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 Spain 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, 2006 - June 30, 2007
Item 1. Proxy Voting Record.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-05189
Reporting Period: 07/01/2006 - 06/30/2007
The Spain Fund, Inc.
============================= THE SPAIN FUND, INC. =============================
ALTADIS S.A. (FORMERLY TABACALERA, S.A.)
Ticker: ALT Security ID: E0432C106
Meeting Date: JUN 27, 2007 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 12-31-06,
Approve Allocation of Income and
Distribution of Dividend, and Discharge
Directors
2 Reelect Jean-Pierre Tirouflet as Board For For Management
Member
3 Elect/Reelect Auditors for Company and For For Management
Consolidated Group
4 Approve .Reduction in Capital Via For For Management
Amortization of Treasury Shares
5 Amend Articles 8 (Calling of Meeting), 14 For For Management
(Delegation and Representation), and 22
(Voting on Resolutions) of General
Meeting Guidelines to Conform with
Unified Code's Recommendations
6 Authorize Repurchase of Shares For For Management
7 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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BANCO BILBAO VIZCAYA ARGENTARIA
Ticker: Security ID: E11805103
Meeting Date: MAR 16, 2007 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 12-31-06, Allocation of Income and
Distribution of Dividend, and Discharge
Directors
2.1 Nominate Rafael Bermejo Blanco to Board For For Management
of Directors
2.2 Ratify Richard C. Breeden as Board Member For For Management
2.3 Ratify Ramon Bustamante y de la Mora as For For Management
Board Member
2.4 Ratify Jose Antonio Fernandez Rivero as For For Management
Board Member
2.5 Ratify Ignacio Ferrero Jordi as Board For For Management
Member
2.6 Ratify Roman Knorr Borras as Board Member For For Management
2.7 Ratify Enrique Medina Fernandez as Board For For Management
Member
3 Authorize Increase in Authority Granted For For Management
to the Board at the AGM Held on 3-18-06
by up to EUR 30 Billion Via Issuance of
Non-convertible and Exchangeable
Securities
4 Authorize Repurchase of Shares; Grant For For Management
Authority to Reduce Capital Via
Amortization of Treasury Shares
5 Reelect Auditors for Fiscal Year 2007 For For Management
6 Amend Article 36 of Bylaws Re: Length of For For Management
Term and Reelection of Directors
7 Approve Creation of a Foundation for the For For Management
Cooperation and Development of
Social-Economic Projects through
Micro-Financing Activities
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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BANCO BILBAO VIZCAYA ARGENTARIA
Ticker: Security ID: E11805103
Meeting Date: JUN 20, 2007 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Authorize Issuance of 196 Million Shares For For Management
without Preemptive Rights Re:
Acquisition of Compass Bancshares Inc.
2 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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BANCO PASTOR S. A.
Ticker: Security ID: E1943H154
Meeting Date: APR 26, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
Financial Statements for Fiscal Year
2006; Approve Discharge of Directors
2 Approve Allocation of Income and For For Management
Dividends
3 Authorize Repurchase of Shares For For Management
4 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights
5 Authorize Issuance of Bonds/Debt For For Management
Securities
6 Fix Number of Directors For For Management
7 Elect Directors to the Board For Against Management
8 Approve Auditors For For Management
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
10 Approve Minutes of Meeting For For Management
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BANCO POPULAR ESPANOL
Ticker: Security ID: E19550206
Meeting Date: MAY 30, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Allocation For For Management
of Income, and Discharge Directors
2.1 Amend Article 14 of Bylaws Re: General For For Management
Meeting Attemdance Limits
2.2 Amend Article 16 of Bylaws Re: For For Management
Vice-President of the Board
2.3 Amend Articles 18 of Bylaws Re: Functions For For Management
of the Secretary of the Board
2.4 Amend Articles 21 of Bylaws Re: Creation For For Management
of New Board Committees
2.5 Amend Articles 22 and 23 of Bylaws and For For Management
Delete Article 24 Re: Composition and
Competencies of General Management
2.6 Amend Articles Re: Delete Article 25 For For Management
3.1 Amend Article 8 of General Meeting For For Management
Guidelines Re: Information to be Included
on Company Web Site
3.2 Amend Article 9 of General Meeting For For Management
