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Alliance California Municipal Income Fund, Inc. Reports Fourth Quarter Earnings

NEW YORK, Dec. 29, 2017 /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, 2017.

Total net assets of the Fund* on October 31, 2017 were $161,456,826, as compared with $161,343,269 on July 31, 2017 and $165,418,278 on October 31, 2016. On October 31, 2017, the net asset value per share of common stock was $15.38 based on 8,554,668 shares of common stock outstanding.


October 31, 2017

July 31, 2017

October 31, 2016

Total Net Assets

$161,456,826

$161,343,269

$165,418,278

NAV Per Share

$15.38

$15.37

$15.84

Shares Outstanding

8,554,668

8,554,668

8,554,668

For the period August 1, 2017 through October 31, 2017, total net investment income was $1,188,529 or $0.14 per share of common stock. The total net realized and unrealized gain was $241,552 or $0.03 per share of common stock for the same period.


Fourth Quarter

Ended

October 31, 2017

Third Quarter

Ended

July 31, 2017

Fourth Quarter

Ended

October 31, 2016

Total Net Investment
Income

$1,188,529

$1,187,303

$1,227,611

Per Share

$0.14

$0.14

$0.14

Total Net Realized/

Unrealized Gain

$241,552

$2,520,482

($2,793,201)

Per Share

$0.03

$0.29

($0.33)

* 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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SOURCE Alliance California Municipal Income Fund, Inc.