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Old 08-24-2004   #8
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Jim, GOOD and TIMELY call!@

ACM Income Fund, Inc. Dividend Declaration
Tuesday, August 24, 2004 4:06 PM
- PR Newswire

NEW YORK, Aug 24, 2004 /PRNewswire-FirstCall via COMTEX/ -- ACM Income Fund, Inc. (ACG), a closed-end management investment company, declared on this date, August 24, 2004, a monthly income dividend of $0.060 per share of Common Stock, payable September 17, 2004 to shareholders of record at the close of business on September 3, 2004. Ex-date will be September 1, 2004.

The $0.060 per share dividend rate represents a decrease of $0.0075 per share from the Fund's previous $0.0675 monthly dividend rate. The Fund noted that the dividend decrease is intended to align the Fund's monthly dividend with its current and projected earning power.


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