The Ibero-America Fund, Inc. Reports Third Quarter Earnings
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 |
Second Quarter |
Third Quarter |
||
Total Net Investment Income |
$104,533 |
$291,135 |
$436,281 |
|
Per Share |
$0.01 |
$0.04 |
$0.05 |
|
Total Net Realized/ |
$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.
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