ACM Government Securities Fund, Inc. Reports Fourth Quarter Earnings.NEW YORK--(BUSINESS WIRE)--February 14, 1997--ACM Government Securities Fund, Inc. (NYSE NYSE See: New York Stock Exchange : GSF GSF Gross Square Feet (architectural design and construction) GSF Genoa Social Forum (umbrella anti-G8 group) GSF GameSpy Forums GSF Government Superannuation Fund (New Zealand) ), a registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the fourth quarter ended December December: see month. 31, 1996. 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 December 31, 1996 were $771,044,231 compared with $740,355,290 on September September: see month. 30, 1996 and $729,368,384 on December 31, 1995. On December 31, 1996 the net asset value per share was $9.90 based on 77,850,706 shares of common stock outstanding.
December 31, 1996 September 30, 1996 December 31, 1995
Total Net Assets $771,044,231 $740,355,290 $729,368,384
NAV Per Share $9.90 $9.51 $9.37
Shares Outstanding 77,850,706 77,850,706 77,850,706
For the period October 1, 1996 through December 31, 1996, total net
investment income was $17,819,534 or $0.23 per share. The total net
realized and unrealized gain was $35,056,479 or $0.45 per share for
the same period.
Fourth Quarter Third Quarter Fourth Quarter
Ended Ended Ended
December 31, 1996 September 30, 1996 December 31, 1995
Total Net Investment
Income $17,819,534 $16,823,880 $20,350,358
Per Share $0.23 $0.21 $0.26
Total Net Realized/
Unrealized Gain $35,056,479 $42,935,100 $30,668,322
Per Share $0.45 $0.55 $0.39
ACM Government Securities Fund, Inc. is managed by Alliance Capital
Management L.P.
CONTACT: Shareholder Contact: 1-800-221-5672 or Media Contact Only: Duff Ferguson 212-969-1056 |
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