ACM Managed 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 Income Fund, Inc. (NYSE NYSE See: New York Stock Exchange : AMF AMF ACE (Allied Command, Europe) Mobile Force AMF Autorité des Marchés Financiers (French) AMF Action Message Format AMF Arab Monetary Fund AMF Asian Monetary Fund AMF Autocrine Motility Factor ), a closed-end management investment company, declared on this date, March 28, 2000, a monthly income dividend of $0.070 per share of Common Stock, payable on April 21, 2000 to shareholders of record at the close of business on April 7, 2000. Ex-date will be April 5, 2000. The $0.070 per share dividend rate represents a reduction of $0.015 per share from the Fund's previous $0.085 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 Income Fund, Inc. is managed by Alliance Capital Management L.P. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion