NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- The Ibero-America Fund, Inc. (NYSE: SNF), a registered closed-end investment company, today announced earnings for the fourth quarter ended November 30, 2009.

Total net assets of the Fund on November 30, 2009 were $72,821,924 compared with $67,821,497 on August 31, 2009 and $52,449,747 on November 30, 2008. On November 30, 2009 the net asset value per share was $8.18 based on 8,905,699 shares outstanding.



                       November 30, 2009  August 31, 2009  November 30, 2008
                       -----------------  ---------------  -----------------
    Total Net Assets         $72,821,924      $67,821,497        $52,449,747
    NAV Per Share                  $8.18            $7.62              $5.89
    Shares Outstanding         8,905,699        8,905,699          8,905,699

For the period September 1, 2009 through November 31, 2009, total net investment income was $160,514 or $0.02 per share. The total net realized and unrealized gain was $6,300,449 or $0.71 per share for the same period.



                             Fourth Quarter   Third Quarter    Fourth Quarter
                                      Ended           Ended             Ended
                          November 30, 2009 August 31, 2009 November 30, 2008
                          ----------------- --------------- -----------------
    Total Net Investment
      Income                       $160,514        $436,281          $214,887
    Per Share                         $0.02           $0.05             $0.02

    Total Net Realized/
     Unrealized Gain/(Loss)      $6,300,449     $10,064,516      ($30,938,756)
    Per Share                         $0.71           $1.13            ($3.47)

* The Ibero-America Fund, Inc. changed its name from The Spain Fund, Inc. effective January 20, 2010.

The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P.

SOURCE The Ibero-America Fund, Inc.