NEW YORK, March 20 /PRNewswire-FirstCall/ -- The Spain Fund, Inc. (NYSE: SNF), a closed-end management investment company, declared on this date, March 20, 2009, a quarterly distribution of $0.165 per share of Common Stock, payable on April 3, 2009 to shareholders of record at the close of business on March 31, 2009. Ex-date will be March 27, 2009. The quarterly distribution is in accordance with the Fund's policy of paying a quarterly distribution amounting to at least 2.5% of its net asset value, and constitutes exactly that amount. The Spain Fund, Inc. is managed by AllianceBernstein L.P. DATASOURCE: The Spain Fund, Inc. CONTACT: Shareholders: +1-800-221-5672

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