Guidelines Re: New General Meeting
Competencies
3.3 Amend Articles 12 and 28 of General For For Management
Meeting Guidelines Re: Publishing of
Meeting Notice and Voting on Proposals
3.4 Amend Article 28 of General Meeting For For Management
Guidelines Re: Separate Voting of Agenda
Items
4.1 Elect Nicolas Osuna Garcia as Director For Against Management
4.2 Elect Helena Revoredo Delveccio as For Against Management
Director
4.3 Elect Luis Herrando Prat de la Riba as For Against Management
Director
4.4 Elect Francisco Aparicio Valls as For Against Management
Director
4.5 Elect Sindicatura de Accionistas de BPE For Against Management
as Director
5 Approve Auditors For For Management
6 Authorize Repurchase of Shares For For Management
7 Authorize Issuance of Bonds or Any Other For For Management
Fixed Income Instrument
8 Approve Report on Remuneration of For For Management
Directors
9 Present Report on Changes Made to the For For Management
Board Guidelines
10 Implementation of the Consolidated Fiscal For For Management
Tax Regime
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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BANCO SANTANDER CENTRAL HISPANO (FRMLY BANCO SANTANDER)
Ticker: Security ID: E19790109
Meeting Date: OCT 22, 2006 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement with Riyal SL, For For Management
Lodares Inversiones SL Sociedad
Unipersonal, Somaen Dos SL Sociedad
Unipersonal, Gessinest Consulting SA
Sociedad Unipersonal, and Carvasa
Inversiones SL Sociedad Unipersonal;
Approve Consolidated Tax Regime
2 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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BANCO SANTANDER CENTRAL HISPANO (FRMLY BANCO SANTANDER)
Ticker: Security ID: E19790109
Meeting Date: JUN 22, 2007 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 12-31-06
2 Approve Allocation of Income For For Management
3.1 Ratify Isabel Tocino Biscarolasaga as For For Management
Board Member
3.2 Reelect Azzicurazioni Generali SpA as For For Management
Board Member
3.3 Reelect Antonio Basagoiti Garcia-Tunon as For For Management
Board Member
3.4 Reelect Antonio Escamez Torres as Board For For Management
Member
3.5 Reelect Francisco Luzon Lopez as Board For For Management
Member
4 Reelect Deloitte SL as Auditors For For Management
5 Authorize Repurchase of Shares For For Management
6.1 Amend Pragraph 1 of Article 1 of Bylaws For For Management
Re: Company's Name
6.2 Amend Article 28 Re: Powers of the For For Management
General Meeting
6.3 Amend Article 36 Re: Board Meetings For For Management
6.4 Amend Article 37 Re: Power of the Board For For Management
of Directors
6.5 Amend Paragraph 1 of Article 40 Re: Audit For For Management
and Compliance Committee
7.1 Amend Preamble of General Meeting For For Management
Guidelines
7.2 Amend Article 2 Re: Powers of the General For For Management
Meeting
7.3 Amend Articles 21 (Voting on Resolutions) For For Management
and 22.1 (Adoption of Agreements)
7.4 Include New Article 22 and Remuneration For For Management
of Current Article 22 Subsequent Articles
8 Authorize the Board to Increase Capital For For Management
in Accordance with Article 153.1.A of
Spanish Company Law
9 Authorize Issuance of Non-Convertible For For Management
Fixed Income Securities
10 Approve Delivery of Free Shares (100 For For Management
Shares) to Employees of the Bank,
Including Executive Directors and Senior
Managers
11 Amend Incentive Plan for Managers of For For Management
Abbey National Bank Approved at the AGM
Held on 6-17-06
12 Approve Incentive Long-Term Plan For For Management
Consisting on the Delivery of Santander
Shares and Linked to Pre-Determined
Requirements or Total Return Results, and
EPS
13 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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CEMENTOS PORTLAND VALDERRIVAS S.A
Ticker: Security ID: E2801G106
Meeting Date: JUN 13, 2007 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 2006
2 Approve Allocation of Income and For For Management
Dividends of EUR X Per Share
3 Fix Number and Elect Directors; Elect For For Management
Melioto SL and Reelect EAC Inversiones
Corporativas SL to the Board
4 Amend Articles For For Management
5 Approve Changes to General Meeting Rules For For Management
6 Authorize the Board to Increase Share For For Management
Capital for a Period of Five Years in
Accordance with Article 153 of Spanish
Company Law
7 Authorize Repurchase of Shares within For For Management
Limits Specified in Article 75 of Spanish
Company Law
8 Ratify Auditors For For Management
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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CLINICA BAVIERA, SA.
