EXHIBIT (a)(1)(vi)
Form of Letter to Clients of Brokers, Dealers,
Commercial Banks, Trust Companies and Other Nominees
Regarding the Offer by
ACM MANAGED DOLLAR INCOME FUND, INC.
To Purchase for Cash 1,110,972 of Its Issued and Outstanding
Shares at Net Asset Value Per Share
To Our Clients:
Pursuant to your request, enclosed for your consideration are the Offer to
Purchase dated April 2, 2001 of ACM Managed Dollar Income Fund, Inc. (the
"Fund") and the related Letter of Transmittal pursuant to which the Fund is
offering to purchase 1,110,972 shares of its issued and outstanding common
stock, par value $0.01 per share (the "Shares"), for cash at a price equal to
their net asset value ("NAV") determined as of the close of the regular
trading session of the New York Stock Exchange ("NYSE") on April 30, 2001,
upon the terms and subject to the conditions set forth in the Offer to
Purchase dated April 2, 2001 and the related Letter of Transmittal (which
together with any amendments or supplements thereto collectively constitute
the "Offer"). THE OFFER EXPIRES AT 12:00 MIDNIGHT EASTERN TIME ON APRIL 27,
2001, UNLESS EXTENDED (THE "EXPIRATION DATE"). If the Offer is extended beyond
April 27, 2001, the purchase price for Shares will be their NAV determined as
of the close of the regular trading session of the NYSE on the date after the
new Expiration Date, as extended.
The Offer is being made to fulfill an undertaking made in connection with
the initial public offering of the Shares. Information regarding this
undertaking, as well as information regarding possible future tender offers by
the Fund, is set forth in the Offer to Purchase.
The Offer to Purchase and the Letter of Transmittal are being forwarded to
you as the beneficial owner of Shares held by us for your account but not
registered in your name. We are sending you the Letter of Transmittal for your
information only; you cannot use it to tender Shares we hold for your account.
A tender of such Shares can be made only by us as the holder of record and
only pursuant to your instructions.
Your attention is called to the following:
1. Unless extended, the Offer expires at 12:00 Midnight Eastern Time on
April 27, 2001 and withdrawal rights expire at 5:00 P.M. Eastern Time on
May 1, 2001.
2. The Offer is subject to certain conditions set forth in the Offer to
Purchase. Under certain circumstances, the Fund will not be required to
accept for payment, purchase or pay for any Shares tendered, and the Fund
may also amend, extend or terminate the Offer.
3. A Stockholder wishing to accept the Offer must tender, or cause the
tender of, all Shares owned by the Stockholder and all Shares attributed to
the Stockholder for federal income tax purposes under Section 318 of the
Internal Revenue Code of 1986, as amended, as of the date of purchase of
Shares pursuant to the Offer. Stockholders should consult their tax
advisors as to the application of the constructive ownership rules of
Section 318.
4. If more than 1,110,972 Shares are duly tendered (and not timely
withdrawn), the Fund will purchase Shares from tendering Stockholders, in
accordance with the terms and subject to the conditions specified in the
Offer to Purchase, on a pro rata basis (disregarding fractions) in
accordance with the number of Shares duly tendered by each Stockholder
during the period the Offer is open and not timely withdrawn), unless the
Fund determines not to purchase any Shares.
5. Each tendering Stockholder is required to submit a check in the amount
of $25.00 payable to EquiServe Trust Company, N.A. as a processing fee to
help defray the cost associated with effecting the Offer. A broker, dealer,
commercial bank, trust company or other nominee may also charge a fee for
processing transactions on behalf of a Stockholder. Tendering Stockholders
are not obligated to pay brokerage commissions or, subject to Instruction 6
of the Letter of Transmittal, transfer taxes on the purchase of Shares of
the Fund pursuant to the Offer.
IF YOU WISH TO HAVE US TENDER YOUR SHARES, PLEASE SO INSTRUCT US BY
COMPLETING, EXECUTING AND RETURNING TO US THE INSTRUCTION FORM ON THE REVERSE
SIDE HEREOF. YOUR INSTRUCTIONS SHOULD BE FORWARDED TO US IN AMPLE TIME TO
PERMIT US TO SUBMIT A TENDER ON YOUR BEHALF ON OR BEFORE THE EXPIRATION OF THE
OFFER. THE OFFER EXPIRES AT 12:00 MIDNIGHT EASTERN TIME ON APRIL 27, 2001,
UNLESS EXTENDED.
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 the Offer or its
acceptance would violate the laws of such jurisdiction. In any jurisdiction
where the securities, blue sky or other laws require the Offer to be made by a
licensed broker or dealer, the Offer shall be deemed to be made on behalf of
the Fund by one or more registered brokers or dealers licensed under the laws
of that jurisdiction.
Very truly yours,
EXHIBIT (a)(1)(vii)
Instructions Regarding the Offer by
ACM MANAGED DOLLAR INCOME FUND, INC.
To Purchase for Cash 1,110,972 of Its Issued and Outstanding
Shares at Net Asset Value Per Share
THIS FORM IS NOT TO BE USED TO TENDER SHARES DIRECTLY TO THE DEPOSITARY. IT
SHOULD BE SENT TO YOUR BROKER, DEALER, COMMERCIAL BANK, TRUST COMPANY OR OTHER
NOMINEE IF THAT FIRM IS THE HOLDER OF RECORD OF YOUR SHARES AND WILL BE
EFFECTING THE TENDER ON YOUR BEHALF.
DO NOT COMPLETE THIS FORM IF YOU HAVE DECIDED NOT TO TENDER YOUR SHARES.
The undersigned acknowledge(s) receipt of your letter and the accompanying
Offer to Purchase dated April 2, 2001 and the related Letter of Transmittal
(which together with any amendments or supplements thereto collectively
constitute the "Offer") in connection with the Offer by ACM Managed Dollar
Income Fund, Inc. (the "Fund") to purchase 1,110,972 shares of its issued and
outstanding common stock, par value $0.01 per share (the "Shares"), at the net
asset value per Share as of the close of the regular trading session of the
New York Stock Exchange on the date after the Expiration Date (as defined in
the Offer to Purchase), on the terms and subject to the conditions of the
Offer.
The undersigned hereby instructs you to tender to the Fund all Shares that
are held by you for the account of the undersigned, including all
uncertificated Shares that may be held for the account of the undersigned by
the Fund's transfer agent pursuant to the Fund's Dividend Reinvestment Plan,
upon the terms and subject to the conditions of the Offer.
The undersigned hereby represents and warrants that: (i) all Shares owned by
the undersigned as of the date of purchase of Shares pursuant to the Offer and
all Shares attributed to the undersigned for Federal income tax purposes as of
such date under Section 318 of the Internal Revenue Code of 1986, as amended,
have been or will be tendered pursuant to the Offer; (ii) the undersigned has
a "net long position" in such Shares within the meaning of Rule 14e-4
promulgated under the Securities Exchange Act of 1934, as amended; and (iii)
the tender of such Shares complies with Rule 14e-4.
(Please Print Except for Signature(s))
Account Number: ____________________________________________________________
Name(s) and Tax Identification or Social Security Number(s) of Beneficial
Owner(s): __________________________________________________________________
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Address: ___________________________________________________________________
Telephone Number(s) including Area Code(s): ________________________________
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(Signature of beneficial owner) (Signature of additional beneficial
owner, if any)
Dated: , 2001