's board of directors has approved the transfer of assets from the Alliance All-Market Advantage Fund
to the AllianceBernstein Large Cap Growth Fund
. The large cap fund pursues a similar investment strategy to the all-market fund. The decision is subject to shareholder approval at a meeting to be held November 9.
Advantage Fund, Inc. ("All-Market") (NYSE: AMO) announced that its Board of
Directors has approved and recommended to stockholders the acquisition of
the assets and liabilities of All-Market by AllianceBernstein Large Cap
Growth Fund, Inc, an open-ended fund that pursues a similar investment
strategy (the "Acquisition").
The Acquisition is subject to approval by
stockholders of All-Market. A Special Meeting of Stockholders of All-Market
is scheduled to be held on November 9, 2007. The close of business on
August 31, 2007 has been fixed as the record date for the Special Meeting
of Stockholders. If stockholders approve the Acquisition, it is expected to
occur late in the last quarter of this year or in the first quarter of
Each of the Funds is a diversified U.S.-registered management
investment company advised by AllianceBernstein L.P. As of July 27, 2007,
the net assets of All-Market and AllianceBernstein Large Cap Growth Fund,
Inc. were, $48,778,896, and $2,414,270,865, respectively.
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