ACM Managed Dollar Income Fund, Inc. reports third quarter earnings.NEW YORK--(BUSINESS WIRE)--August 14, 1996: 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 registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the third quarter ended June 30, 1996. 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 June 30, 1996 were $331,870,464 as compared with $313,084,521 on March 31, 1996 and $278,364,472 on June 30, 1995. On June 30, 1996 the net asset value per share was $11.72 based on 28,325,009 shares outstanding. June 30, 1996 March 31,1996 June 30, 1995 Total Net Assets $331,870,464 $313,084,521 $278,364,472 NAV See navigation system and navigation bar. Per Share $11.72 $11.05 $9.83 Shares Outstanding 28,325,009 28,325,009 28,325,009 For the period April 1, 1996 through June 30, 1996, total net investment income was $9,277,654 or $0.33 per share.The total net realized and unrealized gain was $18,430,590 or $0.65 per share for the same period. Third Quarter Second Quarter Third Quarter Ended Ended Ended June 30, 1996 March 31, 1996 June 30, 1995 Total Net Investment Income $9,277,654 $8,362,759 $9,488,283 Per Share $0.33 $0.29 $0.34 Total Net Realized/ Unrealized Gain $18,430,591 $1,776,275 $42,761,927 Per Share $0.65 $0.06 $1.51 ACM Managed Dollar Income Fund, Inc. is managed by Alliance Capital Management L.P. CONTACT: Media: Linda Finnerty, 212-969-1316 Shareholder Contact:1-800-221-5672 |
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