ALLIANCE WORLD DOLLAR GOVERNMENT FUND, INC. ANNOUNCES TERMS OF RIGHTS OFFERING.NEW YORK--(BUSINESS WIRE)--May 17, 1996--The Board of Directors of Alliance World Dollar Government Fund, Inc. (NYSE NYSE See: New York Stock Exchange : AWG (American Wiring Gauge) A U.S. measurement standard of the diameter of non-ferrous wire, which includes copper and aluminum. In general, the thicker the wire, the greater the current-carrying capacity and the longer the distance it can span. ) today announced the Fund's intention to conduct a non-transferable rights offering. The offering itself will be made only by means of a prospectus. The purpose of the offering is to increase the assets of the Fund available for investment, enabling the Fund to take better advantage of attractive additional investment opportunities that the Fund's Adviser believes are available in the sovereign debt obligations of emerging market nations. Pursuant to the offering, the Fund will issue to shareholders of record on the record date one non-transferable right for each share of common stock held. Three rights will entitle en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: the holder to purchase one share of common stock at the subscription price. The subscription price will be either 90% or 95%, as to be determined later determined by the Pricing Committee of the Board of Directors, of the lower of (1) the average of the last reported sales price of a share of the Fund's Common Stock on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. on the date of the expiration EXPIRATION. Cessation; end. As, the expiration of, a lease, of a contract, or statute. 2. In general, the expiration of a contract puts an end to all the engagements of the parties, except to those which arise from the non- fulfillment of obligations created of the offer (the "Pricing Date") and on the four preceding business days, and (2) the net asset value per share as of the close of business on the Pricing Date. Shareholders of record who exercise all rights issued to them will be entitled en·ti·tle tr.v. en·ti·tled, en·ti·tling, en·ti·tles 1. To give a name or title to. 2. To furnish with a right or claim to something: to subscribe for additional shares at the subscription price pursuant to an over-subscription privilege. If sufficient shares are not available to honor As a verb, to accept a bill of exchange, or to pay a note, check, or accepted bill, at maturity. To pay or to accept and pay, or, where a credit so engages, to purchase or discount a draft complying with the terms of the draft. all of these requests, the Fund may, at its discretion, issue additional shares (in an amount up to 25% of the shares that were available in the primary offering) to cover such requests. If over- subscriptions exceed the number of shares available, the shares available will be allocated among those who over-subscribed based on the number of shares owned by them on the record date. The record date for the rights offering will be June 21, 1996. The proposed subscription period is currently anticipated to expire expire /ex·pire/ (ek-spi´er) 1. to exhale. 2. to die. ex·pire v. 1. To breathe one's last breath; die. 2. To exhale. on July 19, 1996. The Fund expects that subscription forms, together with the prospectus, will be mailed to record date shareholders within three business days following the record date. Shareholders who hold their shares in bank or broker name will receive the rights offering materials from their bank or broker. A definitive announcement of the commencement of the offering, the record date and the formula for determining the subscription price will be made through a prospectus as well as the public media. Shareholders should be alert to these subsequent announcements. Shareholders who have questions regarding the rights offering should contact the Information Agent of this offering, Shareholder Communications Corporation at 800-733-8481, Extension 347. A registration statement relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy may be accepted prior to the time the registration statement becomes effective. The above shall not constitute an offer to sell or the solicitation solicitation In criminal law, the act of asking, inducing, or directing someone to commit a crime. The person soliciting another becomes an accomplice to the crime. The term also refers to the act of obtaining bribes, as well as to the crime of a prostitute who offers sexual of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. CONTACT: Media: Linda Finnerty (212) 969-1316 or Shareholders: Shareholders Communication Corp. (800) 733-8481, Ext. 347 |
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