SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number: 811-05189 The Ibero-America Fund, Inc. (Exact name of registrant as specified in charter) AllianceBernstein L.P. 1345 Avenue of the Americas, New York, New York l0105 (Address of Principal Executive Office) (Zip Code) Registrant's Telephone Number, including Area Code: (800) 221-5672 EMILIE D. WRAPP AllianceBernstein L.P. 1345 Avenue of the Americas New York, New York l0105 (Name and address of agent for service) Copies of communications to: Kathleen K. Clarke 1200 G Street, N.W. Washington, D.C. 20005 Date of fiscal year end: November 30 Date of reporting period: July 1, 2009 - June 30, 2010 Item 1. Proxy Voting Record. ******************************* FORM N-PX REPORT *************************** ICA File Number: 811-05189 Reporting Period: 07/01/2009 - 06/30/2010 The Ibero-America Fund, Inc. (f/k/a, The Spain Fund, Inc.) ========================= The Ibero-America Fund, Inc. ========================= ABENGOA S.A. Ticker: ABG Security ID: E0002V179 Meeting Date: APR 10, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements for Fiscal Year 2009; Approve Discharge of Directors 2 Approve Allocation of Income for Fiscal For For Management Year 2009 3.1 Re-elect Mercedes Gracia Diez as a For For Management Director for a Four-Year Term 3.2 Re-elect Jose Borrel Fontelles as a For For Management Director for a Four-Year Term 4 Re-elect or Ratify Auditor for 2010 For For Management 5 Approve Board Remuneration Report For For Management 6 Authorize Board to Increase Capital For For Management Without Preemptive Rights in Accordance with Article 153.1b and 159.2 of the Spanish Company Law; Void Authorization to Increase Capital Granted at AGM Held on April 6, 2008 7 Authorize Issuance of Convertible and For For Management Non-convertible Bonds/Debentures and/or Debt Securities with Possibility of Partial or Full Exclusion of Preemptive Rights; Void Previous Authorization 8 Authorize Repurchase of Shares; Void For For Management Previous Authorization 9 Authorize Board to Ratify and Execute For For Management Approved Resolutions 10 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- ABERTIS INFRAESTRUCTURAS S.A(FORMERLY AUTOPISTAS C Ticker: ABE Security ID: E0003D111 Meeting Date: APR 27, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements, Statutory Reports, Allocation of Income, and Discharge Directors 2 Authorize Increase in Capital up to EUR For For Management 2.22 Billion through the Issuance of 35.19 Million New Shares Charged to Issue Premium Reserves, Via a 1:20 Bonus Issue ; Amend Article 5 Accordingly 3 Authorize Increase in Capital via For For Management Isuance of Equity or Equity-Linked Securities without Preemptive Rights in Accordance with Article 153.1 of Spanish Corporations Law; Amend Article 5 Accordingly 4.1 Ratify Francis Reynes Massanet as For Against Management Director 4.2 Ratify Julio Sacristan Fidalgo as For Against Management Director 4.3 Re-elect Pablo Vallbona Vadell as For Against Management Director 4.4 Re-elect Miguel Angel Gutierrez Mendez For For Management as Director 4.5 Re-elect Comunidades Gestionadas as For Against Management Director 5 Elect Auditor for the Company and it's For Abstain Management Consolidated Group 6 Approve 2010 Stock Award Plan and 2010 For For Management Stock Option Plan 7 Authorize Repurchase of Shares and For For Management Subsequent Capital Reduction via Amortization of Shares 8 Authorize Issuance of Convertible Bonds For For Management or Other Debt Instrument without Preemptive Rights 9 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- AMERICA MOVIL S.A.B. DE C.V. Ticker: AMXL Security ID: P0280A101 Meeting Date: MAR 17, 2010 Meeting Type: Special Record Date: MAR 1, 2010 # Proposal Mgt Rec Vote Cast Sponsor 1 Authorize Board to Carry Out Operations For Abstain Management that Represent 20 Percent or More of the Assets of the Consolidated Group, in Compliance with Clause 17 of Company Bylaws and Article 47 of the Mexican Stock Exchange Law 2 Authorize Board to Ratify and Execute For Abstain Management Approved Resolutions -------------------------------------------------------------------------------- AMERICA MOVIL S.A.B. DE C.V. Ticker: AMXL Security ID: P0280A101 Meeting Date: APR 7, 2010 Meeting Type: Special Record Date: MAR 23, 2010 # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors for Class L Shares For Abstain Management 2 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- AMERICA MOVIL, S.A.B. DE C.V. Ticker: AMXA Security ID: P0280A101 Meeting Date: DEC 1, 2009 Meeting Type: Special Record Date: NOV 16, 2009 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Cash Dividends of MXN 0.50 Per For Did Not Vote Management Share to Series A, AA and L 2 Approve Report on Tax Obligations in For Did Not Vote Management Accordance with Article 86 of Tax Law 3 Designate Inspector or Shareholder For Did Not Vote Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- BANCO BILBAO VIZCAYA ARGENTARIA, S.A. Ticker: BBVA Security ID: E11805103 Meeting Date: MAR 11, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements and Statutory Reports; Approve Allocation of Income and Distribution of Dividends for Fiscal Year Ended Dec. 31, 2009; Approve Discharge of Directors 2.1 Re-elect Francisco Gonzales Rodriguez For For Management 2.2 Ratify and Re-elect Angel Cano For For Management Fernandez 2.3 Re-elect Ramon Bustamente y de la Mora For For Management 2.4 Re-elect Ignacio Ferrero Jordi For For Management 3 Authorize Share Repurchase and For For Management Subsequent Capital Reduction via Amortization of Shares 4 Approve Share Incentive Scheme Plan for For For Management Management Team, Executive Directors and Executive Committee 5 Re-elect Auditors for Company and For For Management Consolidated Group for Fiscal Year 2010 6 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- BANCO COMPARTAMOS S.A. INSTITUCION DE BANCA MULTIPLE Ticker: COMPARTO Security ID: P08915103 Meeting Date: APR 19, 2010 Meeting Type: Annual Record Date: APR 5, 2010 