ACM Managed Dollar Income Fund, Inc. Announces There Will Be No Final Distribution

NEW YORK, Sept. 24 /PRNewswire-FirstCall/ -- ACM Managed Dollar Income Fund, Inc. ("ACM Managed Dollar"; NYSE: ADF), a closedend management investment company, announced today that there will be no final distribution payable to shareholders in connection with 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), which will take place as of the close of business on September 25, 2009 (the "Acquisition"). As a result of the Acquisition, each holder of ACM Managed Dollar common stock will receive 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. Common stockholders participating in ACM Managed Dollar's dividend reinvestment plan will receive full and fractional Global High Income shares. Other common stockholders will receive cash in lieu of fractional shares.

SOURCE ACM Managed Dollar Income Fund, Inc.