NEW YORK, July 30 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. , a registered closed-end investment company, today announced earnings for the second quarter ended May 31, 2010.
Total net assets of the Fund on May 31, 2010 were $54,061,113 compared with $61,486,845 on February 28, 2010 and $58,460,628 on May 31, 2009. On May 31, 2010 the net asset value per share was $6.07 based on 8,905,699 shares outstanding.
May 31, 2010 February 28, 2010 May 31, 2009 ------------ ----------------- ------------ Total Net Assets $54,061,113 $61,486,845 $58,460,628 NAV Per Share $6.07 $6.90 $6.56 Shares Outstanding 8,905,699 8,905,699 8,905,699
For the period March 1, 2010 through May 31, 2010, total net investment income was $291,135 or $0.04 per share. The total net realized and unrealized loss was ($7,716,868) or ($0.87) per share for the same period.
Second Quarter First Quarter Second Quarter Ended Ended Ended May 31, 2010 February 28, 2010 May 31, 2009 ------------ ----------------- ------------ Total Net Investment Income $291,135 $237,910 $445,639 Per Share $0.04 $0.02 $0.05 Total Net Realized/ Unrealized Gain/ (Loss) ($7,716,868) ($11,572,989) $14,944,897 Per Share ($0.87) ($1.30) $1.68 The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P.
The Ibero-America Fund, Inc.
CONTACT: Shareholder Contact: +1-800-221-5672
