ACM Income Fund, Inc. Dividend Declaration NEW YORK, Aug. 24 /PRNewswire-FirstCall/ -- ACM Income Fund, Inc. (NYSE: 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. ACM Income Fund, Inc. is managed by Alliance Capital Management L.P. DATASOURCE: ACM Income Fund, Inc. CONTACT: Shareholder Contact - 1-800-221-5672 Web site: http://www.alliancecapital.com/

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