The Ibero-America Fund, Inc. Reports First Quarter Earnings
NEW YORK, April 30 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE: SNF), a registered closed-end investment company, today announced earnings for the first quarter ended February 28, 2010.
Total net assets of the Fund on February 28, 2010 were $61,486,845 compared with $72,821,924 on November 30, 2009 and $44,539,488 on February 28, 2009. On February 28, 2010 the net asset value per share was $6.90 based on 8,905,699 shares outstanding.
February 28, 2010 |
November 30, 2009 |
February 28, 2009 |
||
Total Net Assets |
$61,486,845 |
$72,821,924 |
$44,539,488 |
|
NAV Per Share |
$6.90 |
$8.18 |
$5.00 |
|
Shares Outstanding |
8,905,699 |
8,905,699 |
8,905,699 |
|
For the period December 1, 2009 through February 28, 2010, total net investment income was $237,910 or $0.02 per share. The total net realized and unrealized loss was $11,572,989 or $1.30 per share for the same period.
First Quarter Ended February 28, 2010 |
Fourth Quarter Ended November 30, 2009 |
First Quarter Ended February 28, 2009 |
||
Total Net Investment Income |
$237,910 |
$160,514 |
$287,363 |
|
Per Share |
$0.02 |
$0.02 |
$0.03 |
|
Total Net Realized/ Unrealized Gain/(Loss) |
($11,572,989) |
$6,300,449 |
($6,389,765) |
|
Per Share |
($1.30) |
$0.71 |
($0.72) |
|
The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P.
SOURCE The Ibero-America Fund, Inc.
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