| Business Summary | | The
Italy
Fund
Inc.
(the
Fund)
is
a
non-diversified,
closed-end
management
investment
company.
As
of
May
17,
2000,
net
assets
of
the
Fund
were
$168.6
million
and
its
NAV
per
share
was
$20.94
based
on
8.1
million
shares
outstanding.
At
April
30,
2000,
the
Fund
had
investments
in
the
following
sectors:
utilities,
automotive,
banking,
construction,
consumer
cyclical
textiles,
consumer
staples
(food),
consumer
staples
(retail),
energy
exploration,
energy
(international),
engineering,
insurance,
miscellaneous,
media
group,
telecommunications
(telephone),
and
telecommunications
(wireless). | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | The
Italy
Fund
Inc.
is
a
closed-end,
diversified
investment
company
for
U.S.
and
other
investors
wanting
to
participate
in
the
Italian
economy.
For
the
three
months
ended
4/30/01,
investment
income
totalled
$92
thousand.
Net
investment
loss
totalled
$209
thousand.
Net
decrease
in
net
assets
resulting
from
operations
totalled
$11.4
million.
Net
gain
on
investments
and
foreign
currencies
totalled
$3.6
million.
Net
asset
value
per
share
totalled
$11.05. | More
from
Market Guide: Significant
Developments |
| | |
| Position | Heath McLendon, 66 | Chairman
and Investment Officer | Mario D'Urso, 59 | Pres,
Director | Lewis Daidone, 42 | Sr.
VP and Treasurer | Rein Van der Does, 60 | VP
and Investment Officer | Christina Sydor, 49 | Sec. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|