SParikh wrote: This article speaks true to the importance and capitalizing of the cloud. Me having experience dealing with cloud based tech and consulting and integration services, I realize the need for a secure and consistant cloud service. Many people are concerned with the privacy, or lack thereof, that could occur with storing personal documents into a non-physical storage unit. I can see, though with companies such as ours and Metacloud, we are working toward a more secure and easy to use cloud system for both personal and professional use.
Spursh Parikh
www.sererra.com
NEW YORK, Dec. 24, 2012 /PRNewswire/ -- Alliance New York Municipal Income Fund, Inc. (NYSE: AYN) (the "Fund") today released its monthly portfolio update as of November 30, 2012.
Alliance New York Municipal Income Fund, Inc.
Top 10 Fixed-Income Holdings
Portfolio %
1) Port Authority of NY & NJ 5.00%, 10/01/27
5.05%
2) New York St Dormitory Auth (Maimonides Med Ctr) NPFGC Series 04 5.75%, 8/01/29
4.50%
3) Erie Cnty NY Fiscal Stability Auth (Erie Cnty Ny Sales Tax) Series 2011C 5.00%, 12/01/25
4.19%
4) New York St Thruway Auth (New York St Thruway Auth Ded Tax) Series 2011A 5.00%, 4/01/25
4.15%
5) Puerto Rico Sales Tax Fin Corp. Series 2009A 5.50%, 8/01/28
3.81%
6) Tobacco Settlement Fin Corp. NY (New York St Lease Tobacco Asset Sec) AMBAC Series 03A-1 5.25%, 6/01/21
3.47%
7) New York St Envrn Fac Corp. 5.00%, 8/15/24
3.24%
8) New York St Thruway Auth (New York St Pers Income Tax) Series 2011A 5.00%, 3/15/26
3.14%
9) New York NY Trnsl Fin Auth Series 2002B 5.00%, 2/01/27
3.13%
10) New York NY Trnsl Fin Auth 5.00%, 5/01/27
3.11%
Sector/Industry Breakdown
Portfolio %
Tax Supported
Special Tax
33.42%
Local G.O.
12.58%
Tax-Supported State Lease
5.56%
State G.O.
2.32%
Assessment District
0.42%
SUBTOTAL
54.30%
Revenue
Health Care - Not-for-Profit
10.91%
Water & Sewer
10.40%
Toll Roads/Transit
8.23%
Airport
5.05%
Higher Education - Private
3.66%
Electric Utility
1.97%
Senior Living
1.69%
Industrial Development - Industry
0.47%
Industrial Development - Utility
0.21%
SUBTOTAL
42.59%
Asset-Backed
Housing - Multi-Family
1.78%
Housing - Single Family
1.18%
SUBTOTAL
2.96%
Cash Equivalents
Investment Companies
0.11%
SUBTOTAL
0.11%
Prerefunded/ETM
0.04%
Total
100.00%
State Breakdown
Portfolio %
New York
91.64%
Puerto Rico
6.48%
California
0.87%
Colorado
0.42%
Illinois
0.27%
Ohio
0.21%
Other
0.11%
Total Investments
100.00%
Credit Quality Breakdown
Portfolio %
AAA
28.76%
AA
44.83%
A
13.84%
BBB
9.95%
BB
0.47%
Not Rated
2.00%
Pre-refunded Bonds
0.04%
Short Term Investments
0.11%
Total Investments
100.00%
Portfolio Statistics:
AMT Percentage:
9.34%
Average Coupon:
5.37%
Percentage of Leverage:
Bank Borrowing:
0.00%
Investment Operations:
0.00%
Preferred Stock:
35.40%
Tender Option Bonds:
3.64%
Term Asset-Backed Loans Facility (TALF):
0.00%
Total Fund Leverage:
39.04%*
Average Effective Maturity:
6.70 Years
Effective Duration:
5.83 Years
Total Net Assets:
$115.27 Million**
Common Stock Net Asset Value:
$15.40
Number of Holdings:
68
Portfolio Turnover:
15%
* The total percentage of leverage constitutes 3.64% through the use of tender option bonds, 35.40% in issued and outstanding preferred stock and 0.00% in investment operations, which may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.
** Includes 40,800,000 of preferred stock at liquidation value.
The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.
SOURCE Alliance New York Municipal Income Fund, Inc.
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n the cloud doesn't matter whether you are running on an Open Source platform or not - it is NOT free because you pay for the service. And for long Open Source project have been funded through the services premiums that you pay. I would argue that Open Source vendors have mastered the ...
Over the weekend Barron’s put out a piece touting AMD’s chances of taking share in the mainstream server market that belongs to Intel with its SeaMicro microserver acquisition, a development that would tickle its tiny stock price, if it ever happened. But even the thought of it, althou...
Metacloud plays hardball.
It has no patience with pilots or proofs-of-concept. It’ll only do production Infrastructure-as-a-Service installations, which is kind of uppity for a start-up that only hit the radar last October – even if it did come out of the closet with an unidentified ...
Cloud computing is the game changer for the life sciences industry, according to an article on PharmaBiz.com.
Globally, pharma majors are deploying cloud technology because it provides data security, compliance and transparency, according to Vikram Anand, associate vice president, clo...
Red Hat made its power play Wednesday. One it’s been itching to make for a couple of years. One that it hopes will ultimately jam a stick through the spokes of VMware’s front wheel. And to make sure that happens it’ll be telling everybody who’ll listen that its widgetry is a third the ...
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While businesses have been deploying cloud technology for some time, it's only recently that personal cloud services have emerged. The rise of the personal cloud means conten...
