ACM GOVERNMENT SPECTRUM FUND, INC. REPORTS SECOND QUARTER EARNINGS.NEW YORK--(BUSINESS WIRE)--August 14, 1996--ACM Government Spectrum Fund, Inc. (NYSE NYSE See: New York Stock Exchange :SI), a registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the second quarter ended June June: see month. 30, 1996. 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 June 30, 1996 were $256,388,289 compared with $260,674,204 March 31, 1996 and $262,688,190 on June 30, 1995. On June 30, 1996 the net asset value per share was $6.92 based on 37,028,027 shares of common stock outstanding. -0-
June 30, 1996 March 31, 1996 June 30, 1995
Total Net Assets $256,388,289 $260,674,204 $262,688,190 NAV per Share $6.92 $7.04 $7.09 Shares Outstanding 37,028,027 37,028,027 37,028,027 For the period April 1, 1996 through June 30, 1996, total net investment income was $5,357,684 or $0.14 per share. The total net realized and unrealized loss 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. was ($3,256,385) or ($0.09) per share for the same period.
Second Quarter First Quarter Second Quarter
Ended Ended Ended
June 30, 1996 March 31, 1996 June 30, 1995
Total Net Investment Income $5,357,684 $5,317,752 $5,886,690 Per Share $0.14 $0.14 $0.15 Total Net Realized/ Unrealized Gain (Loss) ($3,256,385) ($14,339,322) $22,090,914 Per Share ($0.09) ($0.38) $0.60 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 Spectrum Fund, Inc. is managed by Alliance Capital Management L.P. CONTACT: Media Contact: Linda Finnerty 212-969-1316 or Shareholder Contact: 1-800-221-5672 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion