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Mon, June 25, 2012
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Fri, June 22, 2012 Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings
Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings -- NEW YORK, June 22, 2012 /PRNewswire/ --
Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings
NEW YORK, June 22, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: [ AKP ]), a registered closed‑end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2012.
Total net assets of the Fund* on April 30, 2012 were $198,232,247, as compared with $198,477,594 on January 31, 2012 and $187,820,694 on April 30, 2011. On April 30, 2012, the net asset value per share of common stock was $14.71 based on 8,541,817 shares of common stock outstanding.
April 30, 2012 | January 31, 2012 | April 30, 2011 | |
Total Net Assets | $198,232,247 | $198,477,594 | $187,820,694 |
NAV Per Share | $14.71 | $14.75 | $13.50 |
Shares Outstanding | 8,541,817 | 8,539,098 | 8,536,533 |
For the period February 1, 2012 through April 30, 2012, total net investment income was $1,894,439 or $0.22 per share of common stock. The total net realized and unrealized loss was $181,720 or $0.02 per share of common stock for the same period.
Second Quarter Ended April 30, 2012 | First Quarter Ended January 31, 2012 | Second Quarter Ended April 30, 2011 | |
Total Net Investment Income |
$1,894,439 |
$2,054,320 |
$2,076,269 |
Per Share | $0.22 | $0.24 | $0.24 |
Total Net Realized/ Unrealized Gain/(Loss) |
($181,720) |
$5,193,180 |
$3,629,276 |
Per Share | ($0.02) | $0.69 | $0.43 |
* 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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