SNF Ibero-America Fund Inc.

NEW YORK, June 9, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc. (the "Fund" – NYSE: SNF) announced today that the Fund's Board of Directors has unanimously approved the liquidation and dissolution of the Fund, subject to stockholder approval.  It is anticipated that the Plan of Liquidation and Dissolution will be submitted to the Fund's stockholders at a special meeting to be called for that purpose on Wednesday, August 31, 2011.  The close of business on Thursday, July 7, 2011 has been fixed as the record date for the special meeting of stockholders.  

The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L.P. with assets of approximately $70,339,403.

SOURCE The Ibero-America Fund, Inc.