The Spain Fund, Inc. Reports First Quarter Earnings
30 April 2009 - 6:06AM
PR Newswire (US)
NEW YORK, April 29 /PRNewswire-FirstCall/ -- The Spain Fund, Inc.
(NYSE: SNF), a registered closed-end investment company, today
announced earnings for the first quarter ended February 28, 2009.
Total net assets of the Fund on February 28, 2009 were $44,539,488
compared with $52,449,747 on November 30, 2008 and $101,243,107 on
February 29, 2008. On February 28, 2009 the net asset value per
share was $5.00 based on 8,905,699 shares outstanding. February 28,
2009 November 30, 2008 February 29, 2008 -----------------
----------------- ----------------- Total Net Assets $44,539,488
$52,449,747 $101,243,107 NAV Per Share $5.00 $5.89 $11.39 Shares
Outstanding 8,905,699 8,905,699 8,892,662 For the period December
1, 2008 through February 28, 2009, total net investment income was
$287,363 or $0.03 per share. The total net realized and unrealized
loss was $6,389,765 or $0.72 per share for the same period. First
Quarter Fourth Quarter First Quarter Ended Ended Ended February 28,
2009 November 30, 2008 February 29, 2008 -----------------
----------------- ----------------- Total Net Investment Income
$287,363 $214,887 $151,184 Per Share $0.03 $0.02 $0.02 Total Net
Realized/ Unrealized Loss ($6,389,765) ($30,938,756) ($13,582,083)
Per Share ($0.72) ($3.47) ($1.52) The Spain Fund, Inc. is managed
by AllianceBernstein L.P. DATASOURCE: The Spain Fund, Inc. CONTACT:
Shareholder Contact, 1-800-221-5672
Copyright