NEW YORK, Sept. 22, 2017 /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,
2017.
Total net assets of the Fund* on July 31,
2017 were $161,343,269, as
compared with $158,949,582 on
April 30, 2017 and $168,390,194 on July
31, 2016. On July 31,
2017, the net asset value per share of common stock was
$15.37 based on 8,554,668 shares of
common stock outstanding.
|
July 31,
2017
|
April 30,
2017
|
July 31,
2016
|
|
Total Net
Assets
|
$161,343,269
|
$158,949,582
|
$168,390,194
|
|
NAV Per
Share
|
$15.37
|
$15.09
|
$16.19
|
|
Shares
Outstanding
|
8,554,668
|
8,554,668
|
8,554,668
|
For the period May 1, 2017 through
July 31, 2017, total net investment
income was $1,187,303 or $0.14 per share of common stock. The total net
realized and unrealized gain was $2,520,482 or $0.29
per share of common stock for the same period.
|
Third
Quarter
Ended
July 31,
2017
|
Second
Quarter
Ended
April 30,
2017
|
Third
Quarter
Ended
July 31,
2016
|
|
Total Net
Investment
Income
|
$1,187,303
|
$1,196,858
|
$1,358,300
|
|
Per Share
|
$0.14
|
$0.14
|
$0.16
|
|
Total Net
Realized/
Unrealized
Gain
|
$2,520,482
|
$1,900,771
|
$2,971,815
|
|
Per Share
|
$0.29
|
$0.22
|
$0.35
|
* Total net assets include assets attributable to both common
and preferred shares.
Alliance California Municipal Income Fund, Inc. is managed by
AllianceBernstein L.P.
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content:http://www.prnewswire.com/news-releases/alliance-california-municipal-income-fund-inc-reports-third-quarter-earnings-300524485.html
SOURCE Alliance California Municipal Income Fund, Inc.