ACM Managed Dollar Income Fund, Inc. Dividend Declaration.Business Editors NEW YORK--(BUSINESS WIRE)--March 28, 2000 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. ), a closed-end management investment company, declared on this date, March 28, 2000, a monthly income dividend of $0.1000 per share of Common Stock payable on April 21, 2000 to stockholders of record at the close of business on April 7, 2000. Ex-date will be April 5, 2000. The $0.1000 per share dividend rate represents a reduction of $0.0125 per share from the Fund's previous $0.1125 monthly dividend rate. John D. Carifa, Chairman of the Fund, commented that "the dividend reduction is intended to align the Fund's monthly dividend with its current and projected 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 Managed Dollar Income Fund, Inc. is managed by Alliance Capital Management L.P. |
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