ACM Government Opportunity Fund, Inc. Reports Third Quarter Earnings.NEW YORK--(BUSINESS WIRE)--June 14, 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 third quarter ended April 30, 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 April 30, 1999 were $107,231,383 compared with $109,130,325 on January January: see month. 31, 1999 and $112,575,455 on April 30, 1998. On April 30, 1999 the net asset value per share was $8.20 based on 13,071,872 shares of common stock outstanding. -0-
April 30, 1999 January 31, 1999 April 30, 1998
-------------- ---------------- --------------
Total Net Assets $107,231,383 $109,130,325 $112,575,455
NAV Per Share $8.20 $8.35 $8.61
Shares Outstanding 13,071,872 13,071,872 13,071,872
For the period February 1, 1999 through April 30, 1999, total net
investment income was $2,024,982 or $0.15 per share. The total net
realized and unrealized loss was ($1,865,104) or ($0.14) per share for
the same period.
Third Quarter Second Quarter Third Quarter
Ended Ended Ended
April 30, 1999 January 31, 1999 April 30, 1998
-------------- ---------------- --------------
Total Net Investment
Income $2,024,982 $1,932,518 $1,836,167
Per Share $0.15 $0.15 $0.14
Total Net Realized/
Unrealized Gain (Loss)($1,865,104) ($2,008,654) ($2,222,828)
Per Share ($0.14) ($0.15) ($0.17)
ACM Government Opportunity Fund, Inc. is managed by Alliance Capital Management L.P. |
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