Ticker: Security ID: E3240H101
Meeting Date: JUN 29, 2007 Meeting Type: Annual/Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements, Allocation of
Income and , and Discharge Directors for
Fiscal Year Ended 12/31/06
2 Presentation/Report on Director None None Management
Remuneration Policy
3 Approve Remuneration of Directors For For Management
4 Approve Corporate Goverance Report for For For Management
Fiscal Year Ended 12/31/06
5 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
6 Allow Questions None None Management
7 Designate Two Shareholders to Approve and For For Management
Sign Minutes of Meeting
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CORPORACION DERMOESTETICA
Ticker: Security ID: E3608F101
Meeting Date: MAY 19, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports for Fiscal Year 2005
2 Approve Discharge of Management Board For For Management
3 Approve Auditors for Fiscal Year 2007 For For Management
4 Amend Company Articles 21 Re: Director For For Management
Remuneration
5 Elect Directors For Against Management
6 Authorize Repurchase of Shares For For Management
7 Amend General Meeting Guidelines For Against Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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EADS, EUROPEAN AERONAUTIC DEFENCE & SPACE N.V.
Ticker: EAD Security ID: F17114103
Meeting Date: MAY 4, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Board Report Including Chapter on For Did Not Management
Corporate Governance Vote
2 Approve Financial Statements and For Did Not Management
Statutory Reports Vote
3 Approve Allocation of Income and For Did Not Management
Dividends Vote
4 Approve Discharge of Board of Directors For Did Not Management
Vote
5 Ratify Ernst & Young and KPMG Accountants For Did Not Management
as Auditors Vote
6 Elect Michel Pebereau to Board of For Did Not Management
Directors Vote
7 Elect Bodo Uebber to Board of Directors For Did Not Management
Vote
8 Amend Articles For Did Not Management
Vote
9 Grant Board Authority to Issue Shares and For Did Not Management
Restricting/Excluding Preemptive Rights Vote
10 Cancellation of Shares Repurchased by the For Did Not Management
Company Vote
11 Authorize Repurchase of Up to Ten Percent For Did Not Management
of Issued Share Capital Vote
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ENAGAS SA
Ticker: Security ID: E41759106
Meeting Date: MAY 10, 2007 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 2006
2 Approve Allocation of Income For For Management
3 Approve Discharge of Management Board For For Management
Corresponding to Fiscal Year 2006
4 Approve Deloitte S.L. as Auditors For For Management
5 Elect Directors to the Board For Against Management
6 Amend Articles 44 and 45 of Bylaws Re: For For Management
Audit, Remuneration and Nominations
Committee
7 Amend Articles 4 and 13.3 of General For For Management
Meeting Guidelines Re: General Meeting
Competencies; Voting; Unified Code of
Corporate Governance
8 Present Information on Changes Made to For For Management
Board Guidelines in Compliance with
Unified Code of Corporate Governance
9 Approve Remuneration of Directors For For Management
10 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights
11 Authorize Issuance of Convertible Bonds For For Management
without Preemptive Rights up to Aggregate
Nominal Amount of EUR 2 Million
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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FOMENTO DE CONSTRUCCIONES Y CONTRATAS, S.A.
