NEW YORK, May 10, 2011 /PRNewswire/ -- The Ibero-America
Fund, Inc. (NYSE: SNF), a registered closed-end investment company,
today announced earnings for the first quarter ended February 28, 2011.
Total net assets of the Fund on February
28, 2011 were $69,293,175
compared with $61,262,777 on
November 30, 2010 and $61,486,845 on February
28, 2010. On February 28,
2011 the net asset value per share was $7.78 based on 8,905,699 shares outstanding.
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|
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February 28,
2011
|
November 30,
2010
|
February 28,
2010
|
|
|
|
Total Net
Assets
|
$69,293,175
|
$61,262,777
|
$61,486,845
|
|
|
|
NAV Per Share
|
$7.78
|
$6.88
|
$6.90
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Shares
Outstanding
|
8,905,699
|
8,905,699
|
8,905,699
|
|
|
|
|
|
|
|
|
|
For the period December 1, 2010
through February 28, 2011, total net
investment loss was ($13,216) or
($0.00)* per share. The total
net realized and unrealized gain was $8,649,201 or $0.97
per share for the same period.
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|
|
First
Quarter
Ended
February 28,
2011
|
Fourth
Quarter
Ended
November 30,
2010
|
First Quarter
Ended
February 28,
2010
|
|
|
Total Net Investment
Income
/(Loss)
|
($13,216)
|
$133,072
|
$237,910
|
|
|
Per Share
|
($0.00)*
|
$0.02
|
$0.02
|
|
|
|
|
|
|
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Total Net
Realized/
Unrealized
Gain/(Loss)
|
$8,649,201
|
$1,957,221
|
($11,572,989)
|
|
|
Per Share
|
$0.97
|
$0.22
|
($1.30)
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The Ibero-America Fund, Inc. is managed by AllianceBernstein
L.P.
* Amount is less than $0.005.
SOURCE The Ibero-America Fund, Inc.