NEW YORK, July 29, 2011 /PRNewswire/ -- The Ibero-America
Fund, Inc. (NYSE:SNF), a registered closed-end investment company,
today announced earnings for the second quarter ended May 31, 2011.
Total net assets of the Fund on May 31,
2011 were $71,311,603 compared
with $69,293,175 on February 28, 2011 and $54,061,113 on May 31,
2010. On May 31, 2011
the net asset value per share was $8.01 based on 8,905,699 shares outstanding.
|
May 31,
2011
|
February 28,
2011
|
May 31, 2010
|
|
|
Total Net
Assets
|
$71,311,603
|
$69,293,175
|
$54,061,113
|
|
|
NAV Per Share
|
$8.01
|
$7.78
|
$6.07
|
|
|
Shares
Outstanding
|
8,905,699
|
8,905,699
|
8,905,699
|
|
|
|
|
|
For the period March 1, 2011
through May 31, 2011, total net
investment income was $605,850 or
$0.07 per share. The total net
realized and unrealized gain was $1,412,578 or $0.16
per share for the same period.
|
Second
Quarter
Ended
May 31,
2011
|
First Quarter
Ended
February 28,
2011
|
Second Quarter
Ended
May 31, 2010
|
|
|
Total Net
Investment
Income
|
$605,850
|
($13,216)
|
$291,135
|
|
|
Per Share
|
$0.07
|
($0.00)*
|
$0.04
|
|
|
|
|
|
|
|
Total Net
Realized/
Unrealized
Gain/(Loss)
|
$1,412,578
|
$8,649,201
|
($7,716,868)
|
|
|
Per Share
|
$0.16
|
$0.97
|
($0.87)
|
|
|
|
|
|
|
|
The Ibero-America Fund, Inc. is managed by AllianceBernstein
L.P.
* Amount is less than $0.005.
SOURCE The Ibero-America Fund, Inc.