The Ibero-America Fund, Inc. Reports Second Quarter Earnings
NEW YORK, July 29, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc. (NYSE:SNF), a registered closed-end investment company, today announced earnings for the second quarter ended May 31, 2011.
Total net assets of the Fund on May 31, 2011 were $71,311,603 compared with $69,293,175 on February 28, 2011 and $54,061,113 on May 31, 2010. On May 31, 2011 the net asset value per share was $8.01 based on 8,905,699 shares outstanding.
May 31, 2011 |
February 28, 2011 |
May 31, 2010 |
||
Total Net Assets |
$71,311,603 |
$69,293,175 |
$54,061,113 |
|
NAV Per Share |
$8.01 |
$7.78 |
$6.07 |
|
Shares Outstanding |
8,905,699 |
8,905,699 |
8,905,699 |
|
For the period March 1, 2011 through May 31, 2011, total net investment income was $605,850 or $0.07 per share. The total net realized and unrealized gain was $1,412,578 or $0.16 per share for the same period.
Second Quarter Ended May 31, 2011 |
First Quarter Ended February 28, 2011 |
Second Quarter Ended May 31, 2010 |
||
Total Net Investment Income |
$605,850 |
($13,216) |
$291,135 |
|
Per Share |
$0.07 |
($0.00)* |
$0.04 |
|
Total Net Realized/ Unrealized Gain/(Loss) |
$1,412,578 |
$8,649,201 |
($7,716,868) |
|
Per Share |
$0.16 |
$0.97 |
($0.87) |
|
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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