EX-99.21 2 ex99_21.htm EXHIBIT 99.21 Exhibit 99.21

EXHIBIT 99.21
 
  
Valerie Haertel, Investor Relations
212.969.6414
ir@alliancebernstein.com
  
John Meyers, Media
212.969.2301
pr@alliancebernstein.com
 
 
 
  
 
News Release
 
AllianceBernstein Announces June 30, 2006 Assets Under Management 
 
Second Quarter Earnings Conference Call To Be Held On July 26, 2006

New York, NY, July 12, 2006 - AllianceBernstein Holding L.P. (NYSE: AB) and AllianceBernstein L.P. ("AllianceBernstein") today reported that preliminary assets under management increased by approximately $1 billion, or 0.2%, in the month of June to $625 billion due to positive net flows in all distribution channels, particularly Institutional Investments and Private Client, partially offset by unfavorable investment returns.

   
ALLIANCEBERNSTEIN L.P.
ASSETS UNDER MANAGEMENT
($ billions)
      
   
At June 30, 2006
(preliminary)
  
At May 31,
2006
  
   
Institutional Investments
  
Retail
  
 
Private Client
  
 
 
Total
  
 
 
Total
  
Equity
                     
Growth
  
$
89
  
$
48
  
$
20
  
$
157
  
$
156
  
Value
    
175
    
57
    
40
    
272
    
271
  
Total Equity
    
264
    
105
    
60
    
429
    
427
  
     
   
   
   
   
 
Fixed Income
    
108
    
35
    
23
    
166
    
166
  
Index/Structured
    
24
    
6
    
0
    
30
    
31
  
                                      
Total
 
$
396
  
$
146
  
$
83
  
$
625
  
$
624
  
               
 
  
At May 31, 2006 
      
           
Total
 
$
395
  
$
147
  
$
82
  
$
624
        

 

 
CONFERENCE CALL INFORMATION RELATING TO SECOND QUARTER 2006 RESULTS

AllianceBernstein’s management will review second quarter 2006 financial and operating results on Wednesday, July 26, 2006, during a conference call at 5:30 p.m. (New York Time), following the release of its financial results after the close of the New York Stock Exchange. The conference call will be hosted by Chairman and Chief Executive Officer, Lewis A. Sanders and President and Chief Operating Officer, Gerald M. Lieberman.
 
Parties may access the conference call by either telephone or webcast.
 
1.
To listen by telephone, please dial 866-556-2265 in the U.S. or 973-935-8521 outside the U.S., ten minutes before the 5:30 p.m. (New York Time) scheduled start time. The conference ID# is 7611243.
2.
To listen by webcast, please visit AllianceBernstein’s Investor Relations website at http://ir.alliancebernstein.com at least fifteen minutes prior to the call to download and install any necessary audio software.

The presentation slides that will be reviewed during the conference call are expected to be available on AllianceBernstein’s website at the above web address after the release of its results on July 26, 2006.

A replay of the conference call will be made available for one week beginning at 7:30 p.m. (New York Time) on July 26, 2006. In the U.S., please call 877-519-4471 or, outside the U.S., call 973-341-3080, and provide the conference ID# 7611243. The replay will also be available via webcast on AllianceBernstein’s website for one week.

About AllianceBernstein
 
AllianceBernstein is a leading global investment management firm providing investment management services for many of the largest U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide. AllianceBernstein is also one of the largest mutual fund sponsors, with a diverse family of globally distributed mutual fund portfolios. Through its subsidiary, Sanford C. Bernstein & Co., LLC, AllianceBernstein provides in-depth research, portfolio strategy and trade execution to the institutional investment community.
 
At June 30, 2006, AllianceBernstein Holding L.P. (“Holding”) owned approximately 32.7% of the issued and outstanding AllianceBernstein Units. AXA Financial was the beneficial owner of approximately 60.2% of the AllianceBernstein Units at June 30, 2006 (including those held indirectly through its ownership of approximately 1.7% of the issued and outstanding Holding Units) which, including the general partnership interests in AllianceBernstein and Holding, represent an approximate 60.6% economic interest in AllianceBernstein. AXA Financial is a wholly-owned subsidiary of AXA, one of the largest global financial services organizations.
 
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Forward-Looking Statements
 
Certain statements in this news release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These 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 we achieve for our clients, general economic conditions, future acquisitions, competitive conditions, and government regulations, including changes in tax rates. We caution readers to carefully consider our forward-looking statements in light of these factors. Further, these 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 subsequent events or circumstances. For further information regarding these forward-looking statements and the factors that could cause actual results to differ, see “Risk Factors” in Item 1 of Form 10-K for the year ended December 31, 2005. Any or all of the forward-looking statements that we make in Form 10-K, this news release, or any other public statements we issue may turn out to be wrong. Please remember that factors other than those listed in “Risk Factors” could also adversely affect our business, operating results, or financial condition.
 
 
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