ACM Managed Income Fund reports third quarter earnings.NEW YORK--(BUSINESS WIRE)--July 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 third quarter ended May 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 May 31, 1996 were $272,945,888 as compared with $279,318,225 on February 29, 1996 and $266,702,838 on May 31, 1995. On May 31, 1996 the net asset value per share was $8.30 based on 21,435,311 shares of common stock outstanding. May 31, 1996 Feb. 29, 1996 May 31, 1995 Total Net Assets $272,945,888 $279,318,225 $266,702,838 NAV See navigation system and navigation bar. Per Share $8.30 $8.65 $8.21 Shares Outstanding Common 21,435,311 21,316,886 20,925,937 Remarketed Preferred 950 950 950 For the period March 1, 1996 through May 31, 1996, total net investment income was $6,503,249 or $0.30 per share. The total net realized and unrealized loss was ($8,001,556) or ($0.37) per share for the same period. Third Quarter Second Quarter Third Quarter Ended Ended Ended May 31, 1996 Feb. 29, 1996 May 31, 1995 Total Net Investment Income $6,503,249 $6,531,452 $6,244,421 Per Share $0.30 $0.31 $0.30 Total Net Realized/ Unrealized Gain (Loss) ($8,001,556) ($1,861,801) $16,897,669 Per Share ($0.37) ($0.09) $0.81 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. is managed by Alliance Capital Management L.P. CONTACT: Linda Finnerty 212-969-1316 Shareholder Contact: 800/-221-5672 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion