(GHI)Global High Income Dollar Fund Inc. reports earnings.NEW YORK--(BUSINESS WIRE)--Jan.2, 1996--Global High Income Dollar Fund Inc. (NYSE NYSE See: New York Stock Exchange :GHI GHI Group Health Incorporated (HMO) GHI German Historical Institute (Washington, DC) GHI Ghost Hunters International GHI Geohazards International GHI Gustav Heinemann-Initiative ), a closed-end closed-end adj. Issuing a fixed number of shares that can be traded publicly but are not redeemable by the issuer: a closed-end investment company. management investment company seeking high current income and secondarily capital appreciation primarily through investments in securities of emerging market debt issuers, today announced its performance for the period ended October 31, 1995, the fourth quarter of its 1995 fiscal year. For the fourth quarter, the Fund's earnings from net investment income were $7,815,337, equal to $0.34 per share. Net realized and unrealized gains Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. were $3,760,695, equal to $0.17 per share for the same period. This compares to earnings from net investment income of $8,113,289, equal to $0.36 per share, and net realized and unrealized gains of $7,432,983, equal to $0.33 per share for the fourth quarter ended October 31, 1994. For the twelve months ended October 31, 1995, the Fund's earnings from net investment income were $30,471,283, equal to $1.34 per share. Net realized and unrealized gains were $4,603,769, equal to $0.21 per share for the same period. This compares to net investment income of $32,536,964, equal to $1.43 per share, and net realized and unrealized losses Unrealized Loss A loss that results from holding onto an asset rather than cashing it in and officially taking the loss. Notes: Let's say you own a stock that is down 50%, but you haven't sold it to realize the loss yet. This is said to be an unrealized loss. of $(54,481,782), equal to $(2.40) per share, incurred during the twelve months ended October 31, 1994. On October 31, 1995, total net assets Net assets The difference between total assets on the one hand and current liabilities and noncapitalized long-term liabilities on the other hand. net assets See owners' equity. of the Fund were $297,087,287. The net asset value per common share was $13.07, based on 22,736,667 common shares outstanding which represents an increase of 1.87% to the net asset value per share of $12.83 based on 22,736,667 common shares outstanding on October 31, 1994. CONTACT: Linda Buckley, 201/902-5450 |
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