Global Small Cap Fund Inc. reports earnings.NEW YORK--(BUSINESS WIRE)--March 31, 1995--Global Small Cap Fund Inc. (AMEX AMEX See: American Stock Exchange :GSG GSG Grenzschutzgruppe (German: Border Protection Unit; anti-terrorist group) GSG Global Scenario Group GSG Goldman Sachs Group, Inc. GSG Gunslinger Girl (anime) GSG Ground-Signal-Ground ), a close-end management investment company seeking long-term capital appreciation through investments in U.S. and foreign equity securities, today announced its performance for the second quarter ended Jan. 31, 1995. For the quarter ended Jan. 31, 1995, the Fund's net investment loss was $17,465, equal to 1 cent per common share. Total net realized and unrealized losses 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. were $7,140,854, equal to $1.88 per common share for the same period. This compares to net investment loss of $166,773, equal to 4 cents per common share and net realized and unrealized gains Unrealized Gain A profit that results from holding on to an asset rather than cashing it in and using the funds. Notes: Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. of $9,301,047, equal to $2.45 per common share incurred during the quarter ended Jan. 31, 1994. For the six months ended Jan. 31, 1995, the Fund's earnings from net investment income was $18,415, equal to 0 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . Net realized and unrealized losses were $3,662,026, equal to 96 cents per share for the same period. This compares to net investment losses of $156,557 equal to 4 cents per share, and net realized and unrealized gains of $9,351,125, equal to $2.46 per share, incurred during the period Oct. 15, 1993 (commencement of operations) to Jan. 31, 1994. On Jan. 31, 1995, 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 was $43,800,874. The net asset value per common share was $11.52, based on 3,801,667 common shares outstanding, which represents a decrease of 3.04% from the net asset value per common share of $16.55 based on 3,801,667 shares outstanding at Jan. 31, 1994. CONTACT: PaineWebber Linda Buckley, 201/902-5450 |
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