Ticker: Security ID: E52236143
Meeting Date: JUN 28, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements for 2006 Fiscal
Year; Approve Discharge Directors
2 Approve Allocation of Income For For Management
3.1 Amend Articles 18 and 23 Re: General For For Management
Meeting Attendance and Rights to Receive
Information
3.2 Amend Articles 26, 27, 28, 29, 35, 36, For For Management
and 37 Re: Board of Directors,
Composition, Nomination and
Classification, Requirements and Office
Term, Executive Committee and CEO,
Executive Committee's Functions, and
Remuneration
3.3 Amend Section3 of Title III and Article For For Management
38 Re: Audit and Control Committee and
Competencies
4.1 Amend Articles 5, 6, and 8 of General For For Management
Meeting Guidelines Re: Meeting Calls,
Availability of Information, and
Delegations
4.2 Amend Articles 9 and 15 of Meeting For For Management
Guidelines Re: Rights and Obligations to
Attend the Meeting, and Voting on
Resolutions
5.1 Fix Number of Directors at 21 For For Management
5.2 Reelect B 1998 SL as Non-Independent For For Management
Non-Executive Member of the Board
5.3 Reelect Francisco Mas-Sarda Casanelles as For For Management
an Independent Member of the Board
5.4 Nominate Cesar Ortega Gomez as an For For Management
Independent Member of the Board
5.5 Nominate Luis Manuel Portillo as For For Management
Non-Independent Non-Executive Member of
the Board
5.6 Nominate Mariano Miguel Velasco as For For Management
Non-Independent Non-Executive Member of
the Board
6 Inform Shareholders on Modifications Made For For Management
to the Board Guidelines to Conform with
Unified Code Recommendations and Provide
Greater Clarification
7 Authorize Repurchase of Shares by Company For For Management
and Subsidiaries
8 Reelect Auditors for Company and For For Management
Consolidated Group
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
10 Approve Minutes of Meeting For For Management
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GRIFOLS SA
Ticker: Security ID: E5706X124
Meeting Date: JUN 20, 2007 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 Dec 31, 2006
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended Dec 31, 2006
3 Approve Discharge of Management Board For For Management
4 Reelect Auditors for the Individual Firm For For Management
5 Reelect Auditors for the Consolidated For For Management
Group
6 Reelect Victor Grifols Roura, Ramon Riera For For Management
Roca, Juan Ignacio Twose Roura, Thorthol
Holding, B.V.; and Ratify Appointment of
Edgar Dalzell Jannotta
7 Amend the General Meeting Guidelines and For For Management
the Board of Director Guidelines to
Comply with the Recomendations of the
Unified Code of Best Practices
8 Approve Remuneration of Directors For For Management
9 Authorize Repurchase of Shares For For Management
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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GRUPO CATALANA OCCIDENTE S.A
Ticker: Security ID: E5701Q116
Meeting Date: MAY 31, 2007 Meeting Type: Annual/Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual Financial Statements For For Management
and Statutory Reports for Fiscal Year
2006
2 Approve Allocation of Income and For For Management
Dividends
3 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
2006
4 Approve Discharge of Management Board For For Management
5.1 Elect Alberto Thiebaut Oliveira to For For Management
Management Board
5.2 Elect Enrique Giro Godo to Management For For Management
Board
5.3 Elect Jose Valero Feliu to Management For For Management
Board
6 Ratify Auditors For For Management
7 Authorize Repurchase of Shares For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
9 Approve Minutes of Meeting For For Management
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GRUPO FERROVIAL S.A
Ticker: Security ID: E5701R106
Meeting Date: MAR 30, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Receive Report on the Board of Directors' None None Management
Guidelines Approved at 2-23-07
2 Accept Individual Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended 12-31-06
3 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended 12-31-06
4 Approve Allocation of Income For For Management
5 Approve Discharge of Directors For For Management
6 Ratify Appointment of Maria del Pino y For For Management
Calvo Sotelo as Board Member
7 Reelect Auditors for Company and For For Management
Consolidated Group
8.1 Amend Article 22 Re: Board Composition For For Management
8.2 Amend Article 23 Re: Class of Board For For Management
Members
9.1 Amend Articles Re: Preamble of the For For Management
General Meeting Guidelines
9.2 Amend Articles 5 of General Meeting For For Management
Guidelines Re: Competencies of the
General Meeting
9.3 Amend Article 22 of the General Meeting For For Management
Guidelines Re: Voting on Resolutioins and
Casting of Votes
10 Approve Variable Remuneration Granted in For For Management
the form of Company's Stock for Senior
Executives Members and Executive
Directors of the Board
11 Void Authorization Granted at the 3-31-06 For For Management
AGM and Authorize the Board to Repurchase
of Shares
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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IBERDROLA S.A.
