Alliance All-Market Advantage Fund, Inc. Reports Third Quarter Earnings.NEW YORK--(BUSINESS WIRE)--Aug. 13, 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 third quarter ended June 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 June 30, 1999 were $121,106,590 as compared with $118,471,172 on March 31, 1999 and $98,474,926 on June 30, 1998. On June 30, 1999 the net asset value per share was $48.14 based on 2,515,754 shares outstanding. -0-
June 30, 1999 March 31, 1999 June 30, 1998
------------ ------------ -----------
Total Net Assets $121,106,590 $118,471,172 $98,474,926
NAV Per Share $48.14 $47.09 $39.31
Shares Outstanding 2,515,754 2,515,686 2,505,000
For the period April 1, 1999 through June 30, 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 ($628,077) or ($0.25) 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 $6,222,251 or $2.47 per share for the same period.
Third Quarter Second Quarter Third Quarter
Ended Ended Ended
June 30, 1999 March 31, 1999 June 30, 1998
------------ ------------ -----------
Total Net
Operating (Loss) ($628,077) ($544,107) ($509,506)
Per Share ($0.25) ($0.22) ($0.20)
Total Net Realized/
Unrealized Gain $6,222,251 $14,153,513 10,555,243
Per Share $2.47 $5.63 $4.21
Alliance All-Market Advantage Fund, Inc. is managed by Alliance Capital Management L.P. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion