Alliance All-Market Advantage Fund, Inc. reports second quarter earnings.NEW YORK--(BUSINESS WIRE)--May 15, 1997--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, 1997. 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, 1997 were $61,341,488 as compared with $61,728,695 on December 31, 1996 and $56,661,947 on March 31, 1996. On March 31, 1997 the net asset value per share was $24.49 based on 2,505,000 shares outstanding. March 31, 1997 December 31, 1996 March 31, 1996 Total Net Assets $61,341,488 $61,728,695 $56,661,947 NAV See navigation system and navigation bar. Per Share $24.49 $24.64 $22.62 Shares Outstanding 2,505,000 2,505,000 2,505,000 For the period January 1, 1997 through March 31, 1997, 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 $(300,324) or $(.12) per share. The total net realized and unrealized gain was $1,147,583 or $.46 per share for the same period. Second Quarter First Quarter Second Quarter Ended Ended Ended March 31, 1997 December 31, 1996 March 31, 1996 Total Net Operating Loss $(300,324) ($279,236) ($324,172) Per Share $(0.12) ($0.11) ($0.12) Total Net Realized/ Unrealized Gain $1,147,583 $7,537,162 $3,467,277 Per Share $0.46 $3.01 $1.38 Alliance All-Market Advantage Fund, Inc. is managed by Alliance Capital Management L.P. CONTACT: Shareholder Contact: 1-800-221-5672 Media Contact Only: Duff Ferguson 212-969-1056 |
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