ACM Managed Dollar Income Fund, Inc. Announces Results of Tender Offer

NEW YORK, June 16 /PRNewswire-FirstCall/ -- ACM Managed Dollar Income Fund,
Inc. (NYSE: ADF) (the "Fund") announced today that in accordance with its
tender offer for up to 3,329,202 of its shares of common stock which expired
on Thursday, June 11, 2009 at 12:00 Midnight Eastern Time, the Fund has
accepted that number of shares for payment at $6.86 per share. These shares
represent approximately 18% of the Fund's outstanding shares. A total of
4,517,610 shares were properly tendered and not withdrawn prior to 5:00 p.m.
Eastern Time on June 15, 2009, the final date for withdrawals. Therefore, on
a pro rated basis, in accordance with the terms of the tender offer,
approximately 73.69% of the shares so tendered by each tendering stockholder
have been accepted for payment.

The Fund is a non-diversified, closed-end U.S. registered management
investment company managed by AllianceBernstein L.P. As of June 11, 2009, the
date on which the Fund's tender offer expired, the Fund's total net assets
were approximately $126 million.

SOURCE ACM Managed Dollar Income Fund, Inc.

AllianceBernstein L.P. Shareholder Contact, +1-800-221-5672