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements and Accept For For Management Board of Directors Report for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income For For Management 3 Accept Report on Share Repurchase Fund For For Management Status and Set Maximum Aggregate Amount for Share Repurchase for Fiscal Year 2010 4 Present Report of Compliance with For For Management Fiscal Obligations 5 Elect Directors; Verify Independence For Abstain Management Classification 6 Elect Members to Audit Committee For Abstain Management 7 Elect Supervisory Board Members For Abstain Management 8 Approve Remuneration of Directors and For For Management Supervisory Board Members 9 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- BANCO ESPIRITO SANTO Ticker: BES Security ID: X0346X153 Meeting Date: JUL 16, 2009 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Luis Carlos Trabucco Cappi as For Did Not Vote Management Director -------------------------------------------------------------------------------- BANCO SANTANDER S.A. Ticker: SAN Security ID: E19790109 Meeting Date: JUN 10, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports and Discharge Directors for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income For For Management 3.1 Elect Angel Jado Becerro de Bengoa as For For Management Director 3.2 Re-elect Francisco Javier Botin-Sanz de For For Management Sautuola y O'Shea as Director 3.3 Re-elect Isabel Tocino Biscarolasaga as For For Management Director 3.4 Re-elect Fernando de Asua Alvarez as For For Management Director 3.5 Re-elect Alfredo Saenz Abad For For Management 4 Reelect Auditors for Fiscal Year 2010 For For Management 5 Authorize Repurchase of Shares in For For Management Accordance With Article 75 of Spanish Company Law; Void Authorization Granted on June 19, 2009 6 Authorize Issuance of Equity or For For Management Equity-Linked Securities without Preemptive Rights in Accordance to Article 153 1.a) of the Spanish Corporate Law; Void Authorization Granted at the AGM held on June 19, 2009 7.1 Authorize Increase in Capital through For For Management Bonus Share Issuance 7.2 Authorize Increase in Capital through For For Management Bonus Share Issuance 8 Grant Board Authorization to Issue For For Management Convertible and/or Exchangeable Debt Securities without Preemptive Rights 9.1 Approve Bundled Incentive Plans Linked For For Management to Performance Objectives 9.2 Approve Savings Plan for Santander UK For For Management PLC' Employees and other Companies of Santander Group in the United Kingdom 10 Authorize Board to Ratify and Execute For For Management Approved Resolutions 11 Approve Director Remuneration Policy For For Management Report -------------------------------------------------------------------------------- BMF BOVESPA S.A. BOLSA VALORES MERC FUT Ticker: BVMF3 Security ID: P73232103 Meeting Date: APR 20, 2010 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For For Management Dividends 3 Approve Remuneration of Executive For For Management Officers, Non-Executive Directors 4 Approve Acquisition of CME Group, Inc. For For Management by BM&FBovespa -------------------------------------------------------------------------------- BOLSAS Y MERCADOS ESPANOLES, SOCIEDAD HLDG DE MERCADOS Y SISTEMAS FINANCIERS S.A Ticker: BME Security ID: E8893G102 Meeting Date: APR 28, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2009; Approve Discharge of Directors 2 Approve Allocation of Income for Fiscal For For Management Year Ended Dec. 31, 2009 3 Approve Special Dividend Distribution For For Management Charged to Unrestricted Reserves 4.1 Reelect Margarita Prat Rodrigo as For For Management Director for a Four-Year Term 4.2 Reelect Alvaro Cuervo Garcia as For For Management Director for a Four-Year Term 4.3 Reelect Karel Lannoo as Director for a For For Management Four-Year Term 4.4 Reelect Manuel Olivencia Ruiz as For For Management Director for a Four-Year Term 4.5 Elect Rosa Maria Garcia Garcia as For For Management Director for a Four-Year Term 4.6 Elect Carlos Stilianopoulos Ridruejo as For For Management Director for a Four-Year Term 5 Approve Remuneration of Chairman of the For For Management Board of Directors 6 Approve Remuneration of Directors For For Management 7 Re-elect Deloitte. Sociedad Limitada as For For Management Auditor of Company and Consolidated Group 8 Authorize Repurchase of Shares For For Management 9 Authorize Board to Ratify and Execute For For Management Approved Resolutions 10 Receive Amendments on Board of None None Management Directors' Guidelines According to Article 115 of the Spanish Securities Market Law 11 Allow Questions None None Management -------------------------------------------------------------------------------- BR MALLS PARTICIPACOES S.A. Ticker: BRML3 Security ID: P1908S102 Meeting Date: APR 30, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For Did Not Vote Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For Did Not Vote Management Dividends 3 Elect Directors For Did Not Vote Management -------------------------------------------------------------------------------- BR MALLS PARTICIPACOES S.A. Ticker: BRML3 Security ID: P1908S102 Meeting Date: APR 30, 2010 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Remuneration of Executive For Did Not Vote Management Officers, Non-Executive Directors, and Fiscal Council Members -------------------------------------------------------------------------------- COMPANHIA DE BEBIDAS DAS AMERICAS - AMBEV Ticker: AMBV3 Security ID: P0273S127 Meeting Date: APR 28, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For For Management Dividends 3 Approve Remuneration of Executive For Abstain Management Officers, Non-Executive Directors 4 Elect Fiscal Council Members and Fix For For Management Their Remuneration -------------------------------------------------------------------------------- CORPORACION FINANCIERA ALBA, S. A. Ticker: ALB Security ID: E33391132 Meeting Date: MAY 26, 2010 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements