ACM Managed Dollar Income Fund, Inc. Reports Fourth Quarter Earnings.NEW YORK--(BUSINESS WIRE)--Nov. 13, 1998--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. ), a registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the fourth quarter ended September 30, 1998. 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 September 30, 1998 were $176,920,367 as compared with $272,943,077 on June 30, 1998 and $336,514,441 on September 30, 1997. On September 30, 1998 the net asset value per share was $8.18 based on 21,622,359 shares outstanding.
September June September
30, 1998 30, 1998 30, 1997
Total Net Assets $176,920,367 $272,943,077 $336,514,441
NAV Per Share $8.18 $12.66 $15.84
Shares Outstanding 21,622,359 21,557,073 21,243,756
For the period July 1, 1998 through September 30, 1998, total net investment income was $7,032,214 or $0.32 per share. The total net realized and unrealized loss Unrealized Loss A loss that results from holding onto an asset rather than cashing it in and officially taking the loss. Notes: Let's say you own a stock that is down 50%, but you haven't sold it to realize the loss yet. This is said to be an unrealized loss. was ($94,003,773) or ($4.35) per share for the same period.
Fourth Quarter Third Quarter Fourth Quarter
Ended Ended Ended
September June September
30, 1998 30, 1998 30, 1997
Total Net Investment
Income $7,032,214 $7,466,110 $8,307,235
Per Share $0.32 $0.35 $0.39
Total Net Realized/
Unrealized Gain (Loss) ($94,003,773) ($30,105,427) $21,251,165
Per Share ($4.35) ($1.40) $1.00
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. is managed by Alliance Capital Management L.P. |
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