Alliance All-Market Advantage Fund, Inc. Reports First Quarter Earnings.NEW YORK--(BUSINESS WIRE)--February 12, 1999--Alliance All-Market Advantage Fund, Inc. (NYSE NYSE See: New York Stock Exchange : AMO AMO - America's Multimedia Online ), a registered closed-end investment company closed-end investment company: see mutual fund. , today announced earnings for the first quarter ended December December: see month. 31, 1998. 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 December 31, 1998 were $107,414,622 as compared with $81,552,019 on September 30, 1998 and $76,153,421 on December 31, 1997. On December 31, 1998 the net asset value per share was $42.75 based on 2,512,661 shares outstanding. -0-
December 31, September 30, December 31,
1998 1998 1997
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Total Net Assets $107,414,622 $81,552,019 $76,153,421
NAV Per Share $42.75 $32.52 $30.40
Shares Outstanding 2,512,661 2,508,017 2,505,000
-0- For the period October 1, 1998 through December 31, 1998, total net operating loss operating loss The excess of operating expenses over revenue. As with operating income, operating losses exclude revenues and expenses from operations that are not considered a regular part of the business. Also called deficit. Compare operating income. was ($487,795) or ($0.19) 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 $28,235,538 or $11.24 per share for the same period. -0-
First Quarter Fourth Quarter First Quarter
Ended Ended Ended
December 31, September 30, December 31,
1998 1998 1997
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Total Net Investment
Operating Loss ($487,795) ($577,644) ($434,961)
Per Share ($0.19) ($0.23) ($0.17)
Total Net Realized/
Unrealized Gain (Loss) $28,235,538 ($13,113,289) ($1,601,522)
Per Share $11.24 ($5.22) ($0.64)
-0- Alliance All-Market Advantage Fund, Inc. is managed by Alliance Capital Management L.P. |
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