As filed with the Securities and Exchange Commission on May 10, 2005
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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Schedule TO
(Rule 14d-100)
Tender Offer Statement under Section 14(d)(1) or 13(e)(4)
of the Securities Exchange Act of 1934
(Amendment No. )*
ACM Managed Dollar Income Fund, Inc.
(Name of Subject Company (Issuer))
ACM Managed Dollar Income Fund, Inc.
(Name of Filing Persons (Offeror and Issuer))
Common Stock, Par Value $.01 Per Share
(Title of Class of Securities)
000949107
(CUSIP Number of Class of Securities)
Mark R. Manley
Alliance Capital Management L.P.
1345 Avenue of the Americas
New York, New York 10105
(212) 969-1000
(Name, address, and telephone number of person authorized
to receive notices and communications on behalf of
filing persons)
With a copy to:
Patricia A. Poglinco
Seward & Kissel LLP
One Battery Park Place
New York, New York 10004
Calculation of Filing Fee
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Transaction Valuation* Amount of Filing Fee
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$................................................. $
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* Set forth the amount on which the filing fee is calculated and state how it
was determined.
[_] Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
[_] Amount Previously Paid:
Form or Registration No.:
Filing Party:
Date Filed:
[_] Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
[_] third-party tender offer subject to Rule 14d-1.
[_] issuer tender offer subject to Rule 13e-4.
[_] going-private transaction subject to Rule 13e-3.
[_] amendment to Schedule 13D under Rule 13d-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer. [_]
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Information Contained Herein
Attached hereto are the following relating to ACM Managed Dollar Income
Fund, Inc.
1) Press Release dated May 10, 2005
2) Press Release dated March 14, 2005
3) Press Release dated December 14, 2004
Shareholder Contact:
1-800-221-5672
Press Release
ACM MANAGED DOLLAR INCOME FUND, INC.
ANNOUNCES COMMENCEMENT OF TENDER OFFER
NEW YORK, NY May 10, 2005 - ACM Managed Dollar Income Fund, Inc. (NYSE:ADF)
(the "Fund") announced today basic terms of the tender offer to be conducted
during the second quarter of this year. Under the terms approved by the Fund's
Board of Directors, the Fund will, pursuant to due notification, commence a
tender offer on May 13, 2005 for 1,135,385 shares of its common stock
representing approximately 5% of the Fund's outstanding shares. The offer will
be for cash at a price equal to the net asset value per share determined as of
the close of the regular trading session of the New York Stock Exchange on the
date after the date the offer expires. The offer will expire at 12:00 Midnight
Eastern Time on June 10, 2005, unless extended. On May 9, 2005, the net asset
value of a share of the Fund was $7.91 per share and the per share market price
on the Exchange was $7.59, representing a 4.05% discount from net asset value.
The offer is in fulfillment of an undertaking in connection with the initial
public offering of shares stated in the Fund's prospectus dated October 22,
1993.
The terms and conditions of the offer will be set forth in the Fund's Offer
to Purchase, to be dated May 13, 2005, and the related Letter of Transmittal.
The Fund is a non-diversified, closed-end U.S. registered management
investment company whose investment adviser is Alliance Capital Management L.P.
The Fund has current net assets of approximately $179.5 million and invests
substantially all of the assets in U.S. and non-U.S. fixed income securities
denominated in U.S. dollars with the primary investment objective of high
current income and a secondary investment objective of capital appreciation.
This announcement is not an offer to purchase or solicitation of an offer
to sell shares of the Fund. The offer is made only by the Offer to Purchase and
the related Letter of Transmittal. Holders of Fund shares should read these
documents when they are available because they contain important information.
These and other filed documents are available to investors for free both at the
website of the Securities and Exchange Commission and from the Fund. The offer
is not being made to, nor will tenders be accepted from or on behalf of, holders
of shares in any jurisdiction in which making or accepting the offer would
violate that jurisdiction's laws.
FOR IMMEDIATE RELEASE
Shareholder Contact:
1-800-221-5672
ACM MANAGED DOLLAR INCOME FUND, INC.
CONCLUSION OF TENDER OFFER MEASUREMENT PERIOD
NEW YORK, NY March 14, 2005 - ACM Managed Dollar Income Fund, Inc., a
closed-end investment company NYSE: ADF (the "Fund"), today announced the
results of its recently concluded tender offer measurement period. Pursuant to
the Fund's Prospectus dated October 22, 1993, and subject to the conditions and
limitations described therein, the Fund undertook to conduct a tender offer for
shares of its common stock during the second quarter of each year if, during a
12-week period designated by the Fund's Board of Directors, the Fund's shares
have traded at an average discount from net asset value of 3% or more determined
on the basis of the discount or premium on the last trading day in each week
during the 12-week period. As previously announced, the Board of Directors had
designated the 12 weeks ended March 11, 2005 as the measurement period with
respect to a possible 2005 tender offer. During that period, the Fund's common
stock traded at an average discount to net asset value of 3.55%. Accordingly,
the Fund is required pursuant to the Prospectus undertaking to conduct a tender
offer during the second quarter of 2005.
The Fund is a non-diversified, closed-end management investment company
managed by Alliance Capital Management L.P. As of March 11, 2005, the Fund's
total net assets were approximately $184.6 million and the Fund's shares were
trading at a discount to net asset value of 3.32%.
The terms and conditions of any tender offer will be subject to the federal
securities laws, the prospectus for the initial public offering of the Fund's
shares and approval by the Fund's Board of Directors. Management expects to
recommend to the Board that the tender offer commence early in the second
calendar quarter and remain open for twenty business days.
This announcement is not an offer to purchase or a solicitation of an offer
to sell shares of the Fund. Any offer will be made only by an Offer to Purchase
and related Letter of Transmittal. Holders of shares of the Fund should read
these documents when they are available because they will contain important
information. These and other filed documents will be available to investors for
free both at the Web site of the Securities and Exchange Commission and from the
Fund. The offer will not be made to, nor will tenders be accepted from or on
behalf of, holders of shares in any jurisdiction in which making or accepting
the offer would violate that jurisdiction's laws.
FOR IMMEDIATE RELEASE
Shareholder Contact:
1-800-221-5672
ACM MANAGED DOLLAR INCOME FUND, INC.
DESIGNATES TENDER OFFER MEASUREMENT PERIOD
NEW YORK, NY December 14, 2004 -- ACM Managed Dollar Income Fund, Inc.
(NYSE: ADF) (the "Fund") announced today that in accordance with its Prospectus
dated October 22, 1993, the Fund's Board of Directors has fixed the 12-week
period ending Friday, March 11, 2005, as the measurement period for purposes of
determining whether the Fund will conduct a tender offer for shares of its
common stock.
As provided in the Prospectus, and subject to the conditions and
limitations described therein, the Fund will conduct an annual tender offer for
its shares during the second quarter of each year if, during a 12-week period
"prior to a date designated by the Directors no later than the end of the first
calendar quarter," the Fund's shares have traded at an average discount from net
asset value of 3% or more determined on the basis of the discount or premium as
of the last trading day in each week during the 12-week period. As of the close
of trading on December 10, 2004, the Fund's shares were trading at a discount to
net asset value of 3.47%.
As of December 10, 2004, the Fund's total net assets were approximately
$183.5 million. The Fund is a non-diversified, closed-end U.S. registered
management investment company whose investment adviser is Alliance Capital
Management L.P.
00250.0158 #570284