for Fiscal Year Ended December 31, 2009 2 Approve Discharge of Directors for For For Management Fiscal Year 2009 3 Approve Allocation of Income and For For Management Dividends 4.1 Elect Eugenio Ruiz-Galvez Priego as For For Management Independent Director for a Four-Year Term 4.2 Re-elect Pablo Vallbona Vadell as For For Management Executive Director for a Four-Year Term 4.3 Re-elect Isidro Fernandez Barreiro as For For Management Non-Independent Director for a Four-Year Term 4.4 Re-elect Santos Martinez-Conde For For Management Gutierrez-Barquin as Executive Director for a Four-Year Term 4.5 Re-elect Francisco Verdu Pons as For For Management Non-Independent Director for a Four-Year Term 5 Approve Capital Reduction via For For Management Amortization of Treasury Shares; Amend Article 5 of Company Bylaws 6 Authorize Repurchase of Shares and For For Management Subsequent Reduction in Share Capital 7 Approve Remuneration of Directors For For Management 8 Approve Remuneration System Consisting For For Management of Stock Issuance to Employees as Part of their Variable Remuneration 9 Approve Transfer of Excess Legal For For Management Reserves Derived from Capital Reduction to Voluntary Reserves 10 Authorize Board to Ratify and Execute For For Management Approved Resolutions 11 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- CRITERIA CAIXACORP SA Ticker: CRI Security ID: E3641N103 Meeting Date: MAY 19, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Consolidated and Individual For For Management Financial Statements and Statutory Reports for the Year Ended on Dec. 31, 2009 2 Approve Discharge of Directors For For Management 3 Approve Allocation of Income and For For Management Dividends for the Year Ended Dec. 31, 2009 4 Approve Dividend of EUR 0.60 Per Share For For Management to be Distributed during the First Trimester of 2011 5.1 Fix Number of Directors to 16 For For Management 5.2 Re-elect Isidro Faine Casas as Director For For Management to Represent Caixa d'Estalvis i Pensions de Barcelona for a Period of 6 Years 5.3 Re-elect Javier Godo Muntanola as For For Management Director to Represent Caixa d'Estalvis i Pensions de Barcelona for a Period of 6 Years 5.4 Re-elect Jorge Mercader Miro as For For Management Director to Represent Caixa d'Estalvis i Pensions de Barcelona for a Period of 6 Years 5.5 Ratify and Appoint Gonzalo Gortazar For For Management Rotaeche as Executive Director for a Period of 6 Years 5.6 Ratify and Appoint Immaculada Juan For For Management Franch as Director to Represent Caixa d'Estalvis i Pensions de Barcelona for a Period of 6 Years 5.7 Ratify and Appoint Maria Dolors Llobet For For Management Maria as Director to Represent Caixa d'Estalvis i Pensions de Barcelona for a Period of 6 Years 5.8 Ratify and Appoint Leopoldo Rodes For For Management Castane as Director to Represent Caixa d'Estalvis i Pensions de Barcelona for a Period of 6 Years 6 Authorize Repurchase of Shares and Void For For Management Unused Previous Authorization Granted at the AGM Held on May 7, 2009 7 Authorize Issuance of Convertible Debt For For Management Instruments without Preemptive Rights; Consequently Authorize Capital Increase 8 Re-elect Auditor of Individual and For For Management Consolidated Accounts for Fiscal Year 2011 9 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- DIAGNOSTICOS DA AMERICA SA Ticker: DASA3 Security ID: P3589C109 Meeting Date: JUN 9, 2010 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles 11 and 48 For For Management 2 Consolidate Company's Bylaws For For Management -------------------------------------------------------------------------------- EBRO PULEVA S.A. Ticker: EVA Security ID: E38028135 Meeting Date: MAY 31, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year Ended December 31, 2009 2 Approve Discharge of Directors for For For Management Fiscal Year Ended Dec. 31, 2009 3 Approve Allocation of Income and For For Management Dividends of EUR 0.40 Per Share 4 Approve Sale of Dairy Products Business For For Management 5 Approve Extraordinary Dividend of EUR For For Management 0.60 per Share Based on the Results from the Sale of the Dairy Products Business 6 Authorize Share Repurchase Program and For For Management Cancellation of Repurchased Shares in Accordance with Article 75 7 Authorize Donations to Ebro Puleva For For Management Foundation 8 Amend Articles 1, 9, 11 12, 17, 22 30, For For Management 31, 32, 36, 37 and 38 of Company Bylaws 9 Amend Articles 2, 6, 8 and 14 of For For Management General Meeting Regulations 10 Approve Remuneration of Directors and For For Management Present Remuneration Report for Fiscal Year Ended December 31, 2009; Authorize Board to Establish an Incentive Plan that will Include Delivery of Shares 11 Fix Number of Directors According to For For Management Article 19 of Company Bylaws 12 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- EDP RENOVAVEIS SA Ticker: EDPR Security ID: E3847K101 Meeting Date: APR 13, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income for Fiscal For For Management Year Ended December 31, 2009 3 Approve Individual and Consolidated For For Management Management Report and Corporate Governance Report for Fiscal Year Ended Dec. 31, 2009 4 Approve Discharge of Directors for For For Management Fiscal Year Ended Dec. 31, 2009 5 Approve Remuneration Report For For Management 6 Amend Sections 1 and 2 of Article 17 of For For Management Company Bylaws Re: Assembly Quorum Requirements 7 Authorize Share Repurchase Program For For Management 8 Reelect KPMG Auditores, S.L. as Auditor For For Management 9 Approve Fiscal Consolidation of Tax For For Management Regime 10 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- EDP-ENERGIAS DE PORTUGAL S.A Ticker: EDP Security ID: X67925119 Meeting Date: APR 16, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For Did Not Vote Management Statutory Reports for Fiscal 2009 2 Approve Allocation of Income and For Did Not Vote Management Dividends 3 Approve Discharge of Management and For Did Not Vote Management