The Ibero-America Fund, Inc. Reports Fourth Quarter Earnings
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.
November 30, 2010 |
August 31, 2010 |
November 30, 2009 |
||
Total Net Assets |
$61,262,777 |
$59,171,702 |
$72,821,924 |
|
NAV Per Share |
$6.88 |
$6.64 |
$8.18 |
|
Shares Outstanding |
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.
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 |
|
Per Share |
$0.02 |
$0.01 |
$0.02 |
|
Total Net Realized/ Unrealized Gain/(Loss) |
$1,957,221 |
$5,006,056 |
$6,300,449 |
|
Per Share |
$0.22 |
$0.56 |
$0.71 |
|
The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P.
SOURCE The Ibero-America Fund, Inc.
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