ACM Government Opportunity Fund, Inc. Reports Second Quarter Earnings.Business Editors NEW YORK--(BUSINESS WIRE)--March 16, 2000 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 second quarter ended January 31, 2000. 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 January 31, 2000 were $100,746,325 compared with $102,132,771 on October 31, 1999 and $109,130,325 on January 31, 1999. On January 31, 2000 the net asset value per share was $7.72 based on 13,058,472 shares of common stock outstanding.
January 31, 2000 October 31, 1999 January 31, 1999
---------------- ---------------- ----------------
Total Net Assets $100,746,325 $102,132,771 $109,130,325
NAV Per Share $7.72 $7.81 $8.35
Shares Outstanding 13,058,472 13,071,872 13,071,872
For the period November 1, 1999 through January 31, 2000, total net investment income was $2,692,397 or $0.21 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 ($1,499,744) or ($0.11) per share for the same period.
Second Quarter First Quarter Second Quarter
Ended Ended Ended
January 31, 2000 October 31, 1999 January 31, 1999
---------------- ---------------- ----------------
Total Net Investment
Income $2,692,397 $2,604,800 $1,932,518
Per Share $0.21 $0.20 $0.15
Total Net Realized/
Unrealized Gain (Loss) ($1,499,744) $141,585 ($2,008,654)
Per Share ($0.11) $0.01 ($0.15)
ACM Government Opportunity Fund, Inc. is managed by Alliance Capital Management L.P. |
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