ACM Government Opportunity Fund, Inc. Dividend Declaration.NEW YORK--(BUSINESS WIRE)--Dec. 17, 1999-- 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 Opportunity Fund, Inc. (NYSE NYSE See: New York Stock Exchange :AOF AOF Academy Of Finance (New York State Department of Education) AOF Afrique Occidentale Française (French) AOF Avon Old Farms (Avon, CT school) ), 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, declared on this date, December 17, 1999 a monthly income dividend of $0.0175 per share of Common Stock, payable on January 21, 2000 to shareholders of record at the close of business on December 30, 1999. Ex-date Ex-Date The date on or after which a security is traded without a previously declared dividend or distribution. After the ex-date, a stock is said to trade ex-dividend. Notes: will be December 28, 1999. The dividend is deemed to be received by shareholders in 1999 for federal income tax purposes. This represents partial payment of the January 2000 dividend, which will total $0.060 per share.(a) The Fund has also declared on this date, December 17, 1999, a capital gains distribution totaling $0.0175, consisting entirely of a long-term capital gain Long-term capital gain A profit on the sale of a security or mutual fund share that has been held for more than one year. (20% maximum rate), payable on January 21, 2000 to stockholders of record at the close of business on December 30, 1999. Ex-date will be December 28, 1999. ACM Government Opportunity Fund, Inc. is managed by Alliance Capital Management L.P. (a) This January dividend will be distributed in two separate amounts which will total $0.060 per share. Both parts of the dividend will be payable on January 21, 2000. So as not to disrupt shareholder's regular income flow from the Fund, the combined dividend per share of the two separate payments will equal what shareholders would normally expect to receive monthly from the Fund. The portion of the dividend taxable in 1999, declared today, will be paid to shareholders of record at the close of business on December 30, 1999. The portion of the dividend taxable in 2000 will also be paid to shareholders of record at the close of business on January 7, 2000. |
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