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

PRNewswire 28-Dec-2018 4:06 PM

NEW YORK, Dec. 28, 2018 /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, 2018.

Total net assets of the Fund* on October 31, 2018 were $152,956,291, as compared with $156,918,120 on July 31, 2018 and $161,456,826 on October 31, 2017.  On October 31, 2018, the net asset value per share of common stock was $14.39 based on 8,554,668 shares of common stock outstanding.

For the period July 31, 2018 through October 31, 2018, total net investment income was $1,170,931 or $0.14 per share of common stock. The total net realized and unrealized loss was ($3,874,164) or ($0.45) 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.