NEW YORK, July 31 /PRNewswire-FirstCall/ -- The Spain Fund, Inc. (NYSE: SNF), a registered closed-end investment company, today announced earnings for the second quarter ended May 31, 2009. Total net assets of the Fund on May 31, 2009 were $58,460,628 compared with $44,539,488 on February 28, 2009 and $106,273,548 on May 31, 2008. On May 31, 2009 the net asset value per share was $6.56 based on 8,905,699 shares outstanding. May 31, 2009 February 28, 2009 May 31, 2008 ------------ ----------------- ------------ Total Net Assets $58,460,628 $44,539,488 $106,273,548 NAV Per Share $6.56 $5.00 $11.93 Shares Outstanding 8,905,699 8,905,699 8,905,700 For the period March 1, 2009 through May 31, 2009, total net investment income was $445,639 or $0.05 per share. The total net realized and unrealized gain was $14,944,897 or $1.68 per share for the same period. Second Quarter First Quarter Second Quarter Ended Ended Ended May 31, 2009 February 28, 2009 May 31, 2008 ------------ ----------------- ------------ Total Net Investment Income $445,639 $287,363 $502,047 Per Share $0.05 $0.03 $0.05 Total Net Realized/ Unrealized Gain/(Loss) $14,944,897 ($6,389,765) $7,118,255 Per Share $1.68 ($0.72) $0.80 The Spain Fund, Inc. is managed by AllianceBernstein L.P. DATASOURCE: The Spain Fund, Inc. CONTACT: Shareholder Contact, 1-800-221-5672

Copyright