ACM Managed Income Fund, Inc. Reports Second Quarter Earnings.NEW YORK--(BUSINESS WIRE)--April 14, 1999-- 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 registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the second quarter ended February 28, 1999. 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 February 28, 1999 were $268,197,826 as compared with $293,250,271 on November 30, 1998 and $311,085,923 on February 28, 1998. On February 28, 1999 the net asset value per share was $7.59 based on 22,818,226 shares of common stock outstanding. -0-
Feb. 28, 1999 Nov. 30, 1998 Feb. 28, 1998
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Total Net Assets $268,197,826 $293,250,271 $311,085,923
NAV Per Share $7.59 $8.82 $9.73
Shares Outstanding
Common 22,818,226 22,468,024 22,218,360
Remarketed Preferred 950 950 950
For the period December 1, 1998 through February 28, 1999, total net investment income was $6,777,280 or $0.30 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 ($19,025,210) or ($0.83) per share for the same period. -0-
Second Quarter First Quarter Second Quarter
Ended Ended Ended
Feb. 28, 1999 Nov. 30, 1998 Feb. 28, 1998
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Total Net
Investment Income $6,777,280 $6,902,515 $7,203,802
Per Share $0.30 $0.31 $0.32
Total Net Realized/
Unrealized Gain/(Loss)($19,025,210) ($4,315,266) $5,376,400
Per Share ($0.83) ($0.19) $0.24
ACM Managed Income Fund, Inc. is managed by Alliance Capital Management L.P. |
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