ACM Government Spectrum Fund, Inc. Dividend Increase.NEW YORK--(BUSINESS WIRE)--Nov. 17, 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 Spectrum Fund, Inc. (NYSE NYSE See: New York Stock Exchange : SI), a closed-end management investment company, declared on this date, November 17, 1999, a monthly income dividend of $0.0500 per share of Common Stock payable on December 17, 1999 to stockholders of record at the close of business on December 3, 1999. Ex-date Ex-Date The date on or after which a security is traded without a previously declared dividend or distribution. After the ex-date, a stock is said to trade ex-dividend. Notes: will be December 1, 1999. The $0.0500 per share dividend rate represents an increase of $0.0050 per share from the $0.0450 per share monthly dividend rate which the Fund has maintained since March 1998. John D. Carifa, Chairman of the Board of the Fund, said that "this dividend increase will allow the Fund's monthly distribution rate to more fully reflect its current earning power Earning power Earnings before interest and taxes (EBIT) divided by total assets. earning power 1. The earnings that an asset could produce under optimal conditions. For example, AT&T may currently be earning $2. ." ACM Government Spectrum Fund, Inc. is managed by Alliance Capital Management L.P. |
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