NEW YORK, Dec. 8 /PRNewswire-FirstCall/ -- The Spain Fund, Inc. (the "Fund" -- NYSE: SNF) announced that the adjourned Annual Meeting held today has been adjourned until January 19, 2010 to allow additional time for the solicitation of proxies. As previously announced, two of the three Proposals submitted to stockholders at the initial session of the Annual Meeting held on November 9, 2009 were approved by stockholders. These Proposals were for the election of Directors ("Proposal 1") and the modification of the Fund's investment objective and reclassification of the objective as non-fundamental ("Proposal 2"). The third Proposal, submitted at the November 9, 2009 session and at today's session, which has not yet been approved, relates to the amendment or elimination of certain fundamental investment policies of the Fund ("Proposal 3"). The reconvened Annual Meeting will be held at 1345 Avenue of the Americas, 41st Floor, New York, New York, at 3:30 P.M., Eastern Time. Only stockholders of record on September 21, 2009 will be entitled to vote at the reconvened Annual Meeting. The change to the Fund's investment objective and a related change in its name to "The Ibero-America Fund, Inc.," which was approved by the Fund's Board of Directors, will not become effective unless the stockholders of the Fund approve the changes to the fundamental policies of the Fund submitted to stockholders in Proposal 3 at the upcoming reconvened Annual Meeting. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L.P. with assets of approximately $73.77 million. DATASOURCE: The Spain Fund, Inc. CONTACT: Shareholder Contact: 1-800-221-5672

Copyright