ACM Managed Dollar Income Fund, Inc. reports second quarter earnings.NEW YORK--(BUSINESS WIRE)--May 15, 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. ), a registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the second quarter ended March 31, 1997. 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 March 31, 1997 were $380,077,219 as compared with $390,119,301 on December 31, 1996 and $313,084,521 on March 31, 1996. On March 31, 1997 the net asset value per share was $13.42 based on 28,325,009 shares outstanding. March 31, 1997 December 31,1996 March 31, 1996 Total Net Assets $380,077,219 $390,119,301 $313,084,521 NAV See navigation system and navigation bar. Per Share $13.42 $13.77 $11.05 Shares Outstanding 28,325,009 28,325,009 28,325,009 For the period January 1, 1997 through March 31, 1997, total net investment income was $9,977,133 or $0.36 per share. The total net realized and unrealized loss was $(13,292,225) or $(0.47) per share for the same period. Second Quarter First Quarter Second Quarter Ended Ended Ended March 31, 1997 December 31, 1996 March 31, 1996 Total Net Investment Income $9,977,133 $9,907,515 $8,362,759 Per Share $0.36 $0.35 $0.29 Total Net Realized Unrealized Gain (Loss) $(13,292,225) $20,995,650 $1,776,275 Per Share $(0.47) $0.74 $0.06 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. CONTACT: Shareholder Contact: 1-800-221-5672 Media Contact Only: Duff Ferguson 212-969-1056 |
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