AllianceBernstein Announces Unit Repurchase Plan
March 01 2010 - 8:43AM
PR Newswire (US)
NEW YORK, March 1 /PRNewswire-FirstCall/ -- AllianceBernstein
Holding L.P. and AllianceBernstein L.P. today announced their
intention to engage in open-market purchases of up to 3,000,000
AllianceBernstein Holding Units, from time to time at their
discretion, to help fund anticipated obligations under their
incentive compensation award program. Cautions regarding
Forward-Looking Statements Certain statements provided by
management in this news release are "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995. Such forward-looking statements are subject to risks,
uncertainties, and other factors that could cause actual results to
differ materially from future results expressed or implied by such
forward-looking statements. The most significant of these factors
include, but are not limited to, the following: the performance of
financial markets, the investment performance of sponsored
investment products and separately managed accounts, general
economic conditions, industry trends, future acquisitions,
competitive conditions, and government regulations, including
changes in tax regulations and rates and the manner in which the
earnings of publicly traded partnerships are taxed. We caution
readers to carefully consider such factors. Further, such
forward-looking statements speak only as of the date on which such
statements are made; we undertake no obligation to update any
forward-looking statements to reflect events or circumstances after
the date of such statements. For further information regarding
these forward-looking statements and the factors that could cause
actual results to differ, see "Risk Factors" and "Cautions
Regarding Forward-Looking Statements" in our Form 10-K for the year
ended December 31, 2009. Any or all of the forward-looking
statements that we make in this news release, Form 10-K, other
documents we file with or furnish to the SEC, and any other public
statements we issue, may turn out to be wrong. It is important to
remember that other factors besides those listed in "Risk Factors"
and "Cautions Regarding Forward-Looking Statements", and those
listed above, could also adversely affect our financial condition,
results of operations and business prospects. About
AllianceBernstein AllianceBernstein is a leading global investment
management firm that offers high-quality research and diversified
investment services to institutional clients, individuals and
private clients in major markets around the world.
AllianceBernstein employs more than 500 investment professionals
with expertise in growth equities, value equities, fixed income
securities, blend strategies and alternative investments and,
through its subsidiaries and joint ventures, operates in more than
20 countries. AllianceBernstein's research disciplines include
fundamental research, quantitative research, economic research and
currency forecasting capabilities. Through its integrated global
platform, AllianceBernstein is well-positioned to tailor investment
solutions for its clients. AllianceBernstein also offers high
quality, in-depth research, portfolio strategy and
brokerage-related services to institutional investors, and equity
capital markets services to issuers of publicly-traded securities.
At December 31, 2009, AllianceBernstein Holding L.P. owned
approximately 36.5% of the issued and outstanding AllianceBernstein
Units and AXA, one of the largest global financial services
organizations, owned an approximate 62.1% economic interest in
AllianceBernstein. DATASOURCE: AllianceBernstein CONTACT: Philip
Talamo, Investor Relations,
+1-212-969-2383,ir@alliancebernstein.com, or John Meyers, Media,
+1-212-969-2301,john.meyers@alliancebernstein.com
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