Supervisory Board 4 Authorize Repurchase and Reissuance of For Did Not Vote Management Shares 5 Authorize Repurchase and Reissuance of For Did Not Vote Management Debt Instruments 6 Approve Remuneration Report Issued by For Did Not Vote Management Remuneration Committee for the Executive Directors 7 Approve Remuneration Report Issued by For Did Not Vote Management Remuneration Committee for the Corporate Bodies 8 Elect Supervisory Board Member None Did Not Vote Shareholder -------------------------------------------------------------------------------- ENAGAS SA Ticker: ENG Security ID: E41759106 Meeting Date: APR 29, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year 2009 2 Approve Allocation of Income for Fiscal For For Management Year 2009 3 Approve Discharge of Directors For For Management 4 Re-elect Deloitte, S.L. as Auditor of For For Management the Company and Consolidated Group for Fiscal Year 2010 5 Amend Article 2 of the Company Bylaws For For Management Re: Business Purpose 6 Amend Article 45 of the Company Bylaws For For Management Re: Conferring of Corporate Social Responsibility Functions on the Nomination and Compensation Committee 7 Amend Article 49 of the Company Bylaws For For Management Re: Preparation of Financial Statements in Accordance with Article 172 of the Consolidated Text of the Corporations Law 8.1 Re-elect Antonio Llarden Carratala as For For Management Executive Director for a Four-Year Term 8.2 Re-elect Miguel Angel Lasheras Merino For For Management as Independent Director for a Four-Year Term 8.3 Re-elect Dionisio Martinez Martinez as For For Management Independent Director for a Four-Year Term 8.4 Re-elect Jose Riva Francos as For For Management Independent Director for a Four-Year Term 8.5 Re-elect Teresa Garcia-Mila Lloveras as For For Management Independent Director for a Four-Year Term 8.6 Re-elect Said Mohamed Abdullah Al For For Management Masoudi as Non-Independent Director for a Four-Year Term 8.7 Elect Sagane Inversiones Sociedad For For Management Limitada as Non-Independent Director for a Four-Year Term 8.8 Elect Isabel Sanchez Garcia as For For Management Independent Director for a Four-Year Term 8.9 Fix Number of Directors to 16 Members For For Management 9 Approve Remuneration of Directors for For For Management 2010 10 Authorize Share Repurchase Program For For Management 11 Receive Special Board Report in None None Management Compliance with Article 116 bis of the Corporations Law 12 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- FERROVIAL SA Ticker: FER Security ID: E3125D100 Meeting Date: OCT 22, 2009 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1.1 Receive Report on Asset and Liabilities None None Management of the Company and of Cintra Infraestructuras SAU 1.2 Approve Company Balance Sheet as of For For Management April 30, 2009 for the Subsidiarisation 1.3 Approve Subsidiarisation of the Company For For Management to Cintra Infraestructuras SAU 2.1 Receive Report on Asset and Liabilities None None Management of the Company and of Grupo Ferrovial SA 2.2 Approve Company Balance Sheet as of For For Management April 30, 2009 Considered in the Merger Balance Sheet 2.3 Approve Issuance of 165 Million Shares For For Management in Connection with the Joint Merger Project 2.4 Approve Adoption of New Company Bylaws For For Management on Date of Joint Merger Approval 2.5 Approve Adoption of New Regulations on For For Management General Meetings on Date of Joint Merger Approval 2.6 Approve Merger by Absorption of Grupo For For Management Ferrovial SA by Company and Approve Joint Merger Project 3.1 Remove the Board of Directors of the For For Management Company 3.2 Fix Number of Directors For For Management 3.3 Elect Rafael del Pino y Calvo-Sotelo to For For Management the Board of Directors for a Three-year Term 3.4 Elect Jose Maria Perez Tremps to the For For Management Board of Directors for a Three-year Term 3.5 Elect Santiago Bergareche Busquet to For For Management the Board of Directors for a Three-year Term 3.6 Elect Jaime Carvajal Urquijo to the For For Management Board of Directors for a Three-year Term 3.7 Elect Representative of Portman Baela For For Management SL to the Board of Directors for a Three-year Term 3.8 Elect Juan Arena de la Mora to the For For Management Board of Directors for a Three-year Term 3.9 Elect Santiago Eguidazu Mayor to the For For Management Board of Directors for a Three-year Term 3.10 Elect Joaquin Ayuso Garcia to the Board For For Management of Directors for a Three-year Term 3.11 Elect Gabriele Burgio to the Board of For For Management Directors for a Three-year Term 3.12 Elect Maria del Pino y Calvo-Sotelo to For For Management the Board of Directors for a Three-year Term 3.13 Elect Santiago Fernandez Valbuena to For For Management the Board of Directors for a Three-year Term 3.14 Elect Inigo Meiras Amusco to the Board For For Management of Directors for a Three-year Term 3.15 Elect Jose Fernando Sanchez-Junco Mans For For Management to the Board of Directors for a Three-year Term 4.1 Establish Remuneration of Board of For For Management Directors 4.2 Approve Implementation of Remuneration For For Management Policy in the Previous Item 5 Authorize Increase in Capital by EUR 73 For For Management Million with Possible Exclusion of Preemptive Rights in Accordance with Articles 153.1.b) and 159.2 of Spanish Companies Law 6 Authorize Issuance of Convertible For For Management Securities; Authorize Board to Set Issuance Terms and Increase in Share Capital with Exclusion of Preemptive Rights 7 Authorize Repurchase of Shares and For For Management Allocate Treasury Shares to Compensation Program in Accordance with Article 75 of Spanish Companies Law 8 Designate Two Shareholders to Approve For For Management and Sign Minutes of Meeting -------------------------------------------------------------------------------- FIBRIA CELULOSE SA Ticker: FIBR3 Security ID: P9806R225 Meeting Date: APR 30, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For For Management Dividends 3 Approve Capital