Alliance California Municipal Income Fund, Inc. Reports Second Quarter Earnings

NEW YORK, June 26 /PRNewswire-FirstCall/ -- Alliance California Municipal
Income Fund, Inc. (NYSE: AKP), 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 $184,866,062, as compared
with $180,885,291 on January 31, 2009 and $205,791,863 on April 30, 2008. On
April 30, 2009, the net asset value per share of common stock was $13.16 based
on 8,536,533 shares of common stock outstanding.

April 30, 2009 January 31, 2009 April 30, 2008
-------------- ---------------- --------------

Total Net Assets $184,866,062 $180,885,291 $205,791,863
NAV Per Share $13.16 $12.69 $14.62
Shares Outstanding 8,536,533 8,536,533 8,536,533

For the period February 1, 2009 through April 30, 2009, total net investment
income was $2,076,481, or $0.24 per share of common stock. The total net
realized and unrealized gain was $3,821,687, or $0.45 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 $2,076,481 $2,208,914 $2,165,324
Per Share $0.24 $0.26 $0.25
Total Net Realized/
Unrealized Gain/(Loss) $3,821,687 $593,032 ($3,571,484)
Per Share $0.45 $0.07 ($0.42)

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

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

SOURCE Alliance California Municipal Income Fund, Inc.

Shareholder Contact, +1-800-221-5672, for Alliance California Municipal Income
Fund, Inc.