Courtesy of Benzinga.
The Ibero-America Fund (NYSE: SNF) announced that stockholders of the Fund approved the proposed plan of liquidation and dissolution of the Fund at the Fund’s Special Meeting of Stockholders held today. In connection with the Liquidation, the Fund will close its books and records at the close of business today. The proportionate interests of stockholders in the Fund’s assets will be fixed on the basis of their respective shareholdings at the close of business today. The Fund expects that the Fund’s shares will cease to be traded on the New York Stock Exchange on September 1, 2011.
It is anticipated that the liquidating distributions will take place by approximately the end of September 2011. The Fund expects to make one or more liquidating distributions to stockholders.
The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L.P. with total net assets of $59,237,118.81 as of August 30, 2011.
