NEW YORK, March 29, 2018 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE:AKP), a registered closed-end investment company, today announced earnings for the Fund's first fiscal quarter ended January 31, 2018.

Total net assets of the Fund* on January 31, 2018 were $158,730,228, as compared with $161,456,826 on October 31, 2017 and $157,190,299 on January 31, 2017.  On January 31, 2018, the net asset value per share of common stock was $15.06 based on 8,554,668 shares of common stock outstanding.

For the period November 1, 2017 through January 31, 2018, total net investment income was $1,256,331 or $0.15 per share of common stock. The total net realized and unrealized loss was ($2,674,732) or ($0.31) per share of common stock for the same period.

* 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.