ACM Managed Dollar Income Fund, Inc. Designates Tender Offer Measurement Period.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. 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 Prospectus dated October 22, 1993, the Fund's Board of Directors has fixed the 12-week period ending Friday, February 11, 2000, as the measurement period for purposes of determining whether the Fund will conduct a tender offer for shares of its common stock. As provided in the Prospectus, and subject to the conditions and limitations described therein, the Fund will conduct an annual tender offer for its shares during the second quarter of each year if, during a 12-week period "prior to a date designated by the Directors no later than the end of the [first] calendar quarter," the Fund's shares have traded at an average discount from net asset value of 3% or more determined on the basis of the discount or premium as of the last trading day Last Trading Day The final day that a futures or options contract may trade or be closed out before delivery of the underlying asset must occur. Notes: If the buying and selling parties do not arrange an alternate agreement, the physical commodity must be delivered from in each week during the 12-week period. As of the close of trading on November 12, 1999, the Fund's shares were trading at a premium to net asset value of 9.60%. The Fund is a non-diversified, closed-end U.S. registered management investment company whose investment adviser is Alliance Capital Management L.P. |
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