ACM GOVERNMENT SECURITIES FUND, REPORTS FOURTH QUARTER EARNINGS.NEW YORK--(BUSINESS WIRE)--Feb. 14, 1996--ACM Government Securities Fund, Inc. (NYSE NYSE See: New York Stock Exchange : GSF GSF Gross Square Feet (architectural design and construction) GSF Genoa Social Forum (umbrella anti-G8 group) GSF GameSpy Forums GSF Government Superannuation Fund (New Zealand) ), a registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the fourth quarter ended December 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 on December 31, 1995 were $729,368,384 compared with $697,422,914 on September 30, 1995 and $630,520,372 on December 31, 1994. On December 31, 1995 the net asset value per share was $9.37 based on 77,850,706 shares of common stock outstanding. Dec. 31, 1995 Sept. 30, 1995 Dec. 31, 1994 Total Net Assets $729,368,384 $697,422,914 $630,520,372 NAV See navigation system and navigation bar. Per Share $9.37 $8.96 $8.13 Shares Outstanding 77,850,706 77,850,706 77,550,182 For the period October 1, 1995 through December 31, 1995, total net investment income was $20,350,358 or $0.26 per share. The total net realized and unrealized gain was $ 30,668,322 or $0.39 per share for the same period. Fourth Quarter Third Quarter Fourth Quarter Ended Ended Ended Dec. 31, 1995 Sept. 30, 1995 Dec. 31, 1994 Total Net Investment Income $20,350,358 $19,530,267 $17,463,502 Per Share $0.26 $0.25 $0.22 Total Net Realized/ Unrealized Gain (Loss) $30,668,322 $17,399,426 ($50,781,332) Per Share $0.39 $0.23 ($0.66) ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. Government Securities Fund, Inc. is managed by Alliance Capital Management L.P. CONTACT: Media Contact Linda Finnerty 212/969-1316 or Shareholder Contact: 800/221-5672 |
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