Budget for Upcoming For For Management Fiscal Year 4 Elect Fiscal Council Members For For Management 5 Approve Remuneration of Executive For Abstain Management Officers, Non-Executive Directors, and Fiscal Council Members -------------------------------------------------------------------------------- FIBRIA CELULOSE SA Ticker: FIBR3 Security ID: P9806R225 Meeting Date: APR 30, 2010 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Amend Articles For For Management -------------------------------------------------------------------------------- GAS NATURAL SDG, S.A. Ticker: GAS Security ID: E5499B123 Meeting Date: APR 20, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports For the Year Ended Dec. 31, 2009 2 Accept Consolidated Financial For For Management Statements and Statutory Reports For the Year Ended Dec. 31, 2009 3 Approve Allocation of Income From For For Management Fiscal Year 2009 and Distribution of Dividends 4 Approve Discharge of Directors For For Management 5 Re-Elect Auditors for the Company and For For Management Group For Fiscal Year 2010 6.1 Re-Elect Antonio Brufau Niubo as For For Management Director 6.2 Re-Elect Enrique Alcantara-Garcia For For Management Irazoqui as Director 6.3 Elect Luis Suarez de Lezo Mantilla as For For Management Director 7 Authorize Issuance of Non Convertible For For Management Bonds/Debentures; Void Authorization Granted on AGM of May 16, 2007 8 Authorize Repurchase of Shares; Void For For Management Authorization Granted on AGM of June 26, 2009 9 Authorize Issuance of Equity or For For Management Equity-Linked Securities without Preemptive Rights of up to 50 Percent of Capital in Accordance with Articles 153.1.b of Spanish Companies Law; Consequently Amend Company Bylaws; Void Authorization Granted on Previous AGM 10 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- GRUPO CATALANA OCCIDENTE S.A Ticker: GCO Security ID: E5701Q116 Meeting Date: APR 29, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual Financial Statements For For Management and Statutory Reports for Fiscal Year 2009 2 Approve Allocation of Income For For Management 3 Accept Consolidated Financial For For Management Statements and Statutory Reports for Fiscal Year 2009 4 Approve Discharge of Directors for the For For Management Fiscal Year 2009 5.1 Fix Number of Directors at 16 Members For For Management 5.2 Reelect Jose Ma. Serra Farre as For For Management Director 5.3 Reelect Jorge Enrich Serra as Director For For Management 5.4 Reelect Ma. Assumpta Soler Serra as For For Management Director 5.5 Elect Gestion de Activos y Valores S.L. For For Management as Director 5.6 Elect Lacanuda Consell S.L. as Director For For Management 5.7 Elect Jusal S.L. as Director For For Management 6 Elect External Auditor for the Company For For Management and its Consolidated Group 7 Receive Changes to Board of Directors' None None Management Guidelines Re: Composition of the Nomination and Remuneration Committee 8 Authorize Repurchase of Shares and Use For For Management Treasury Shares for Remuneration Plan of the Company and its Group; Cancel Authorization Granted at the AGM Held on April 30, 2009 9 Approve Issuance of Convertible Fixed For For Management Debt Securities without Preemptive Rights 10 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- GRUPO FINANCIERO BANORTE S.A.B. DE C.V. Ticker: GFNORTEO Security ID: P49501201 Meeting Date: APR 23, 2010 Meeting Type: Annual Record Date: APR 9, 2010 # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Financial Statements and For For Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income For For Management 3 Approve Dividends of MXN 0.17 Per Share For For Management 4 Elect Directors; Verify Independence of For Abstain Management Board Members 5 Approve Remuneration of Directors For For Management 6 Elect Members of Audit and Corporate For Abstain Management Practices Committee 7 Present Report on Company's 2009 Share For For Management Repurchase Program; Set Maximum Nominal Amount of Share Repurchase Reserve for 2010 8 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting 9 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- IBERDROLA RENOVABLES SA Ticker: IBR Security ID: E6244B103 Meeting Date: JUN 9, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Individual and Consolidated For For Management Management Reports for Fiscal Year Ended Dec. 31, 2009 3 Approve Discharge of Directors For For Management 4 Re-elect External Auditor of Individual For For Management and Consolidated Accounts for Fiscal Year 2010 5 Approve Allocation of Income and For For Management Distribution of Dividends Corresponding to Fiscal Year Ended Dec. 31, 2009 6.1 Ratify Appointment of Emilio Ontiveros For For Management Baeza as an Independent Director 6.2 Ratify Appointment of Manuel Amigo For For Management Mateos as an Independent Director 6.3 Ratify Appointment of Juan Manuel For For Management Gonzalez Serna as an Independent Director 6.4 Ratify Appointment of Gustavo Buesa For For Management Ibanez as an Independent Director 7 Authorize Repurchase of Shares; Void For For Management Previous Authorization to the Extent of Unused Portion 8 Authorize Board to Establish and Fund For For Management Associations and Foundations; Void Previous Authorization to the Extent of Unused Portion 9 Amend Articles 9, 43 and 53 of the For For Management Company Bylaws 10 Amend and Approve New Text of General For For Management Meeting Guidelines 11 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- IBERDROLA S.A. Ticker: IBE Security ID: E6165F166 Meeting Date: MAR 26, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual and Consolidated For For Management Financial Statements for the Fiscal Year Ended Dec. 31, 2009 2 Accept Management's Report on Company For For Management and Consolidated Group 3 Approve Discharge of Directors for the For For Management Year Ended Dec. 31, 2009. 4 Re-elect Auditor for Company and For For Management Consolidated Group for Fiscal Year 2010. 