Ticker: IBE Security ID: E6164R104
Meeting Date: MAR 28, 2007 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 12-31-06
2 Approve Allocation of Income and For For Management
Distribution of Dividends
3 Accept Board of Director's Report on For For Management
Company and Consolidated Group
4 Approve Discharge of Directors For For Management
5.1 Ratify Appointment of Inigo Victor de For For Management
Oriol Ibarra as Board Member
5.2 Ratify Appointment of Ines Macho Stadler For For Management
as Board Member
5.3 Ratify Appointment of Braulio Medel For For Management
Camara as Board Member
5.4 Ratify Appointment of Jose Carlos Pla For For Management
Royo as Board Member
6.1 Reelect Jose Orbegozo Arroyo as Board For For Management
Member
6.2 Reelect Lucas Maria de Oriol For For Management
Lopez-Montenegro as Board Member
6.3 Reelect Mariano de Ybarra y Zubiria as For For Management
Board Member
6.4 Reelect Xabier de Irala Estevez Board For For Management
Member
6.5 Reelect Inigo Victor de Oriol Ibarra as For For Management
Board Member
6.6 Reelect Ines Machado Stadler as Board For For Management
Member
6.7 Reelect Braulio Medel Camara as Board For For Management
Member
7 Nominate Nicolas Osuna Garcia as Board For For Management
Member
8 Approve 4:1 Stock Split and Subsequent For For Management
Reduction of Par Value to EUR 0.75 Per
Share from EUR 3 Per Share; Amend Article
5 of Bylaws Accordingly
9 Authorize Repurchase of Shares; Void For For Management
Authorization Granted at the 3-30-06 AGM
(Unused Amount)
10 Authorize the Board with the Power of For For Management
Substitution to Issue
Bonds/Debentures/Other Debt Securities up
to Aggregate Nominal Amount of EUR 20
Billion and Promissory Notes up to an
Amount of EUR 4 Billion; Void
Authorization Granted at 3-30-06 AGM
11 Authorize the Board to Require the For For Management
Listing and Delisting of Shares, Debt
Securities, Bonds, Promissory Notes, and
Preferred Stock from National and Foreign
Secondary Markets; Void Authorization
Granted at the 3-30-06 AGM
12 Authorize Board to Approve the Creation For For Management
of Foundation; Void Authorization in it
Unused Amount Granted at 3-30-06 AGM
13.1 Amend Articles 5, 6, 11, 12, 13, 14, 15 For For Management
of Section I of Bylaws to Conform with
Recommendations from the Spanish Unified
Code of Best Practices
13.2 Amend Articles 16 to 25, 27 to 29, 32 to For For Management
34, 36 to 40, and 43 to 47, and Add New
Article 48, Renumber Current Article 48
to 49, Amend Articles 50 to 53 Re:
Conform with Recommendations from the
Spanish Unified Code of Best Practices
13.3 Amend Articles 57, 58, 59, 60, 62, and 63 For For Management
of Section IV of Bylaws to Conform with
Recommendations from the Spanish Unified
Code of Best Practices
13.4 Include New Section V Re: Final For For Management
Provisions Consisting of a Sole Final
Provision
13.5 Consolidate Amendments to Articles in For For Management
Light with the Proposed Amendments
14 Amend Articles General Meeting Guidelines For For Management
in Light of Amendments to Articles and
Subsequent Approval of the New Text
15 Present Report Re: Amendments to General For For Management
Meeting Guidelines in According with
Article 115 of the Spanish Company Law
16 Approve EUR 790.13 Million Capital For For Management
Increase Via Non-Rights Issuance of
263.38 Million of New Shares at EUR 3
Nominal Value and Share Issuance Premium
to be Determined; Amend Article 5
Accordingly
17 Authorize Issuance of Simple Notes in the For For Management
Minimal Nominal Amount of EUR 29.51
Million and Maximum Nonimal Amount of EUR
1.1 Billion; Authorize Board to Set All
Terms and Conditions of Notes Issuance
18 Approve Within the Framework of the For For Management
Scottish Power Plc Transaction the
Continuity of the Share Purchase Plans
Already Established with the Purpose of
Managing its Rights and the Delivery of
Iberdrola Shares under the Terms
Established in the Transaction
19 Approve EUR 34.95 Million Capital For For Management
