Alliance All-Market Advantage Fund, Inc. Reports Second Quarter Earnings.NEW YORK--(BUSINESS WIRE)--May 14, 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 second quarter ended March 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 March 31, 1999 were $118,471,172 as compared with $107,414,622 on December 31, 1998 and $90,696,967 on March 31, 1998. On March 31, 1999 the net asset value per share was $47.09 based on 2,515,686 shares outstanding. -0-
March 31, 1999 December 31, 1998 March 31, 1998
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Total Net Assets $118,471,172 $107,414,622 $90,696,967
NAV Per Share $47.09 $42.75 $36.21
Shares Outstanding 2,515,686 2,512,661 2,505,000
For the period January 1, 1999 through March 31, 1999, 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 ($544,107) or ($0.22) 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 $14,153,513 or $5.63 per share for the same period. -0-
Second Quarter First Quarter Second Quarter
Ended Ended Ended
March 31, 1999 Dec. 31, 1998 March 31, 1998
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Total Net Investment
Loss ($544,107) ($487,795) ($410,540)
Per Share ($0.22) ($0.19) ($0.16)
Total Net Realized/
Unrealized Gain (Loss) $14,153,513 $28,235,538 $16,857,887
Per Share $5.63 $11.24 $6.73
Alliance All-Market Advantage Fund, Inc. is managed by Alliance Capital Management L.P. |
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