ACM Municipal Securities Income Fund, Inc. Reports Second Quarter Earnings.NEW YORK--(BUSINESS WIRE)--June 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. Municipal Securities Income Fund, Inc. (NYSE NYSE See: New York Stock Exchange : AMU amu atomic mass unit. amu abbr. atomic mass unit ), a registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the second quarter ended April 30, 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 April 30, 1999 were $234,253,315 compared with $235,649,863 on January 31, 1999 and $234,315,927 on April 30, 1998. On April 30, 1999, the net asset value per share was $13.37 based on 10,789,383 shares outstanding. -0-
April 30, 1999 January 31, 1999 April 30, 1998
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Total Net Assets $234,253,315 $235,649,863 $234,315,927
NAV Per Share $13.37 $13.52 $13.47
Shares Outstanding 10,789,383 10,770,847 10,711,752
-0- For the period February 1, 1999 through April 30, 1999, total net investment income was $3,053,497 or $0.28 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 ($3,053,497) or ($0.16) per share for the same period. -0-
Second Quarter First Quarter Second Quarter
Ended Ended Ended
April 30, 1999 January 31, 1999 April 30, 1998
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Total Net Investment
Income $3,053,497 $2,950,214 $3,075,790
Per Share 0.28 $0.27 $0.29
Total Net Realized/
Unrealized Gain (Loss) ($1,679,243) $508,703 ($1,923,982)
Per Share ($0.16) $0.05 ($0.18)
-0- ACM Municipal Securities Income Fund, Inc. is managed by Alliance Capital Management L.P. |
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