NEW YORK, June 23, 2017 /PRNewswire/ -- Alliance California Municipal Income Fund, Inc. (NYSE: AKP), a registered closed?end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2017.
Total net assets of the Fund* on April 30, 2017 were $158,949,582, as compared with $157,190,299 on January 31, 2017 and $165,550,453 on April 30, 2016. On April 30, 2017, the net asset value per share of common stock was $15.09 based on 8,554,668 shares of common stock outstanding.
April 30, 2017 January 31, 2017 April 30, 2016 -------------- ---------------- -------------- Total Net Assets $158,949,582 $157,190,299 $165,550,453 NAV Per Share $15.09 $14.88 $15.86 Shares Outstanding 8,554,668 8,554,668 8,554,668
For the period February 1, 2017 through April 30, 2017, total net investment income was $1,196,858 or $0.14 per share of common stock. The total net realized and unrealized gain was $1,900,771 or $0.22 per share of common stock for the same period.
Second Quarter First Quarter Second Quarter Ended Ended Ended April 30, 2017 January 31, 2017 April 30, 2016 -------------- ---------------- -------------- Total Net Investment $1,196,858 $1,393,749 $1,391,402 Income Per Share $0.14 $0.16 $0.16 Total Net Realized/ $1,900,771 ($8,217,089) $1,591,171 Unrealized Gain (Loss) Per Share $0.22 ($0.96) $0.19
* 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.