5 Approve Allocation of Income and For For Management Dividends 6 Approve Increase in Capital up to EUR For For Management 1.87 Million via Capitalization of Reserves; Modify Article 5 of Company By-laws 7.1 Elect Maria Helena Antolin Raybaud as For For Management Independent Director 7.2 Elect Santiago Martinez Lage as For For Management Independent Director 7.3 Re-Elect Victor de Urrutia Vallejo as For For Management Independent Director 7.4 Re-Elect Ricardo Alvarez Isasi as For For Management Independent Director 7.5 Re-Elect Jose Ignacio Berroeta For For Management Echevarria as Independent Director 7.6 Re-Elect Juan Luis Arregui Ciarsolo as For For Management Independent Director 7.7 Re-Elect Jose Ignacio Sanchez Galan as For For Management Executive Director 7.8 Re-Elect Julio de Miguel Aynat as For For Management Independent Director 7.9 Re-Elect Sebastian Battaner Arias as For For Management Independent Director 7.10 Fix Number of Directors For For Management 8 Authorize Repurchase of Shares; Cancel For For Management Authorization to Repurchase Shares Granted at the AGM Held on March 20, 2009 9 Authorize Board to Issue Within Five For For Management Years Bonds,Debentures, and/or Other Debt Securities up to Aggregate Nominal Amount of EUR 20 Billion and Promissory Notes up to an Amount of EUR 6 Billion. Void Authorization Granted at the AGM held on March 20, 2009 10 Approve Listing and Delisting of For For Management Shares, Debt Securities, Bonds, Promissory Notes, and Preferred Stock, in Spain and Foreign Secondary Markets; Void Authorization Granted at the AGM held on March 20, 2009 11 Authorize Board to Approve the Creation For For Management of Foundation; Void Authorization Granted at the AGM held on March 20, 2009 12 Modify Articles 11 and 62 of the For For Management Corporate By-laws 13 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- INDUSTRIA DE DISENO TEXTIL (INDITEX) Ticker: ITX Security ID: E6282J109 Meeting Date: JUL 14, 2009 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual Financial Statements For For Management and Statutory Reports and Discharge Directors for Fiscal Year Ended January 31, 2009 2 Approve Consolidated Financial For For Management Statements and Statutory Reports and Discharge Directors for Fiscal Year Ended January 31, 2009 3 Approve Allocation of Income and For For Management Dividends 4.1 Reelect Carlos Espinosa de los Monteros For For Management as Director 4.2 Reelect Francisco Luzon Lopez as For For Management Director 5 Reelect Auditors For For Management 6 Authorize Repurchase of Shares For For Management 7 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- ITAUSA, INVESTIMENTOS ITAU S.A. Ticker: ITSA4 Security ID: P58711105 Meeting Date: APR 30, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For Did Not Vote Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For Did Not Vote Management Dividends 3 Elect Corporate Bodies For Did Not Vote Management 4 Approve Remuneration of Executive For Did Not Vote Management Officers, Non-Executive Directors, and Fiscal Council Members -------------------------------------------------------------------------------- LOJAS RENNER Ticker: LREN3 Security ID: P6332C102 Meeting Date: APR 22, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For For Management Dividends 3 Elect Directors and Approve Their For For Management Remuneration 4 Elect Fiscal Council Member and Approve For For Management Their Remuneration -------------------------------------------------------------------------------- OBRASCON HUARTE LAIN S.A. Ticker: OHL Security ID: E7795C102 Meeting Date: NOV 26, 2009 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Authorize The Board to Issue Simple For For Management Non-Convertible Debt Securities; Void Previous Authorization 2 Authorize Board to Increase Capital in For For Management Accordance with Article 153.1.b of Spanish Company Law 3 Authorize Board to Ratify and Execute For For Management Approved Resolutions 4 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- OBRASCON HUARTE LAIN S.A. Ticker: OHL Security ID: E7795C102 Meeting Date: MAY 18, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year 2009 2 Approve Allocation of Income in the For For Management Amount of EUR 59.3 Million; Approve EUR 1,469 Million for Legal Reserves, EUR 14.9 Million Free Reserves, and EUR 0.43 Gross Dividend per Share to be Paid on June 1, 2010. 3 Approve Discharge of Directors For For Management 4 Re-elect Deloitte, S.L. as Auditors of For For Management the Company and Consolidated Group 5 Authorize Repurchase of Shares For For Management 6.1 Re-elect Juan Luis Mato Rodriguez as For For Management Independent Director for a 6-Year Term 6.2 Ratify the Appointment of Alberto For For Management Miguel Terol Esteban as Independent Director for a 6-Year Term 6.3 Ratify the Appointment of Alvaro For For Management Villar-Mir de Fuentes as Non-Independent, Non-Executive Director for a 6-Year Term 7 Approve Director Remuneration Report For For Management 8 Present Management Report in Compliance For For Management with Art. 116 Bis 9 Amend Stock Option Plan for Executives For Against Management in Connection with the Change in Stock Quote 10 Amend Article 9 of the Company Bylaws For For Management Re: Issuance of Debentures and other Securities 11 Receive Changes to Board of Directors' None For Management Guidelines 12 Approve Report on the Issuance of None None Management Bonds/ Debentures Based on the EGM of Nov. 26, 2009 13 Authorize Board to Ratify and Execute For For Management Approved Resolutions 14 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- PROSEGUR COMPANIA DE SEGURIDAD S.A. Ticker: PSG Security ID: E83453162 Meeting Date: JUN 28, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements and Statutory Reports, Allocation of Income, and Discharge Directors for Fiscal Year 2009 2 Approve Dividend For For Management 3.1 Re-elect Helena Irene Revoredo For For Management Delvecchio as Director 3.2 Re-elect Isidro Fernandez Barreiro as For For Management Director 3.3 Re-elect Christian Gut Revoredo as