The Ibero-America Fund, Inc. Announces Results of Special Meeting of Stockholders
31 August 2011 - 10:51PM
PR Newswire (US)
NEW YORK, Aug. 31, 2011 /PRNewswire/ -- The Ibero-America
Fund, Inc. (The "Fund" – NYSE: SNF) announced that stockholders of
the Fund approved the proposed plan of liquidation and dissolution
of the Fund at the Fund's Special Meeting of Stockholders held
today (the "Liquidation"). In connection with the
Liquidation, the Fund will close its books and records at the close
of business today. The proportionate interests of
stockholders in the Fund's assets will be fixed on the basis of
their respective shareholdings at the close of business today.
The Fund expects that the Fund's shares will cease to be
traded on the New York Stock Exchange on September 1, 2011.
It is anticipated that the liquidating distributions will take
place by approximately the end of September
2011. The Fund expects to make one or more liquidating
distributions to stockholders.
The Fund is a closed-end U.S.-registered management investment
company advised by AllianceBernstein L.P. with total net assets of
$59,237,118.81 as of August 30, 2011.
SOURCE The Ibero-America Fund, Inc.
Copyright 2011 PR Newswire
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