NEW YORK, May 10, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc. (NYSE: SNF), a registered closed-end investment company, today announced earnings for the first quarter ended February 28, 2011.
Total net assets of the Fund on February 28, 2011 were $69,293,175 compared with $61,262,777 on November 30, 2010 and $61,486,845 on February 28, 2010. On February 28, 2011 the net asset value per share was $7.78 based on 8,905,699 shares outstanding.
February 28, 2011 November 30, 2010 February 28, 2010 ----------------- ----------------- ----------------- Total Net Assets $69,293,175 $61,262,777 $61,486,845 NAV Per Share $7.78 $6.88 $6.90 Shares Outstanding 8,905,699 8,905,699 8,905,699
For the period December 1, 2010 through February 28, 2011, total net investment loss was ($13,216) or ($0.00)* per share. The total net realized and unrealized gain was $8,649,201 or $0.97 per share for the same period.
First Quarter Fourth Quarter First Quarter Ended Ended Ended February 28, 2011 November 30, 2010 February 28, 2010 ----------------- ----------------- Total Net Investment ($13,216) $133,072 $237,910 Income /(Loss) Per Share ($0.00)* $0.02 $0.02 Total Net Realized/ $8,649,201 $1,957,221 ($11,572,989) Unrealized Gain/(Loss) Per Share $0.97 $0.22 ($1.30)
The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P.
* Amount is less than $0.005.
SOURCE The Ibero-America Fund, Inc.