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, 2009. Total net assets of the Fund on August 31, 2009 were $67,821,497 compared with $58,460,628 on May 31, 2009 and $85,524,720 on August 31, 2008. On August 31, 2009 the net asset value per share was $7.62 based on 8,905,699 shares outstanding. August 31, 2009 May 31, 2009 August 31, 2008 --------------- ------------ --------------- Total Net Assets $67,821,497 $58,460,628 $85,524,720 NAV Per Share $7.62 $6.56 $9.60 Shares Outstanding 8,905,699 8,905,699 8,905,699 For the period June 1, 2009 through August 31, 2009, total net investment income was $436,281 or $0.05 per share. The total net realized and unrealized gain was $10,064,516 or $1.13 per share for the same period. Third Quarter Second Quarter Third Quarter Ended Ended Ended August 31, 2009 May 31, 2009 August 31, 2008 --------------- -------------- --------------- Total Net Investment Income $436,281 $445,639 $654,215 Per Share $0.05 $0.05 $0.07 Total Net Realized/ Unrealized Gain/(Loss) $10,064,516 $14,944,897 ($18,811,485) Per Share $1.13 $1.68 ($2.11) The Spain Fund, Inc. is managed by AllianceBernstein L.P. DATASOURCE: The Spain Fund, Inc. CONTACT: Shareholder Contact, 1-800-221-5672

Copyright