For For Management Director 3.4 Re-elect Mirta Maria Giesso Cazenave as For For Management Director 3.5 Re-elect Chantal Gut Revoredo as For For Management Director 4 Authorize Repurchase of Shares For For Management 5 Elect Auditors of Company and For For Management Consolidated Group 6 Fix Aggregate Limit for Remuneration of For For Management Directors 7 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- REDECARD SA Ticker: RDCD3 Security ID: P79941103 Meeting Date: APR 15, 2010 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For For Management Dividends 3 Elect Directors For For Management 4 Approve Remuneration of Executive For For Management Officers, Non-Executive Directors, and Audit Committee Members 5 Designate Newspapers to Publish Company For For Management Announcements 6 Change Articles 16, 18, and 19 and For For Management Change the Wording of Articles 9, 29, 30, 32, 34 and 36 7 Amend Stock Option Plan For Against Management -------------------------------------------------------------------------------- REDECARD SA Ticker: RDCD3 Security ID: P79941103 Meeting Date: JUN 16, 2010 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Directors For For Management -------------------------------------------------------------------------------- REPSOL YPF S.A Ticker: REP Security ID: E8471S130 Meeting Date: APR 29, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1.1 Accept Individual and Consolidated For For Management Financial Statements and Statutory Reports for the Year Ended Dec. 31, 2009; Approve Allocation of Income 1.2 Approve Discharge of Directors For For Management 2.1 Amend First Paragraph of Article 9 of For For Management Company By-laws Re: Passive Dividends 2.2 Amend Article 12 bis of Company By-laws For For Management Re: Preemptive Rights 2.3 Amend First Paragraph of Article 22 Re: For For Management Special Agreements, Constituion and Majority 3.1 Modify Section 3.5 of Article 3 of the For For Management General Meeting Guidelines Re: Competencies of the General Meeting 3.2 Modify Section 9.2 of Article 9 of the For For Management General Meeting Guidelines Re: Constitution of the General Meeting 4.1 Re-elect Paulina Beato Blanco as For For Management Director 4.2 Re-elect Artur Carulla Font as Director For For Management 4.3 Re-elect Javier Echenique Landiribar as For For Management Director 4.4 Re-elect Pemex Internacional Espana, For For Management S.A. as Director 4.5 Re-elect Henri Philippe Reichstul as For For Management Director 5 Elect Auditor for Repsol YPF and For For Management Consolidated Group for Fiscal Year 2010 6 Authorize Repurchase of Shares; Void For For Management Authorization Granted Last AGM of May 14, 2009 7 Authorize Issuance of Equity or For For Management Equity-Linked Securities without Preemptive Rights; Void Authorization Granted Last AGM of May 31, 2005 8 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- SOL MELIA SA Ticker: SOL Security ID: E89049154 Meeting Date: JUN 1, 2010 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year 2009 2 Approve Allocation of Income For Fiscal For For Management Year 2009 3 Approve Discharge of Board of Directors For For Management for Fiscal Year 2009 4.1 Re-Elect Gabriel Escarrer Julia as For For Management Director 4.2 Re-Elect Juan Vives Cerda as Director For For Management 4.3 Re-Election of Caja de Ahorros del For For Management Mediterraneo as Director 4.4 Re-Elect Alfredo Pastor Bodmer as For For Management Director 5 Authorize Issuance of New Shares For For Management without Preemptive Rights in Accordance with Art. 153.1.b) of Spanish Companies Law; Void Authorization Granted by the AGM on June 2, 2009 6 Authorize Issuance of Bonds, For For Management Convertible Debt Securities of up to EUR 1.5 Billion without Preemptive Rights in Accordance with Articles 153.1.b) and 159.2 of Spanish Companies Law; Void Authorization Granted by the AGM on June 2, 2009 7 Authorize Repurchase of Shares in For Against Management Accordance with the Limits Defined by Spanish Companies Law 8 Receive Report on Issuance of Bonds None None Management Approved by Board on Nov. 4, 2009 by Virtue of the Powers Granted on the AGM on June 2, 2009 9 Authorize Board to Ratify and Execute For For Management Approved Resolutions 10 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- TECNICAS REUNIDAS S.A. Ticker: TRE Security ID: E9055J108 Meeting Date: JUN 23, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Individual Financial Statements For For Management and Statutory Reports for Fiscal Year Ended December 31, 2009 2 Accept Consolidated Financial For For Management Statements and Statutory Reports for Fiscal Year ended Dec. 31, 2009 3 Approve Allocation of Income for Fiscal For For Management Year 2009 4 Approve Discharge of Directors for For For Management Fiscal Year 2009 5 Re-elect Auditors of Individual and For Against Management Consolidated Accounts for Fiscal Year 2010 6 Amend Article 30 of Company Bylaws For For Management 7 Receive Changes to Board of Directors' None None Management Guidelines 8 Fix Number of Directors For For Management 9 Ratify Diego Del Alcazar y Silvela as For For Management Director 10 Authorize Repurchase of Shares; Void For For Management Unused Previous Authorization 11 Authorize the Board to Establish and For For Management Fund Associations or Foundations in Accordance with the Prevailing Regulations 12 Fix Remuneration of Directors For For Management 13 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- TELEFONICA S.A. Ticker: TEF Security ID: 879382109 Meeting Date: JUN 2, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements, Statutory Reports, Allocation of Income, and Discharge Directors for Fiscal Year 2009 2 Approve Distribution of Dividend For For Management Charged to Unrestricted Reserves 3 Authorize Repurchase of Shares For For Management 4 Authorize Issuance of Convertible Bonds For For Management and Other Debt Securities Without Preemptive Rights 5 Reelect Auditors for Fiscal Year 2010 For For Management 6 