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Alliance New York Municipal Income Fund, Inc. Reports Fourth Quarter Earnings

NEW YORK, Dec. 28, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN), a registered closed‑end investment company, today announced earnings for the Fund's fourth fiscal quarter ended October 31, 2012.

Total net assets of the Fund* on October 31, 2012 were $113,286,760, as compared with $113,538,045 on July 31, 2012 and $110,405,791 on October 31, 2011.  On October 31, 2012, the net asset value per share of common stock was $14.99 based on 4,835,496 shares of common stock outstanding.


October 31, 2012

July 31, 2012

October 31, 2011





Total Net Assets

$113,286,760

$113,538,045

$110,405,791

NAV Per Share

$14.99

$15.05

$14.42

Shares Outstanding

4,835,496

4,833,207

4,828,621

For the period August 1, 2012 through October 31, 2012 total net investment income was $823,472 or $0.17 per share of common stock. The total net realized and unrealized loss was $(98,303) or ($0.02) per share of common stock for the same period.


Fourth quarter

Ended

October 31, 2012

Third quarter

Ended

July 31, 2012

Fourth Quarter

Ended

October 31, 2011





Total Net Investment      

  Income

$823,472

 

$913,159

 

$1,107,810

Per Share

$0.17

$0.19

$0.23

Total Net Realized/

  Unrealized Gain/(Loss)

($98,303)

 

$1,340,597

 

($30,298)

Per Share

($0.02)

$0.28

($0.01)

* Total net assets include assets attributable to both common and preferred shares.

Alliance New York Municipal Income Fund, Inc. is managed by AllianceBernstein L.P.

SOURCE Alliance New York Municipal Income Fund, Inc.

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