Attached files
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| 8-K - ALLIANCEBERNSTEIN L.P. 8-K 3-1-2010 - ALLIANCEBERNSTEIN L.P. | form8k.htm |
Exhibit 99.01
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News
Release
Philip
Talamo, Investor Relations
212.969.2383
ir@alliancebernstein.com
|
John
Meyers, Media
212.969.2301
john.meyers@alliancebernstein.com
|
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AllianceBernstein
Announces Unit Repurchase Plan
New York,
NY, March 1, 2010 – AllianceBernstein Holding L.P. (NYSE: AB) 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.
www.alliancebernstein.com
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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.
www.alliancebernstein.com
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