Increase via Non-Right Issuance of 11.65
Million Shares of EUR 3 Par Value to
Service the Stock Purchase Plan for
Scottish Power Employees and Extend the
Said Plans to Iberdrola Employees; Amend
Article 5 of Bylaws
20 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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INDRA SISTEMAS SA
Ticker: IDR Security ID: E6271Z155
Meeting Date: DEC 19, 2006 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Increase in Capital of EUR 3.61 For For Management
Million by Issuance of 18.07 Million
Class A Shares with an Issue Price of EUR
0.20 Each Without Preemptive Rights to
Union Fenosa S.A.; Amend Article 5 of
Bylaws to Reflect Increased Share Count
2 Fix Number of Directors For For Management
3 Elect Directors For For Management
4 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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INDRA SISTEMAS SA
Ticker: IDR Security ID: E6271Z155
Meeting Date: JUN 20, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual Financial Statements For For Management
for the Period Ended Dec. 31, 2006;
Approve Allocation of Income
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for the Period
Ended Dec. 31, 2006
3 Approve Discharge of Directors For For Management
4 Approve Merger by Absorption of Azertia For For Management
Tecnologias de la Informacion, BMB
Gestion Documental, Soluziona Consultaria
y Tecnologia and Soluziona Internacional
Servicios Profesionales, and their
respective direct subsidiaries
5 Fix Number of Directors For For Management
6.1 Elect Monica de Oriol e Icaza as Director For For Management
6.2 Elect Luis Lada Diaz as Director For For Management
6.3 Elect Administradora Valtenas, S.A. as For For Management
Director
6.4 Elect Casa Grande de Cartagena, S.L. as For For Management
Director
7.1 Approve Remuneration of Directors For For Management
7.2 Approve Remuneration of Senior Management For For Management
8 Amend Section 2 of Article 30 of Company For For Management
Bylaws Re: Executive Committee
9 Amend Article 12 of General Meeting For For Management
Guidelines Re: Fractioning of Votes
10 Approve Reduction of Captial Via the For For Management
Amortization of 80,910 Class C Redeemable
Shares and 42,648 Class D Redeemable
Shares
11 Authorize Issuance Equity or For For Management
Equity-Linked Securities, Including
Redeemable Shares, without Preemptive
Rights
12 Authorize Repurchase of Shares For For Management
13 Authorize Issuance of Convertible Bonds For For Management
with or without Preemptive Rights;
Increase Capital As Necessary for the
Conversion and Authorize Board to
Implement Capital Increase Accordingly
14 Approve Auditors for Fiscal Year 2007 For For Management
15 Approve Minutes of Meeting For For Management
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INDUSTRIA DE DISENO TEXTIL (INDITEX)
Ticker: Security ID: E6282J109
Meeting Date: JUL 18, 2006 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual Financial Statements For For Management
and Discharge Directors for Fiscal Year
Ended 01-31-06
2 Accept Consolidated Financial Statements For For Management
and Discharge of Directors for Fiscal
Year Ended 01-31-06
3 Approve Allocation of Income and For For Management
Dividends
4 Reelect Director For For Management
5 Reelect Auditors For For Management
6 Amend Articles 17 and 27 Re: Calling of For For Management
Shareholder Meetings and Director Terms
7 Amend General Meeting Guidelines Re: For For Management
Calling of Shareholder Meetings and Vote
Requirements for Certain Items
8 Approve Stock Option Plan for Executive For For Management
Directors and Employees
9 Authorize Repurchase of Shares For For Management
10 Approve Remuneration of Directors For For Management
11 Present Report Re: General Meeting For For Management
Guidelines
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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PROSEGUR COMPANIA DE SEGURIDAD S.A.
