ACM MANAGED INCOME FUND, INC. REPORTS SECOND QUARTER EARNINGS.NEW YORK--(BUSINESS WIRE)--April 11, 1996--ACM Managed Income Fund, Inc. (NYSE NYSE See: New York Stock Exchange :AMF AMF ACE (Allied Command, Europe) Mobile Force AMF Autorité des Marchés Financiers (French) AMF Action Message Format AMF Arab Monetary Fund AMF Asian Monetary Fund AMF Autocrine Motility Factor ), a registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the second quarter ended February 29, 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 February 29, 1996 were $279,318,225 as compared with $279,816,426 on November 30, 1995 and $249,443,884 on February 28, 1995. On February 29, 1996 the net asset value per share was $8.65 based on 21,316,886 shares of common stock outstanding. February 29, November 30, February 28, 1996 1995 1995 Total Net Assets $279,318,225 $279,816,426 $249,443,884 NAV See navigation system and navigation bar. Per Share $8.65 $8.72 $7.44 Shares Outstanding Common 21,316,886 21,200,502 20,754,944 Remarketed Preferred 950 950 950 For the period December 1, 1995 through February 29, 1996, total net investment income was $6,531,452 or $0.31 per share. The total net realized and unrealized loss was ($1,861,801) or ($0.09) per share for the same period. Second Quarter First Quarter Second Quarter Ended Ended Ended February 29, November 30, February 28, 1996 1995 1995 Total Net Investment Income $6,531,452 $6,241,155 $6,062,269 Per Share $0.31 $0.30 $0.29 Total Net Realized/ Unrealized Gain(Loss) ($1,861,801) $10,468,235 $1,543,255 Per Share ($0.09) $0.49 $0.07 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. Managed Income Fund, Inc. is managed by Alliance Capital Management L.P. CONTACT: Media Contact: Linda Finnerty 212-969-1316 or Shareholder Contact: 1-800-221-5672 |
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