NEW YORK, April 26, 2019 /PRNewswire/ -- Alliance
California Municipal Income Fund, Inc. (NYSE: AKP) (the "Fund")
announced today that stockholders of the Fund approved the proposed
Plan of Liquidation and Dissolution of the Fund at the Special
Meeting of Stockholders held today (the "Liquidation"), and that
the Fund will begin to transition its portfolio in anticipation of
making its liquidating distributions. In connection with the
Liquidation, the Fund will close its stock registry books and
records at the close of business on Thursday, May 2, 2019. The proportionate
interests of stockholders in the Fund's assets will be fixed on the
basis of their respective stockholdings at the close of business on
May 2, 2019. As of that time,
the trading of the Fund's shares on the New York Stock Exchange is
expected to be suspended.
The Fund expects to make one or more liquidating or other
distributions to common stockholders. It is anticipated that
liquidating and other distributions to common stockholders will be
made on or about June 21, 2019.
The Fund's preferred stock will be redeemed and preferred
stockholders will receive the liquidation preference amount of each
share plus accumulated but unpaid dividends and other
distributions. It is anticipated that redemption of the
Fund's preferred stock will take place on or about May 21, 2019.
The Fund is a closed-end U.S.-registered management investment
company advised by AllianceBernstein L.P.
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SOURCE Alliance California Municipal Income Fund, Inc.