Correcting BW1481, ACM Government Opportunity Fund, Inc.--(BUSINESS WIRE)-- In BW1481, (ACM-GOVMNT-OPPORTUNITY) ACM (Association for Computing Machinery, New York, www.acm.org) A membership organization founded in 1947 dedicated to advancing the arts and sciences of information processing. In addition to awards and publications, ACM also maintains special interest groups (SIGs) in the computer field. Government Opportunity Fund, Inc. Reports Fourth Quarter Earnings, Business Wire omitted the third column of tables for July July: see month. 31, 1998 and the Fourth Quarter Ended July 31, 1998. The Corrected Tables Follow: -0-
July 31, 1999 April 30, 1999 July 31, 1998
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Total Net Assets $101,445,211 $107,231,383 $110,314,637
NAV Per Share $7.76 $8.20 $8.44
Shares Outstanding 13,071,872 13,071,872 13,071,872
For the period May 1, 1999 through July 31, 1999, total net investment income was $2,117,755 or $0.16 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 ($5,845,099) or ($0.45)per share for the same period.
Fourth Quarter Third Quarter Fourth Quarter
Ended Ended Ended
July 31, 1999 April 30, 1999 July 31, 1998
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Total Net Investment
Income $2,117,755 $2,024,982 $1,958,680
Per Share $0.16 $0.15 $0.15
Total Net Realized/
Unrealized Gain (Loss) ($5,845,099) ($1,865,104) ($2,160,677)
Per Share ($0.45) ($0.14) ($0.17)
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