NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE:SNF), a registered closed-end investment company, today announced earnings for the fourth quarter ended November 30, 2009. Total net assets of the Fund on November 30, 2009 were $72,821,924 compared with $67,821,497 on August 31, 2009 and $52,449,747 on November 30, 2008. On November 30, 2009 the net asset value per share was $8.18 based on 8,905,699 shares outstanding. November 30, 2009 August 31, 2009 November 30, 2008 ----------------- --------------- ----------------- Total Net Assets $72,821,924 $67,821,497 $52,449,747 NAV Per Share $8.18 $7.62 $5.89 Shares Outstanding 8,905,699 8,905,699 8,905,699 For the period September 1, 2009 through November 31, 2009, total net investment income was $160,514 or $0.02 per share. The total net realized and unrealized gain was $6,300,449 or $0.71 per share for the same period. Fourth Quarter Third Quarter Fourth Quarter Ended Ended Ended November 30, 2009 August 31, 2009 November 30, 2008 ----------------- --------------- ----------------- Total Net Investment Income $160,514 $436,281 $214,887 Per Share $0.02 $0.05 $0.02 Total Net Realized/ Unrealized Gain/(Loss) $6,300,449 $10,064,516 ($30,938,756) Per Share $0.71 $1.13 ($3.47) * The Ibero-America Fund, Inc. changed its name from The Spain Fund, Inc. effective January 20, 2010. The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P. DATASOURCE: The Ibero-America Fund, Inc. CONTACT: Shareholder Contact for The Ibero-America Fund, Inc., +1-800-221-5672

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