Alliance Capital Management of New York is seeking permission from its unitholders to restructure so that its ownership is divided between publicly-traded units and units of a limited partnership which are not publicly traded.

Alliance announced Aug. 5 that it will hold a special meeting of unitholders on Sept. 22 for a proxy vote on the proposed reorganization, said Karen Caddick, a firm spokesperson. The measure was first announced in April. A proxy statement was filed with the SEC on Aug. 4.

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