ACM Government Opportunity Fund, Inc. Reports First Quarter Earnings.NEW YORK--(BUSINESS WIRE)--Dec. 15, 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 registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the first quarter ended October 31, 1999. 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 October 31, 1999 were $102,132,771 compared with $101,445,211 on July 31, 1999 and $111,546,341 on October 31, 1998. On October 31, 1999 the net asset value per share was $7.81 based on 13,071,872 shares of common stock outstanding. -0-
October 31, 1999 July 31, 1999 October 31, 1998
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Total Net Assets $102,132,771 $101,445,211 $111,546,341
NAV Per Share $7.81 $7.76 $8.53
Shares Outstanding 13,071,872 13,071,872 13,071,872
For the period August 1, 1999 through October 31, 1999, total net investment income was $2,604,800 or $0.20 per share. The total net realized and unrealized gain 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. was $141,585 or $0.01 per share for the same period.
First Quarter Fourth Quarter First Quarter
Ended Ended Ended
October 31, 1999 July 31, 1999 October 31, 1998
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Total Net Investment
Income $2,604,800 $2,117,755 $1,956,546
Per Share $0.20 $0.16 $0.15
Total Net Realized/
Unrealized Gain (Loss) $141,585 ($5,845,099) $1,333,979
Per Share $0.01 ($0.45) $0.10
ACM Government Opportunity Fund, Inc. is managed by Alliance Capital Management L.P. |
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