ALLIANCE CALIFORNIA MUNICIPAL INCMFNDINC 
By NEW YORK, Jan. 27, 2014 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of December 31, 2013.
Alliance California Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Univ of California Series 2012G 5.00%, 5/15/31 4.38%
2) Los Angeles Cnty CA Met Trnsp Auth (Los Angeles Cnty Ca Mta Sales Tax) 5.00%, 7/01/25 3.92%
3) California Pub Wks Brd Series 2011G 5.25%, 12/01/21 (Prerefunded/ETM) 3.74%
4) Los Angeles CA Dept W&P Wtr Series 2013B 5.00%, 7/01/32 3.43%
5) Los Angeles CA Cmnty Redev Agy (Los Angeles Ca Cra Grand Ctrl) AMBAC Series 2002A 5.375%, 12/01/26 3.43%
6) Los Angeles CA Harbor Dept Series 2009C 5.00%, 8/01/26 3.13%
7) San Diego CA USD GO Series 2013C 5.00%, 7/01/32 2.81%
8) Bay Area Toll Auth CA Series 2013S 5.00%, 4/01/33 2.70%
9) San Francisco City/Cnty CA Pub Util Wtr Series 2013B 5.00%, 10/01/32 2.61%
10) Coast CA CCD GO AGM 5.00%, 8/21/24 2.48%
Sector/Industry Breakdown
Portfolio %
Revenue
Water & Sewer 12.95%
Revenue - Miscellaneous 9.05%
Electric Utility 5.90%
Higher Education - Public 4.38%
Port 3.13%
Toll Roads/Transit 2.70%
Higher Education - Private 2.44%
Airport 1.76%
Primary/Secondary Ed. - Private 1.44%
Health Care - Not-for-Profit 1.43%
Industrial Development - Utility 0.19%
SUBTOTAL 45.37%
Tax Supported
Special Tax 18.17%
Local G.O. 12.62%
Tax-Supported Local Lease 2.80%
State G.O. 2.16%
Assessment District 2.11%
Tax-Supported State Lease 1.85%
SUBTOTAL 39.71%
Insured/Guaranteed
Insured 6.95%
SUBTOTAL 6.95%
Prerefunded/ETM 3.74%
Asset-Backed
Housing - Multi-Family 2.92%
SUBTOTAL 2.92%
Cash Equivalents
Investment Companies 1.31%
SUBTOTAL 1.31%
Total 100.00%
State Breakdown
Portfolio %
California 93.12%
Puerto Rico 3.33%
Nevada 1.07%
Guam 0.98%
Ohio 0.19%
Other 1.31%
Total Investments 100.00%
Credit Quality Breakdown
Portfolio %
AAA 10.87%
AA 53.95%
A 20.06%
BBB 5.52%
BB 1.51%
Not Rated 3.04%
Pre-refunded Bonds 3.74%
Short Term Investments 1.31%
Total Investments 100.00%
Bonds By Maturity
Portfolio %
Less than 1 year 1.31%
1 to 5 years 1.31%
5 to 10 years 15.29%
10 to 20 years 70.19%
20 to 30 years 11.90%
More than 30 years 0.00%
Other 0.00%
Total Investments 100.00%
Portfolio Statistics:
AMT Percentage: 10.79%
Average Coupon: 5.30%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.00%
Preferred Stock: 38.54%
Tender Option Bonds: 4.49%
Term Asset-Backed Loans Facility (TALF): 0.00%
Total Fund Leverage: 43.03%*
Average Effective Maturity: 6.94 Years
Effective Duration: 5.86 Years
Total Net Assets: $188.23 Million**
Common Stock Net Asset Value: $13.52
Number of Holdings: 72
Portfolio Turnover: 25%
* The total percentage of leverage constitutes 4.49% through the use
of tender option bonds, 38.54% 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 72,550,000 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.
SOURCE Alliance California Municipal Income Fund, Inc.
