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.