Alliance California Municipal Income Fund Inc ( AKP ) reported a decline in net assets and an increase in net asset value per share in its third quarter earnings report, which came out Friday afternoon.
The investment firm said as of July 31, there was $168,390,194 in total net assets versus the same period in 2015, which saw $198,816,763 in net assets. The company saw a slight gain in net asset value per share when it climbed to $16.19 from $14.76 during the same period last year. During the quarter, the fund brought in a total realized and unrealized income of $2,971,815, or $0.35 per share.
Shares for Alliance California were last down 0.21% at the close of trading Friday afternoon.
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