Ticker: Security ID: E83453162
Meeting Date: JUN 28, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements, Allocation of
Income, and Discharge Directors for
Fiscal 2006
2 Approve Dividend Against 2006 Net Income For For Management
3.1 Amend Article 12 of Bylaws Re: For For Management
Transactions with Company Shares
3.2 Amend Article 13 of Bylaws Re: Corporate For For Management
Bodies
3.3 Amend Article 14.2 of Bylaws Re: General For For Management
Meeting Competencies
3.4 Amend Part 1 of Article 15 of Bylaws Re: For For Management
Ordinary and Extraordinary General
Meetings
3.5 Amend Part 1 of Article 16 of Bylaws Re: For For Management
Right to Information
3.6 Amend Bylaws by Inserting Article 17 Bis For For Management
Re: Right of Attendance by Electronic
Means
3.7 Amend Article 19.2 of Bylaws Re: Remote For For Management
Adoption of Resolutions
3.8 Amend Part 4 of Article 21 of Bylaws Re: For For Management
Board Composition and Election
3.9 Amend Part 3 of Article 22 of Bylaws Re: For For Management
Board Meetings
3.10 Amend Part 5 and Include Part 8 of For For Management
Article 23 of Bylaws Re: Board Meetings
3.11 Amend Articles 24.1.21 and 24.1.27 of For For Management
Bylaws Re: Board Competencies
3.12 Amend Article 25 of Bylaws Re: Executive For For Management
Committee
3.13 Amend Article 26 of Bylaws Re: Nomination For For Management
& Remuneration Committee
3.14 Amend Article 27 of Bylaws Re: Audit For For Management
Committee
3.15 Amend Part 1 of Article 28 of Bylaws Re: For For Management
Chairman's Functions
4.1 Amend Introduction of General Meeting For For Management
Guidelines
4.2 Amend Article 2 of General Meeting For For Management
Guidelines Re: Competencies of General
Meeting
4.3 Amend Article 6 of General Meeting For For Management
Guidelines Re: Period for Calling of the
General Meeting
4.4 Amend Article 7 of General Meeting For For Management
Guidelines Re: Calling of the General
Meeting
4.5 Amend Article 17 of General Meeting For For Management
Guidelines Re: Remote Participation by
Electronic Means
4.6 Amend Part 3 of Article 21 of General For For Management
Meeting Guidelines Re: Separate Voting of
Proposals
4.7 Amend Articles of General Meeting For For Management
Guidelines to Introduce Part 6 of Article
21 Re: Distance Voting
5 Present Changes Made to Board Guidelines For For Management
6.1 Reelect Helena Revoredo Delvecchio as For Against Management
Director
6.2 Reelect Isidro Fernandez-Barreiro as For For Management
Director
6.3 Reelect Mirta Geisso Cazanave as Director For For Management
6.4 Reelect Chantal Gut Revoredo For For Management
6.5 Reelect Christian Gur Revoredo For For Management
7 Ratify Any Members That May Have Been For Against Management
Appointed by Cooptation
8 Authorize Repurchase of Shares For For Management
9 Approve Auditors For For Management
10 Approve Remuneration of Directors For For Management
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
12 Allow Questions For For Management
13 Approve Minutes of Meeting For For Management
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RED ELECTRICA DE ESPANA
Ticker: Security ID: E42807102
Meeting Date: MAY 30, 2007 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 Dec. 31, 2006
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended Dec. 31, 2006
3 Approve Allocation of Income and For For Management
Dividends for Fiscal Year Ended Dec. 31,
2006
4 Approve Discharge of Directors For For Management
5.1 Amend Article 11 of Company Bylaws Re: For For Management
Annual General Meeting of Shareholders
5.2 Amend Articles 22, 23, and 24 of Company For For Management
Bylaws Re: Board Committees
5.3 Amend Article 26 of Company Bylaws Re: For For Management
Board Secretary
6.1 Amend Article 3 of General Meeting For For Management
Guidelines Re: Authorities of the General
Meetings
6.2 Amend Article 5 of General Meeting For For Management
Guidelines Re: Convening of General
Meetings
6.3 Amend Article 15.8 of General Meeting For For Management
Guidelines Re:Voting During General
Meetings
7 Approve Remuneration of Directors For For Management
8.1 Authorize Repurchase of Shares For For Management
8.2 Approve Use of Repurchased Shares for For For Management
Executive and Director Remuneration
8.3 Revoke Previous Authority to Repurchase For For Management
Shares Granted at May 26, 2006
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
10 Present and Inform Re: 2006 Corporate For For Management
Governance Report
--------------------------------------------------------------------------------
REPSOL YPF SA (FORMERLY REPSOL, S.A.)
