The Ibero-America Fund, Inc. Reports First Quarter Earnings

NEW YORK, May 10, 2011 /PRNewswire/ -- The Ibero-America Fund, Inc. (NYSE: SNF), a registered closed-end investment company, today announced earnings for the first quarter ended February 28, 2011.

Total net assets of the Fund on February 28, 2011 were $69,293,175 compared with $61,262,777 on November 30, 2010 and $61,486,845 on February 28, 2010.  On February 28, 2011 the net asset value per share was $7.78 based on 8,905,699 shares outstanding.

	February 28, 2011	November 30, 2010	February 28, 2010
Total Net Assets	$69,293,175	$61,262,777	$61,486,845
NAV Per Share	$7.78	$6.88	$6.90
Shares Outstanding	8,905,699	8,905,699	8,905,699

For the period December 1, 2010 through February 28, 2011, total net investment loss was ($13,216) or ($0.00)* per share.  The total net realized and unrealized gain was $8,649,201 or $0.97 per share for the same period.

	First Quarter Ended February 28, 2011	Fourth  Quarter Ended November 30, 2010	First Quarter Ended February 28, 2010
Total Net Investment         Income /(Loss)	($13,216)	$133,072	$237,910
Per Share	($0.00)*	$0.02	$0.02
Total Net Realized/   Unrealized Gain/(Loss)	$8,649,201	$1,957,221	($11,572,989)
Per Share	$0.97	$0.22	($1.30)

The Ibero-America Fund, Inc. is managed by AllianceBernstein L.P.

* Amount is less than $0.005.

SOURCE The Ibero-America Fund, Inc.

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