant) 5.00%, 7/15/31

2.81%

10) New York State Dormitory Authority (State University of New York)   Series 2011A 5.00%, 7/01/31

2.73%





Sector/Industry Breakdown

Portfolio %

Revenue


Water & Sewer

11.53%

Toll Roads/Transit

7.98%

Health Care - Not-for-Profit

6.58%

Higher Education - Private

5.57%

Electric Utility

5.50%

Revenue - Miscellaneous

5.12%

Airport

4.80%

Senior Living

3.62%

Higher Education - Public

2.73%

Industrial Development - Utility

0.20%

SUBTOTAL

53.63%

Tax Supported


Special Tax

23.96%

Tax-Supported State Lease

5.08%

State G.O.

2.76%

Local G.O.

2.42%

Tax-Supported Local Lease

1.99%

Assessment District

0.38%

SUBTOTAL

36.59%

Prerefunded/ETM

5.04%

Note/VRDBs


Money Market

1.94%

SUBTOTAL

1.94%

Asset-Backed


Housing - Multi-Family

1.85%

SUBTOTAL

1.85%

Cash Equivalents


Investment Companies

0.95%

SUBTOTAL

0.95%

Total

100.00%



State Breakdown

Portfolio %

New York

84.78%

Idaho

2.81%

Pennsylvania

2.58%

Louisiana

2.31%

New Mexico

2.06%

Texas

2.04%

Wisconsin

1.31%

Illinois

0.40%

Colorado

0.38%

Ohio

0.20%

California

0.18%

Other

0.95%

Total Investments

100.00%



Credit Quality Breakdown

Portfolio %

AAA

17.78%

AA

59.58%

A

9.31%

BBB

3.83%

BB

0.35%

Not Rated

1.22%

Pre-refunded Bonds

5.04%

Short Term Investments

2.89%

Total Investments

100.00%



Bonds By Maturity

Portfolio %

Less than 1 year

7.31%

1 to 5 years

8.26%

5 to 10 years

8.15%

10 to 20 years

67.09%

20 to 30 years

9.19%

More than 30 years

0.00%

Other

0.00%

Total Investments

100.00%



Portfolio Statistics:


AMT Percentage:

8.74%

Average Coupon:

5.22%

Percentage of Leverage:


Bank Borrowing:

0.00%

Investment Operations:

0.00%

Preferred Stock:

38.05%

Tender Option Bonds:

3.92%

Term Asset-Backed Loans Facility (TALF):

0.00%

Total Fund Leverage:

41.97%*

Average Effective Maturity:

6.41 Years

Effective Duration:

5.53 Years

Total Net Assets:

$109.56 Million**

Common Stock Net Asset Value:

$14.22

Number of Holdings:

70

Portfolio Turnover:

35%



* The total percentage of leverage constitutes 3.92% through the use


of tender option bonds, 38.05% 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.


 

©2012 PR Newswire. All Rights Reserved.

 
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