NEW YORK, Jan. 19 /PRNewswire-FirstCall/ -- At a Special Meeting of Stockholders of Alliance World Dollar Government Fund, Inc. ("AWDGF") held today, stockholders approved the acquisition of the assets and the assumption of the liabilities of AWDGF by Alliance World Dollar Government Fund II, Inc. ("AWDGF II") (the "Acquisition").
It is anticipated that the Acquisition will occur as soon as practicable in the first quarter of 2007. As a result of the Acquisition, stockholders of AWDGF will receive shares of AWDGF II equivalent in aggregate net asset value to the shares they held in AWDGF. Stockholders participating in AWDGF's dividend reinvestment plan will receive full and factional AWDGF II shares. Other stockholders will receive cash in lieu of fractional shares.
There may be a final distribution of income and/or capital gains for AWDGF and/or AWDGF II made prior to the Acquisition.
AWDGF II will be renamed AllianceBernstein Global High Income Fund, Inc. effective January 26, 2007. AWDGF and AWDGF II are diversified, closed-end U.S.-registered management investment companies. Both Funds are advised by AllianceBernstein L.P. As of January 12, 2007, the total net assets of AWDGF and AWDGF II were $128,717,968, and $1,012,018,814, respectively.