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- TUBACEX S.A. COMPANIA ESPANOLA DE TUBOS POR EXTRUSION Ticker: TUB Security ID: E45132136 Meeting Date: MAY 26, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Approve Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year 2009; Discharge of Directors 2 Approve Allocation of Income and For For Management Voluntary Reserves 3 Approve Corporate Governance Report of For For Management the Consolidated Group 4 Authorize Repurchase of Shares of the For For Management Company and/or its Affiliated Companies 5 Authorize Issuance of Equity or For For Management Equity-linked Securities, with or without Preemptive Rights 6 Approve Minutes of Meeting For For Management -------------------------------------------------------------------------------- URBI DESARROLLOS URBANOS S.A.B. DE C.V. Ticker: URBI* Security ID: P9592Y103 Meeting Date: APR 26, 2010 Meeting Type: Annual Record Date: APR 15, 2010 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports for Fiscal Year 2009 2 Present Report of Compliance with For For Management Fiscal Obligations 3 Approve Allocation of Income For For Management 4 Elect Directors and Approve Their For Abstain Management Remuneration 5 Elect or Ratify Chairmen to Audit and For Abstain Management Corporate Practices Committees 6 Set Aggregate Nominal Amount of Share For For Management Repurchase Reserve 7 Designate Inspector or Shareholder For For Management Representative(s) of Minutes of Meeting -------------------------------------------------------------------------------- USINAS SIDERURGICAS DE MINAS GERAIS S.A. - USIMINAS Ticker: USNMY Security ID: P9632E117 Meeting Date: APR 30, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For For Management Dividends 3 Approve Remuneration of Executive For For Management Officers, Non-Executive Directors 4 Elect Directors For For Management 5 Elect Fiscal Council Members and Fix For For Management Their Remuneration -------------------------------------------------------------------------------- VALE S.A. Ticker: VALE Security ID: P96609139 Meeting Date: APR 27, 2010 Meeting Type: Annual Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Financial Statements and For For Management Statutory Reports for Fiscal Year Ended Dec. 31, 2009 2 Approve Allocation of Income and For For Management Dividends 3 Elect Fiscal Council Members For For Management 4 Approve Remuneration of Executive For Abstain Management Officers, Non-Executive Directors, and Fiscal Council Members -------------------------------------------------------------------------------- VALE S.A. Ticker: RIO.PR Security ID: P96609139 Meeting Date: MAY 19, 2010 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Authorize Capitalization of Reserves For For Management without Issuance of Shares -------------------------------------------------------------------------------- VALE S.A. Ticker: VALE Security ID: P96609139 Meeting Date: JUN 22, 2010 Meeting Type: Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Elect Jose Mauro Mettrau Carneiro da For For Management Cunha as Director -------------------------------------------------------------------------------- VISCOFAN S.A Ticker: VIS Security ID: E97579192 Meeting Date: MAY 31, 2010 Meeting Type: Annual/Special Record Date: # Proposal Mgt Rec Vote Cast Sponsor 1 Reading of Meeting Notice None None Management 2 Approve Individual and Consolidated For For Management Financial Statements and Statutory Reports for Fiscal Year Ended Dec. 31, 2009; Appprove Allocation of Income Including Partial Return of Issuance Premium of EUR 0.36 per Share 3.1 Receive Explanatory Report in None None Management Accordance With Article 116 of Stock Market Law 3.2 Receive Annual Corporate Governance None None Management Report 4 Re-elect Ernst and Young, S.L. as For For Management Auditor of Company and its Consolidated Group for Fiscal Year 2010 5.1 Elect Ignacio Marco-Gardoqui Ibanez as For For Management Independent Director for a 6-Year Term 5.2 Elect Laura Gonzalez as Independent For For Management Director for a 6-Year Term 6 Authorize Repurchase of Shares in For Against Management Accordance With Article 75 of Corporate Law 7 Approve Directors' Remuneration Policy For For Management 8 Authorize Board to Ratify and Execute For For Management Approved Resolutions -------------------------------------------------------------------------------- WAL-MART DE MEXICO, S.A.B. DE C.V. Ticker: WALMEXV Security ID: P98180105 Meeting Date: MAR 11, 2010 Meeting Type: Annual Record Date: FEB 23, 2010 # Proposal Mgt Rec Vote Cast Sponsor 1 Accept Board of Directors Report For For Management 2 Accept CEO's Report For For Management 3 Accept Report of Audit and Corporate For For Management Governance Committees 4 Approve Financial Statements for Fiscal For For Management Year Ended Dec. 31, 2009 5 Present Report on the Share Repurchase For For Management Reserves 6 Approve to Cancel Company Treasury For For Management Shares 7 Approve Allocation of Income for Fiscal For For Management Year Ended Dec. 31, 2009 8 Approve Dividends of MXN 0.70 Per Share For For Management 9 Amend Clause Five of Company Bylaws For Abstain Management 10 Accept Report on Adherence to Fiscal For For Management Obligations 11 Accept Report Re: Employee Stock For For Management Purchase Plan 12 Accept Report Re: Wal-Mart de Mexico For For Management Foundation 13 Accept Report on Acquisition and For For Management Integration Plan of Wal-mart Centroamerica 14 Ratify Board of Directors' Actions For For Management Between Fiscal Year Jan. 1 - Dec. 31, 2009 15 Elect Board Members For Abstain Management 16 Elect Audit and Corporate Governance For Abstain Management Committee Chairs 17 Authorize Board to Ratify and Execute For For Management Approved Resolutions ========== END NPX REPORT SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant: The Ibero-America Fund, Inc. By: Robert M. Keith* ----------------------- President Date: August 30, 2010 *By: /s/ Emilie D. Wrapp -------------------- Emilie D. Wrapp Secretary