Business & Finance
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Business and Finance
Tue, September 25, 2012
Mon, September 24, 2012 Alliance California Municipal Income Fund, Inc. Reports Third Quarter Earnings
Alliance California Municipal Income Fund, Inc. Reports Third Quarter Earnings -- NEW YORK, Sept. 24, 2012 /PRNewswire/ --
Alliance California Municipal Income Fund, Inc. Reports Third Quarter Earnings
NEW YORK, Sept. 24, 2012 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: [ AKP ]), a registered closed‑end investment company, today announced earnings for the Fund's third fiscal quarter ended July 31, 2012.
Total net assets of the Fund* on July 31, 2012 were $201,200,786, as compared with $198,232,247 on April 30, 2012 and $190,468,013 on July 31, 2011. On July 31, 2012, the net asset value per share of common stock was $15.05 based on 8,545,980 shares of common stock outstanding.
July 31, 2012 | April 30, 2012 | July 31, 2011 | |
Total Net Assets | $201,200,786 | $198,232,247 | $190,468,013 |
NAV Per Share | $15.05 | $14.71 | $13.81 |
Shares Outstanding | 8,545,980 | 8,541,817 | 8,536,533 |
For the period May 1, 2012 through July 31, 2012, total net investment income was $1,689,517 or $0.20 per share of common stock. The total net realized and unrealized gain was $3,223,960 or $0.38 per share of common stock for the same period.
Third Quarter Ended July 31, 2012 | Second Quarter Ended April 30, 2012 | Third Quarter Ended July 31, 2011 | |
Total Net Investment Income | $1,689,517 | $1,894,439 | $2,045,322 |
Per Share | $0.20 | $0.22 | $0.24 |
Total Net Realized/Unrealized Gain/(Loss) | $3,223,960 | ($181,720) | $2,595,928 |
Per Share | $0.38 | ($0.02) | $0.30 |
* 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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