ACM Government Opportunity Fund, Inc. Dividend Increase.NEW YORK--(BUSINESS WIRE)--Nov. 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 management investment company, declared on this date, November 17, 1999, a monthly income dividend of $0.0600 per share of Common Stock payable on December 17, 1999 to stockholders of record at the close of business on December 3, 1999. Ex-date will be December 1, 1999. The $0.0600 per share dividend rate represents an increase of $0.0075 per share from the $0.0525 per share monthly dividend rate which the Fund has maintained for a number of years. John D. Carifa, Chairman of the Board of the Fund, said that "this dividend increase will allow the Fund's monthly distribution rate to more fully reflect its current earning power Earning power Earnings before interest and taxes (EBIT) divided by total assets. earning power 1. The earnings that an asset could produce under optimal conditions. For example, AT&T may currently be earning $2. ." ACM Government Opportunity Fund, Inc. is managed by Alliance Capital Management L.P. |
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