NEW YORK, June 26 /PRNewswire-FirstCall/ -- Alliance New York Municipal Income Fund, Inc. (NYSE:AYN), a registered closed-end investment company, today announced earnings for the Fund's second fiscal quarter ended April 30, 2009. Total net assets of the Fund* on April 30, 2009 were $107,179,743, as compared with $105,071,896 on January 31, 2009 and $115,388,887 on April 30, 2008. On April 30, 2009, the net asset value per share of common stock was $13.75 based on 4,826,667 shares of common stock outstanding. April 30, 2009 January 31, 2009 April 30, 2008 -------------- ---------------- -------------- Total Net Assets $107,179,743 $105,071,896 $115,388,887 NAV Per Share $13.75 $13.32 $14.58 Shares Outstanding 4,826,667 4,826,667 4,826,667 For the period February 1, 2009 through April 30, 2009, total net investment income was $1,148,986 or $0.24 per share of common stock. The total net realized and unrealized gain was $1,968,094 or $0.41 per share of common stock for the same period. Second Quarter First Quarter Second Quarter Ended Ended Ended April 30, 2009 January 31, 2009 April 30, 2008 -------------- ---------------- -------------- Total Net Investment Income $1,148,986 $1,206,284 $1,182,734 Per Share $0.24 $0.25 $0.25 Total Net Realized/ Unrealized Gain/(Loss) $1,968,094 $2,383,112 ($2,055,929) Per Share $0.41 $0.49 ($0.43) * 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. DATASOURCE: Alliance New York Municipal Income Fund, Inc. CONTACT: Shareholder Contact, 1-800-221-5672, for Alliance New York Municipal Income Fund, Inc.

Copyright