Alliance All-Market Advantage Fund, Inc. Restates Third and Fourth Quarter Earnings.NEW YORK--(BUSINESS WIRE)--Dec. 4, 1998--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. , announced today that it is restating its third and fourth quarter earnings as originally released on August 14, 1998 and November 13, 1998, respectively, to reflect small adjustments occasioned by correction of the valuation of a certain portfolio security. These adjustments are reflected below. 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 September 30, 1998 were $81,552,019 as compared with $97,580,326 on June 30, 1998 and $84,477,454 on September 30, 1997. On September 30, 1998 the net asset value per share was $32.52 based on 2,508,017 shares outstanding.
September 30, 1998 June 30, 1998 September 30, 1997
Total Net Assets $81,552,019 $97,580,326 $84,477,454
NAV Per Share $32.52 $38.95 $33.72
Shares Outstanding 2,508,017 2,505,000 2,505,000
For the period July 1, 1998 through September 30, 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 ($577,644) or ($0.23) per share. The total net realized and unrealized loss Unrealized Loss A loss that results from holding onto an asset rather than cashing it in and officially taking the loss. Notes: Let's say you own a stock that is down 50%, but you haven't sold it to realize the loss yet. This is said to be an unrealized loss. was $13,113,289 or $5.23 per share for the same period.
Fourth Quarter Third Quarter Fourth Quarter
Ended Ended Ended
September 30, June 30, September 30,
1998 1998 1997
Total Net Operating
Loss ($577,644) ($509,506) ($514,879)
Per Share ($0.23) ($0.21) ($0.21)
Total Net Realized/
Unrealized Gain
(Loss) ($13,113,289) $9,660,643 $12,387,455
Per Share ($5.22) $3.86 $4.94
Alliance All-Market Advantage Fund, Inc. is managed by Alliance Capital Management L.P. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion