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

From the Wires

Dec. 28, 2012 04:06 PM

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.

Published Dec. 28, 2012— Reads 154
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