The Spain Fund, Inc. Reports Fourth Quarter Earnings
30 January 2009 - 8:06AM
PR Newswire (US)
NEW YORK, Jan. 29 /PRNewswire-FirstCall/ -- The Spain Fund, Inc.
(NYSE: SNF), a registered closed-end investment company, today
announced earnings for the fourth quarter ended November 30, 2008.
Total net assets of the Fund on November 30, 2008 were $52,449,747,
as compared with $85,524,720 on August 31, 2008 and $135,680,568 on
November 30, 2007. On November 30, 2008 the net asset value per
share was $5.89 based on 8,905,699 shares outstanding. November 30,
August 31, November 30, 2008 2008 2007 ----------- ---------
------------ Total Net Assets $52,449,747 $85,524,720 $135,680,568
NAV Per Share $5.89 $9.60 $15.40 Shares Outstanding 8,905,699
8,905,699 8,809,280 For the period September 1, 2008 through
November 30, 2008, total net investment income was $214,887 or
$0.02 per share. The total net realized and unrealized loss was
$30,938,756 or $3.47 per share for the same period. Fourth Quarter
Third Quarter Fourth Quarter Ended Ended Ended November 30, 2008
August 31, 2008 November 30, 2007 ----------------- ---------------
----------------- Total Net Investment Income $214,887 $654,215
$221,690 Per Share $0.02 $0.07 $0.03 Total Net Realized/ Unrealized
Gain/(Loss) ($30,938,756) ($18,811,485) $18,379,265 Per Share
($3.47) ($2.11) $2.09 The Spain Fund, Inc. is managed by
AllianceBernstein L.P. DATASOURCE: The Spain Fund, Inc. CONTACT:
Shareholder Contact, 1-800-221-5672
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