NEW YORK, Feb. 27 /PRNewswire-FirstCall/ -- ACM Managed Dollar Income Fund, Inc. (NYSE:ADF), a registered closed-end investment company, today announced earnings for the first quarter ended December 31, 2008.
Total net assets of the Fund on December 31, 2008 were $110,790,504, as compared with $129,449,109 on September 30, 2008 and $159,484,525 on December 31, 2007. On December 31, 2008 the net asset value per share was $5.99 based on 18,495,567 shares outstanding.
December 31, 2008 September 30, 2008 December 31, 2007
----------------- ------------------ ----------------- Total Net Assets $110,790,504 $129,449,109 $159,484,525
NAV Per Share $5.99 $7.00 $8.19
Shares Outstanding 18,495,567 18,495,567 19,469,017 For the period October 1, 2008 through December 31, 2008, total net investment income was $2,528,325 or $0.14 per share. The total net realized and unrealized loss was $18,606,798 or $1.01 per share for the same period.
First Quarter Fourth Quarter First Quarter
Ended Ended Ended
December 31, 2008 September 30, 2008 December 31, 2007
----------------- ------------------ ----------------- Total Net
Investment Income $2,528,325 $2,561,880 $2,681,313
Per Share $0.14 $0.14 $0.14 Total Net
Realized/
Unrealized Loss ($18,606,798) ($13,750,194) ($1,856,069)
Per Share ($1.01) ($0.74) ($0.10) ACM Managed Dollar Income Fund, Inc. is managed by AllianceBernstein L.P. DATASOURCE: ACM Managed Dollar Income Fund, Inc.
CONTACT: Shareholder Contact, +1-800-221-5672
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