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

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PR Newswire 29-Dec-2017 4:06 PM
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NEW YORK, Dec. 29, 2017 /PRNewswire/ --Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closedend 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.
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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
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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.
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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)
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* 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.