The Ibero-America Fund, Inc. Reports Third Quarter Earnings

Oct 29, 2010, 16:06 ET from The Ibero-America Fund, Inc.

NEW YORK, Oct. 29 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE: SNF), a registered closed-end investment company, today announced earnings for the third quarter ended August 31, 2010.

Total net assets of the Fund on August 31, 2010 were $59,171,702 compared with $54,061,113 on May 31, 2010 and $67,821,497 on August 31, 2009.  On August 31, 2010 the net asset value per share was $6.64 based on 8,905,699 shares outstanding.

August 31, 2010

May 31, 2010

August 31, 2009

Total Net Assets

$59,171,702

$54,061,113

$67,821,497

NAV Per Share

$6.64

$6.07

$7.62

Shares Outstanding

8,905,699

8,905,699

8,905,699

For the period June 1, 2010 through August 31, 2010, total net investment income was $104,533 or $0.01 per share.  The total net realized and unrealized gain was $5,006,056 or $0.56 per share for the same period.

Third Quarter Ended August 31, 2010

Second Quarter Ended May 31, 2010

Third Quarter Ended August 31, 2009

Total Net Investment Income

$104,533

$291,135

$436,281

Per Share

$0.01

$0.04

$0.05

Total Net Realized/   Unrealized Gain/(Loss)

$5,006,056

($7,716,868)

$10,064,516

Per Share

$0.56

($0.87)

$1.13

The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P.

SOURCE The Ibero-America Fund, Inc.