Alliance Capital Management L.P. corrects table header in BW1195; Six Months Ended sted Nine Months.NEW YORK--(BUSINESS WIRE)--Aug. 1, 1996--In BW1195 (ALLIANCE-CAPITAL) Reports 27 Percent Increase in Second Quarter Earnings and Increased Distribution to Unitholders for the Fifth Consecutive Quarter, in table, the second header (1) In a disk or tape file, a set of data that resides permanently at the beginning. It may be used for identification only (type of file, date of last update, etc.), or it may describe the structural layout of the contents, as is common with many document and database formats. should read Six Months Ended (sted Nine Months as sent). A corrected table follows: -0- Alliance Third Quarter Results ALLIANCE CAPITAL MANAGEMENT L.P. SUMMARY CONSOLIDATED STATEMENTS OF INCOME (unaudited, in thousands except per Unit amounts)
Three Months Ended Six Months Ended
6/30/96 6/30/95 6/30/96 6/30/95
Revenues:
Investment advisory and
services fees:
Alliance mutual funds $ 71,849 $ 55,503 $139,673 $107,149
Separately managed accounts
Affiliated clients 11,768 12,230 21,866 23,841
Third party clients 58,081 41,454 109,202 82,417
Distribution plan fees
from Alliance mutual funds 40,582 30,636 79,065 59,648
Shareholder servicing and
administration fees 11,623 11,035 23,023 21,290
Other revenues 2,246 2,567 4,936 4,459
------- ------- ------- --------
196,149 153,425 377,765 298,804
------- ------- ------- --------
Expenses:
Employee compensation and
benefits 54,100 41,704 103,476 81,527
Promotion and servicing:
Distribution payments to
financial intermediaries:
Affiliated 7,701 5,444 14,692 10,839
Unaffiliated 27,644 20,807 54,446 39,973
Amortization of deferred
sales commissions 12,848 12,660 25,366 25,527
Other 13,191 10,461 24,318 20,578
General and administrative 25,515 20,465 48,956 39,513
Interest 472 231 714 639
Amortization of intangible
assets 4,181 2,187 7,094 4,374
------- ------- ------- -------
145,652 113,959 279,062 222,970
------- ------- ------- -------
Income before income taxes 50,497 39,466 98,703 75,834
Income taxes 3,467 2,367 6,606 4,550
------ ------- ------- -------
Net income 47,030 37,099 92,097 71,284
======= ======= ======== =======
Net income per Unit $ .55 $ .45 $ 1.09 $ 0.87
======= ======= ======== ========
Weighted average Units
outstanding 84,702 81,514 83,905 81,383
======= ======== ======== ========
Distribution per Unit $ .53 $ .43 $ 1.05 $ 0.84
======= ======== ======== ========
June 30, December 31,
1996 1995 1995
Assets Under Management $168,247 $133,310 $146,521 (millions) ======== ======== ======== CONTACT: Alliance Capital Management L.P. Investors - Robert Joseph For the wine writer, see . Robert G. Joseph (born 1949, Williston, North Dakota) is the United States Special Envoy for Nuclear Nonproliferation. Prior to this post, Dr. Joseph was the Under Secretary of State for Arms Control and International Security. , (212) 969-2384 Media - Linda A set of parallel processing functions added to languages, such as C and C++, that allows data to be created and transferred between processes. It was developed by Yale professor David Gelernter, when he was a 23-year old graduate student. Finnerty Finnerty is a surname of Irish origin. Some of the people by the name are:
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