ACM Municipal Securities Income Fund, Inc. Reports Third Quarter Earnings.NEW YORK--(BUSINESS WIRE)--Sept. 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 third quarter ended July July: see month. 31, 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 July 31, 1999 were $228,620,249 compared with $234,253,315 on April 30, 1999 and $235,103,506 on July 31, 1998. On July 31, 1999, the net asset value per share was $12.83 based on 10,808,399 shares outstanding. -0-
July 31, 1999 April 30, 1999 July 31, 1998
------------- -------------- -------------
Total Net Assets $228,620,249 $234,253,315 $235,103,506
NAV Per Share $12.83 $13.37 $13.52
Shares Outstanding 10,808,399 10,789,383 10,732,090
For the period May 1, 1999 through July 31, 1999, total net
investment income was $3,017,184 or $0.28 per share. The total net
realized and unrealized loss was ($5,800,620) or ($0.54) per share for
the same period.
Third Quarter Second Quarter Third Quarter
Ended Ended Ended
July 31, 1999 April 30, 1999 July 31, 1998
------------- -------------- -------------
Total Net Investment
Income $3,017,184 $3,053,497 $3,230,017
Per Share $0.28 $0.28 $0.30
Total Net Realized/
Unrealized
Gain (Loss) ($5,800,620) ($1,679,243) $462,972
Per Share ($0.54) ($0.16) $0.04
ACM Municipal Securities Income Fund, Inc. is managed by Alliance Capital Management L.P. |
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