The Spain Fund, Inc. Distribution Declaration

NEW YORK, Sept. 18  /PRNewswire-FirstCall/ -- The Spain Fund, Inc. (NYSE: SNF), a closedend management investment company, declared on this date, September 18, 2009, a quarterly distribution of $0.164 per share of Common Stock, payable on October 2, 2009 to shareholders of record at the close of business on September 30, 2009. Exdate will be September 28, 2009. The quarterly distribution is in accordance with the Fund's policy of paying a quarterly distribution amounting to at least 2.5% of its net asset value, and constitutes exactly that amount. As previously announced, the Fund's Board of Directors ("the Board") approved the suspension of the Fund's managed distribution policy. The Fund will suspend payments under its managed distribution policy effective after this third quarter 2009 distribution. On an annual basis, the Fund will continue to make distributions in order to meet distribution requirements under the Internal Revenue Code, if needed, in the fourth quarter.

The Spain Fund, Inc. is managed by AllianceBernstein L.P. 

DATASOURCE: The Spain Fund, Inc.



CONTACT:  Shareholder Contact, 1-800-221-5672

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