Stockholders Approve the Acquisition of Assets of ACM Managed Dollar Income Fund, Inc. by AllianceBernstein Global High Income F
22 August 2009 - 6:06AM
PR Newswire (US)
NEW YORK, Aug. 21 /PRNewswire-FirstCall/ -- At a Special Meeting of
Stockholders of ACM Managed Dollar Income Fund, Inc. ("ACM Managed
Dollar" - NYSE: ADF) held today, the stockholders of ACM Managed
Dollar approved the acquisition of the assets and the assumption of
the liabilities of ACM Managed Dollar by AllianceBernstein Global
High Income Fund, Inc. ("AllianceBernstein Global High Income" -
NYSE: AWF) (the "Acquisition"). It is anticipated that the
Acquisition will occur in the third quarter of 2009. As a result of
the Acquisition, each holder of ACM Managed Dollar common stock
will receive shares of AllianceBernstein 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.
Common stockholders will receive cash in lieu of any
AllianceBernstein Global High Income fractional shares. There may
be a final distribution of income and/or capital gains for ACM
Managed Dollar and/or AllianceBernstein Global High Income made
prior to the Acquisition. ACM Managed Dollar and AllianceBernstein
Global High Income are diversified, closed-end U.S.-registered
management investment companies. Both Funds are advised by
AllianceBernstein L.P. As of August 20, 2009, the total net assets
of ACM Managed Dollar and AllianceBernstein Global High Income were
$109,853,444 and $944,144,189, respectively. DATASOURCE:
AllianceBernstein Global High Income Fund, Inc. CONTACT:
Shareholder Contact: +1-800-221-5672
Copyright