NEW YORK, March 26, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closed‑end investment company, today announced earnings for the Fund's first fiscal quarter ended January 31, 2012.

Total net assets of the Fund* on January 31, 2012 were 198,477,594, as compared with $192,515,189 on October 31, 2011 and $184,784,185 on January 31, 2011.  On January 31, 2012, the net asset value per share of common stock was $14.75 based on 8,539,098 shares of common stock outstanding.

For the period November 1, 2011 through January 31, 2012, total net investment income was $2,054,320 or $0.24 per share of common stock.  The total net realized and unrealized gain was $5,913,180 or $0.69 per share of common stock for the same period.

* Total net assets include assets attributable to both common and preferred shares.

Alliance California Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

SOURCE Alliance California Municipal Income Fund, Inc.