The Ibero-America Fund, Inc. Reports First Quarter Earnings
NEW YORK, May 10, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc. (NYSE: SNF), a registered closed-end investment company, today announced earnings for the first quarter ended February 28, 2011.
Total net assets of the Fund on February 28, 2011 were $69,293,175 compared with $61,262,777 on November 30, 2010 and $61,486,845 on February 28, 2010. On February 28, 2011 the net asset value per share was $7.78 based on 8,905,699 shares outstanding.
February 28, 2011 |
November 30, 2010 |
February 28, 2010 |
|||
Total Net Assets |
$69,293,175 |
$61,262,777 |
$61,486,845 |
||
NAV Per Share |
$7.78 |
$6.88 |
$6.90 |
||
Shares Outstanding |
8,905,699 |
8,905,699 |
8,905,699 |
||
For the period December 1, 2010 through February 28, 2011, total net investment loss was ($13,216) or ($0.00)* per share. The total net realized and unrealized gain was $8,649,201 or $0.97 per share for the same period.
First Quarter Ended February 28, 2011 |
Fourth Quarter Ended November 30, 2010 |
First Quarter Ended February 28, 2010 |
||
Total Net Investment Income /(Loss) |
($13,216) |
$133,072 |
$237,910 |
|
Per Share |
($0.00)* |
$0.02 |
$0.02 |
|
Total Net Realized/ Unrealized Gain/(Loss) |
$8,649,201 |
$1,957,221 |
($11,572,989) |
|
Per Share |
$0.97 |
$0.22 |
($1.30) |
|
The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P.
* Amount is less than $0.005.
SOURCE The Ibero-America Fund, Inc.
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