NEW YORK, Dec. 30, 2016 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closed‑end investment company, today announced earnings for the Fund's fourth fiscal quarter ended October 31, 2016.

Total net assets of the Fund* on October 31, 2016 were $165,418,278, as compared with $168,390,194 on July 31, 2016 and $159,492,007 on October 31, 2015. On October 31, 2016, the net asset value per share of common stock was $15.84 based on 8,554,668 shares of common stock outstanding.

 


October 31, 2016

July 31, 2016

October 31, 2015

Total Net Assets

$165,418,278

$168,390,194

$159,492,007

NAV Per Share

$15.84

$16.19

$15.15

Shares Outstanding

8,554,668

8,554,668

8,554,668

 

For the period August 1, 2016 through October 31, 2016, total net investment income was $1,227,611 or $0.14 per share of common stock. The total net realized and unrealized loss was ($2,793,201) or ($0.33) per share of common stock for the same period.

 


Fourth Quarter
Ended

October 31, 2016

Third Quarter
Ended

July 31, 2016

Fourth Quarter
 Ended

October 31, 2015

Total Net Investment 
 Income

$1,227,611

$1,358,300

$1,493,885

Per Share

$0.14

$0.16

$0.17

Total Net Realized/
 Unrealized Gain (Loss)

($2,793,201)

$2,971,815

$990,897

Per Share

($0.33)

$0.35

$0.12

 

* 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.


Source: Alliance California Municipal Income Fund, Inc.