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.