Alliance California Municipal Income Fund, Inc. Reports First Quarter Earnings

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.

 

January 31, 2012

October 31, 2011

January 31, 2011

Total Net Assets

$198,477,594

$192,515,189

$184,784,185

NAV Per Share

$14.75

$14.05

$13.15

Shares Outstanding

8,539,098

8,536,533

8,536,533

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.

 

First Quarter

Ended

January 31, 2012

Fourth Quarter

Ended

October 31, 2011

First Quarter

 Ended

January 31, 2011

Total Net Investment Income

 

$2,054,320

 

$2,050,849

 

$2,227,106

Per Share

$0.24

$0.24

$0.26

Total Net Realized/

  Unrealized Gain/(Loss)

 

$5,193,180

 

$1,349,046

 

($13,196,377)

Per Share

$0.69

$0.16

($1.55)

* 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.

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