ACM Government Securities Fund, Inc. Reports Second Quarter Earnings.NEW YORK--(BUSINESS WIRE)--Aug. 13, 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 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 second quarter ended June 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 June 30, 1999 were $616,894,304 compared with $638,591,253 on March 31, 1999 and $773,101,355 on June 30, 1998. On June 30, 1999 the net asset value per share was $7.90 based on 78,071,925 shares of common stock outstanding. -0-
June 30, 1999 March 31, 1999 June 30, 1998
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Total Net Assets $616,894,304 $638,591,253 $773,101,355
NAV Per Share $7.90 $8.19 $9.93
Shares Outstanding 78,071,925 77,996,425 77,850,706
For the period April 1, 1999 through June 30, 1999, total net investment income was $16,040,633 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 ($20,784,908) or ($0.27) per share for the same period.
Second Quarter First Quarter Second Quarter
Ended Ended Ended
June 30, 1999 March 31, 1999 June 30, 1998
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Total Net
Investment Income $16,040,633 $14,997,928 $17,102,636
Per Share $0.21 $0.19 $0.22
Total Net Realized/
Unrealized (Loss) ($20,784,908) ($40,795,725) ($48,864,733)
Per Share ($0.27) ($0.52) ($0.60)
ACM Government Securities Fund, Inc. is managed by Alliance Capital Management L.P. |
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