The Spain Fund, Inc. Reports Third Quarter Earnings
October 30 2008 - 4:06PM
PR Newswire (US)
NEW YORK, Oct. 30 /PRNewswire-FirstCall/ -- The Spain Fund, Inc.
(NYSE: SNF), a registered closed-end investment company, today
announced earnings for the third quarter ended August 31, 2008.
Total net assets of the Fund on August 31, 2008 were $85,524,720,
as compared with $106,273,548 on May 31, 2008 and $119,989,243 on
August 31, 2007. On August 31, 2008, the net asset value per share
was $9.60 based on 8,905,699 shares outstanding. August 31, 2008
May 31, 2008 August 31, 2007 --------------- ------------
--------------- Total Net Assets $85,524,720 $106,273,548
$119,989,243 NAV Per Share $9.60 $11.93 $13.64 Shares Outstanding
8,905,699 8,905,700 8,798,340 For the period June 1, 2008 through
August 31, 2008, total net investment income was $654,215 or $0.07
per share. The total net realized and unrealized loss was
$(18,811,485) or $(2.11) per share for the same period. Third
Quarter Second Quarter Third Quarter Ended Ended Ended August 31,
2008 May 31, 2008 August 31, 2007 --------------- ------------
--------------- Total Net Investment Income $654,215 $502,047
$529,579 Per Share $0.07 $0.05 $0.06 Total Net Realized /
Unrealized Gain (Loss) ($18,811,485) $7,118,255 ($5,892,501) Per
Share ($2.11) $0.80 ($0.67) The Spain Fund, Inc. is managed by
AllianceBernstein L.P. DATASOURCE: The Spain Fund, Inc. CONTACT:
The Spain Fund, Inc., 1-800-221-5672
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