Alliance California Municipal Income Fund RELEASES MONTHLY PORTFOLIO UPDATE

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PR Newswire 23-Feb-2018 4:06 PM
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NEW YORK, Feb. 23, 2018 /PRNewswire/ --Alliance California Municipal Income Fund, Inc.[NYSE: AKP] (the "Fund") today released its monthly portfolio update as of January 31,2018.
Alliance California Municipal Income Fund, Inc.
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Top 10 Fixed-Income Holdings Portfolio %
1) Los Angeles Department of Water & Power WTR Series 2013B 5.00%, 7/01/32 3.45%
2) Los Angeles County Metropolitan Transportation Authority (Los Angeles County Metropolitan Transportation Authority Sales Tax) Series 2009 5.00%, 7/01/25 3.42%
3) San Diego Unified School District/CA Series 2013C 5.00%, 7/01/32 2.86%
4) San Diego Public Facilities Financing Authority 5.00%, 5/15/36 2.84%
5) Port of Los Angeles Series 2009C 5.00%, 8/01/26 2.84%
6) Bay Area Toll Authority Series 2013S 5.00%, 4/01/33 (Prerefunded/ETM) 2.82%
7) Metropolitan Transportation Authority Series 2014C 5.00%, 11/15/32 2.66%
8) City of San Francisco CA Public Utilities Commission Wastewater Revenue Series 2013B 5.00%, 10/01/32 2.59%
9) San Diego County Water Authority Financing Corp. Series 2013 5.00%, 5/01/31 2.38%
10) University of California 5.00%, 5/15/31 2.38%

Sector/Industry Breakdown Portfolio %
Revenue
Water & Sewer 9.22%
Health Care - Not-for-Profit 8.56%
Revenue - Miscellaneous 8.54%
Toll Roads/Transit 4.77%
Electric Utility 4.37%
Port 3.71%
Primary/Secondary Ed. - Public 3.22%
Airport 3.01%
Higher Education - Public 2.38%
Senior Living 1.64%
Higher Education - Private 1.62%
Primary/Secondary Ed. - Private 1.40%
SUBTOTAL 52.44%
Tax Supported
Special Tax 11.97%
Local G.O. 9.40%
Tax-Supported Local Lease 9.18%
Assessment District 4.08%
State G.O. 2.81%
SUBTOTAL 37.44%
Prerefunded/ETM 8.41%
Asset-Backed
Housing - Multi-Family 1.28%
SUBTOTAL 1.28%
Cash Equivalents
Investment Companies 0.43%
SUBTOTAL 0.43%
Total 100.00%

State Breakdown Portfolio %
California 92.24%
New York 2.66%
Florida 1.43%
Guam 1.02%
Minnesota 0.61%
New Jersey 0.54%
Pennsylvania 0.54%
Missouri 0.53%
Other 0.43%
Total Investments 100.00%

Credit Quality Breakdown Portfolio %
AAA 10.32%
AA 53.00%
A 10.11%
BBB 13.46%
B 1.28%
Not Rated 2.99%
Pre-refunded Bonds 8.41%
Short-Term Investments 0.43%
Total Investments 100.00%

Bonds By Maturity Portfolio %
Less than 1 year 0.43%
1 to 5 years 0.00%
5 to 10 years 12.60%
10 to 20 years 67.84%
20 to 30 years 19.13%
More Than 30 years 0.00%
Other 0.00%
Total Investments 100.00%

Portfolio Statistics:
AMT Percent: 3.35%
Average Coupon: 5.17%
Percentage of Leverage:
Bank Borrowing: 0.00%
Investment Operations: 0.59%
Auction Preferred Shares (APS): 15.20%
Tender Option Bonds: 4.06%
Variable Rate MuniFund Term Preferred Shares (VMTPs): 20.41%
Total Fund Leverage: 40.26%*
Average Effective Maturity: 6.19 Years
Effective Duration: 5.11 Years
Total Net Assets: $158.73 Million**
Common Stock Net Asset Value: $15.06
Number of Holdings: 88
Portfolio Turnover: 18%

* The total percentage of leverage constitutes 4.06% through the use of tender option bonds, 15.20% in issued and outstanding APS,20.41% in issued and outstanding VMTPs and 0.590% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

** Includes $29,875,000 of APS at liquidation value.The Fund also had outstanding $40,125,000 of VMTPs at liquidation value, which is not included in Total Net Assets because it is treated as a liability for financial reporting purposes.
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The foregoing portfolio characteristics are as of the date indicated and can be expected to change. 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.