ACM Managed Dollar Income Fund, Inc. Announces Closing of Acquisition of the Fund by AllianceBernstein Global High Income Fund,
26 Settembre 2009 - 1:29AM
PR Newswire (US)
NEW YORK, Sept. 25 /PRNewswire-FirstCall/ -- ACM Managed Dollar
Income Fund, Inc. ("ACM Managed Dollar"; NYSE: ADF) announced today
that the acquisition of the assets and the assumption of the
liabilities of ACM Managed Dollar by AllianceBernstein Global High
Income Fund, Inc. ("Global High Income"; NYSE: AWF) (the
"Acquisition") took place as of the close of business on September
25, 2009. As a result of the Acquisition, each holder of ACM
Managed Dollar common stock received shares of Global High Income
common stock having an aggregate net asset value ("NAV") equal to
the aggregate NAV of the stockholder's shares in ACM Managed
Dollar. As of the close of business on September 25, 2009, the NAV
of ACM Managed Dollar was $7.79 per share and the NAV of Global
High Income was $13.37 per share. Each share of common stock of ACM
Managed Dollar was converted into .5826 of a share of Global High
Income common stock. Common stockholders participating in ACM
Managed Dollar's dividend reinvestment plan received full and
fractional Global High Income shares. Other common stockholders
received cash in lieu of fractional shares. DATASOURCE: ACM Managed
Dollar Income Fund, Inc. CONTACT: Shareholder Contact:
1-800-221-5672
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