NEW YORK, Jan. 28, 2011 /PRNewswire/ -- The Ibero-America
Fund, Inc. (NYSE: SNF), a registered closed-end investment company,
today announced earnings for the fourth quarter ended November 30, 2010.
Total net assets of the Fund on November
30, 2010 were $61,262,777
compared with $59,171,702 on
August 31, 2010 and $72,821,924 on November
30, 2009. On November 30,
2010 the net asset value per share was $6.88 based on 8,905,699 shares outstanding.
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November 30,
2010
|
August 31, 2010
|
November 30,
2009
|
|
|
Total Net
Assets
|
$61,262,777
|
$59,171,702
|
$72,821,924
|
|
|
NAV Per Share
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$6.88
|
$6.64
|
$8.18
|
|
|
Shares
Outstanding
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8,905,699
|
8,905,699
|
8,905,699
|
|
|
|
|
|
|
|
For the period September 1, 2010
through November 30, 2010, total net
investment income was $133,072 or
$0.02 per share. The total net
realized and unrealized gain was $1,957,221 or $0.22
per share for the same period.
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|
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Fourth
Quarter
Ended
November 30,
2010
|
Third
Quarter
Ended
August 31, 2010
|
Fourth Quarter
Ended
November 30,
2009
|
|
|
Total Net Investment
Income
|
$133,072
|
$104,533
|
$160,514
|
|
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Per Share
|
$0.02
|
$0.01
|
$0.02
|
|
|
|
|
|
|
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Total Net
Realized/
Unrealized
Gain/(Loss)
|
$1,957,221
|
$5,006,056
|
$6,300,449
|
|
|
Per Share
|
$0.22
|
$0.56
|
$0.71
|
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The Ibero-America Fund, Inc. is managed by AllianceBernstein
L.P.
SOURCE The Ibero-America Fund, Inc.