ACM Managed Income Fund, Inc. reports fourth quarter earnings.NEW YORK--(BUSINESS WIRE)--October 15, 1996--ACM 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 fourth quarter ended August 31, 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 August 31, 1996 were $275,247,927 as compared with $272,945,888 on May 31, 1996 and $266,568,999 on August 31, 1995. On August 31, 1996 the net asset value per share was $8.36 based on 21,552,979 shares of common stock outstanding. August 31, 1996 May 31, 1996 August 31, 1995 Total Net Assets $275,247,927 $272,945,888 $266,568,999 NAV See navigation system and navigation bar. Per Share $8.36 $8.30 $8.14 Shares Outstanding Common 21,552,979 21,435,311 21,072,987 Remarketed Preferred 950 950 950 For the period June 1, 1996 through August 31, 1996, total net investment income was $6,407,546 or $0.29 per share. The total net realized and unrealized gain Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. was $115,589 or $0.01 per share for the same period. Fourth Quarter Third Quarter Fourth Quarter Ended Ended Ended August 31, 1996 May 31, 1996 August 31, 1995 Total Net Investment Income $6,407,546 $6,503,249 $6,386,210 Per Share $0.29 $0.30 $0.30 Total Net Realized/ Unrealized Gain $115,589 ($8,001,556) ($580,804) Per Share $0.01 ($0.37) ($0.03)
ACM Managed Income Fund, Inc. is managed by Alliance Capital
Management L.P.
CONTACT: Alliance Caoital Management L.P. Linda Finnerty, 212-969-1316 |
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