SCHEDULE 14A INFORMATION
(RULE 14a-101)
PROXY STATEMENT PURSUANT TO SECTION 14(a) OF
THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. )
Filed by the Registrant [X]
Filed by a Party other than the Registrant [_]
Check the appropriate box:
[_] | Preliminary Proxy Statement |
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| [_] | Confidential, for Use of the Commission Only (as permitted by Rule14a-6(e)(2)) |
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| [_] | Definitive Proxy Statement |
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| [X] | Definitive Additional Materials |
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| [_] | Soliciting Material Under Rule 14a-12 |
Alliance California Municipal Income Fund, Inc. |
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| (Name of Persons(s) Filing Proxy Statement, if Other Than the Registrant) |
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| Payment of Filing Fee (Check the appropriate box): |
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| [X] | No fee required. |
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| [_] | Fee computed on table below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
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| (1) | Title of each class of securities to which transaction applies: |
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| (2) | Aggregate number of securities to which transaction applies: |
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| (3) | Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): |
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| (4) | Proposed maximum aggregate value of transaction: |
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| (5) | Total fee paid: |
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| [_] | Fee paid previously with preliminary materials: |
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| [_] | Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the form or schedule and the date of its filing. |
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| (1) | Amount previously paid: |
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| (2) | Form, Schedule or Registration Statement No.: |
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IMPORTANT NOTICE REGARDING YOUR INVESTMENT IN:
ALLIANCE CALIFORNIA MUNICIPAL INCOME FUND, INC.
FINAL ADJOURNMENT – ACTION REQUIRED
VOTING HAS BEEN EXTENDED UNTIL DECEMBER 11, 2018
PLEASE VOTE THE WHITE PROXY CARD NOW!
We have contacted you multiple times regarding a stockholder meeting for Alliance California Municipal Income Fund that has been adjourned to December 11, 2018.Your vote is important no matter the number of shares you own. Please vote promptly theWHITE proxy card so that your vote can be received by the rescheduled December 11, 2018 meeting of stockholders.Vote the WHITE proxy card today!
Institutional Shareholder Services or ISS, America’s leading proxy advisory firm, recently released its voting recommendation regarding the Fund. ISS has recommended that shareholders vote WITH fund management FOR the new advisory agreements. ISS provided several reasons for its recommendation, including that the Fund has delivered positive absolute returns to its shareholders and has outperformed its peers and index.
In addition to proxy materials provided by the Fund, you may have received proxy materials with a GREEN proxy card from Bulldog Investors, Inc. As you may or may not know, Bulldog is a repeat activist investment firm, which purchases stock in closed-end funds at a discount and then launches disruptive and costly battles to agitate for actions, such as open-ending, that we believe are designed to serve its short-term interests. Using its well-worn playbook, Bulldog has recently increased its investment in the Fund apparently for the purpose of opposing approval of the new investment advisory agreements. We believe that Bulldog simply wants a quick return on its investment at the expense of long-term stockholders.We believe a vote with Bulldog will harm your investment in the Fund.
We believe the Fund in its current form has served its stockholders well since its inception in 2002 and continues to be in the best interests of all stockholders. The Fund has, for example, provided attractive monthly tax-exempt income and distributed over $107 million in tax-exempt income since its inception; and the Fund’s current yield at NAV is 3.52% as of November 14, 2018.
Protect your investment in the Fund and ensure the uninterrupted provision of advisory services to the Fund by voting theWHITE proxy card today“FOR” the proposal (at www.proxyvote.com or by telephone [800-690-6903] or by signing and returning the WHITE proxy card by mail.)No matter how many shares you own, your vote is important.
Please doNOT return theGREENproxy card. There is no need for you to do so, and it could nullify your votes cast using the WHITE proxy card. Thank you for your continued support.
| | Sincerely, |
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| | Robert M. Keith President |
