Alliance World Dollar Government Fund, Inc. designates tender offer measurement period.NEW YORK--(BUSINESS WIRE)--June 25, 1997--Alliance World Dollar Government Fund, Inc. (NYSE NYSE See: New York Stock Exchange :AWG (American Wiring Gauge) A U.S. measurement standard of the diameter of non-ferrous wire, which includes copper and aluminum. In general, the thicker the wire, the greater the current-carrying capacity and the longer the distance it can span. ) (the "Fund") announced today that in accordance Accordance is Bible Study Software for Macintosh developed by OakTree Software, Inc.[] As well as a standalone program, it is the base software packaged by Zondervan in their Bible Study suites for Macintosh. with its Prospectus dated October 29, 1992, the Fund's Board of Directors has fixed the 12 consecutive week period ending Friday, August 29, 1997, as the measurement period for purposes of determining whether the Fund will conduct a tender offer for shares of its common stock. As provided in the Prospectus, and subject to the conditions and limitations described therein, the Fund is to commence a tender offer during the fourth quarter of 1997 if shares of the Fund's common stock are traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. at an average discount from net asset value of 5% or more, determined on the basis of the discount or premium as of the last trading day Last Trading Day The final day that a futures or options contract may trade or be closed out before delivery of the underlying asset must occur. Notes: If the buying and selling parties do not arrange an alternate agreement, the physical commodity must be delivered from in each week during the measurement period. As of the close of trading on June 20, 1997, the Fund's shares were trading at a discount to net asset value of 3.74%. The Fund is a non-diversified, closed-end U.S. registered management investment company whose investment adviser is Alliance Capital Management L.P. CONTACT: Shareholder Contact: 800/219-4218 -OR- Media Contact Only: Duff Ferguson 212/969-1056 |
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