ACM Managed Dollar Income Fund, Inc. Announces Results Of Tender Offer.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , NY--(BUSINESS WIRE)--June 12, 1997--ACM Managed Dollar Income Fund, Inc. (NYSE NYSE See: New York Stock Exchange :ADF (1) (Application Development Facility) An IBM programmer-oriented mainframe application generator that runs under IMS. (2) (Automatic Document Feeder) A paper stacker that feeds one sheet of paper at a time into the unit. ) (the "Fund") announced today that in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with its tender offer for up to 7,081,253 of its shares of common stock which expired on June 5, 1997, the Fund has accepted that number of shares for payment tomorrow at $14.49 per share. These shares represent approximately 25% of the Fund's outstanding shares. A total of 7,512,641 shares were properly tendered and not withdrawn by June 10, 1997, the final date for withdrawals. Therefore, on a pro rated basis, 94.26% of the shares so tendered by each tendering stockholder have been accepted for payment. The purpose of the tender offer was to fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. an undertaking made in connection with the initial public offering of the Fund's shares. The Fund is a non-diversified, closed-end U.S. registered management investment company whose investment adviser is Alliance Capital Management L.P. The Fund invests substantially all of its assets in U.S. and non-U.S. fixed income securities denominated in U.S. dollars with the primary investment objective of high current income and a secondary investment objective of capital appreciation. CONTACT: Shareholder Contact: 1-800-219-4218 or Media Contact Only: Duff Ferguson 212-969-1056 |
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