Ticker: REPYF Security ID: E8471S130
Meeting Date: MAY 8, 2007 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 12-31-06, Allocation of Income, and
Discharge Directors
2 Amend Articles of Bylaws Re: Changes to For For Management
Share Capital; Preemptive Rights; Calling
of Shareholder Meetings; Right of
Attendance and Voting; Chairman of
Meeting; Secretary and Vice-Secretary;
Director Terms; Company Web Page;
Financial Statements
3 Amend Articles of General Meeting For For Management
Guidelines Re: Calling of Shareholder
Meetings; Right of Attendance and Voting;
Meeting Chairman; Voting on Agenda Items
4.1 Fix Number of Directors For For Management
4.2 Elect Juan Abello Gallo as Director For For Management
4.3 Elect Luis Fernando del Rivero Asensio as For For Management
Director
4.4 Elect Manuel Raventos Negra as Director For For Management
4.5 Elect Jose Manuel Loureda Mantinan as For For Management
Director
4.6 Elect Antonio Brufau Niubo as Director For For Management
4.7 Elect Carmelo de las Morenas Lopez as For For Management
Director
4.8 Elect Luis Carlos Coissier Batista as For For Management
Director
4.9 Elect Angel Durandez Adeva as Director For For Management
5 Approve Auditors For For Management
6 Authorize Repurchase of Shares For For Management
7 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
TECNICAS REUNIDAS S.A
Ticker: Security ID: E9055J108
Meeting Date: JUN 26, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual Financial Statements For For Management
and Statutory Reports for Fiscal 2006
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal 2006
3 Approve Allocation of Income For For Management
4 Approve Discharge of Management Board For For Management
5 Accept Resignation and Approve Election For For Management
of Directors
6 Reelect Auditors for Fiscal 2007 For For Management
7 Authorize Repurchase of Shares For For Management
8 Approve Establishment of Associations and For For Management
Foundations
9 Approve Annual Remuneration of Directors For For Management
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
TELEFONICA S.A. (FORMERLY TELEFONICA DE ESPANA, S.A.)
Ticker: TLFNF Security ID: 879382109
Meeting Date: MAY 9, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements, Allocation of
Income, and Discharge of Directors
2.1 Elect Cesar Alierta Izuel to the Board For For Management
2.2 Elect Maximino Carpio Garcia to the Board For For Management
2.3 Elect Gonzalo Hinojosa Fernandez de For For Management
Angulo to the Board
2.4 Elect Pablo Isla Alvarez de Tejera to the For For Management
Board
2.5 Elect Enrique Used Aznar to the Board For For Management
2.6 Elect Gregorio Villalabeitia Galarraga to For For Management
the Board
2.7 Elect Jose Maria Alarez-Pallete Lopez to For For Management
the Board
3 Authorize Repurchase of Shares For For Management
4 Authorize Issuance of Convertible Bonds For Against Management
or Other Debt Instruments
5 Cancel Treasury Shares; Amend Articles to For For Management
Reflect the Change in Share Capital
6.1 Amend Articles 14-16 and 18-20 of Bylaws For For Management
Re: General Meetings
6.2 Amend Articles 17, 17 Bis and 20 Bis of For For Management
Bylaws Re: Right of Attendance; Remote
Voting
6.3 Amend Articles 24, 25, 27, 30 and 31 Bis For For Management
Re: Board of Directors
7.1 Amend Article 5 of the General Meeting For For Management
Guidelines Re: General Meeting
Competencies
7.2 Amend Articles 7-10 of the General For For Management
Meeting Guidelines Re: Calling of the
General Meeting
7.3 Amend Articles 13, 15, 17 Bis and 20 Bis For For Management
of the General Meeting Guidelines Re:
Remote Voting
7.4 Amend Articles 21 and 24 of the General For For Management
Meeting Guidelines Re: Voting on Agenda
Items
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
URALITA S.A.
Ticker: Security ID: E95259201
Meeting Date: MAY 17, 2007 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements, Allocation of
Income, and Discharge Directors
2 Approve Dividends For For Management
3 Approve Auditors For For Management
4 Authorize Repurchase of Shares For For Management
5 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 Spain Fund, Inc.
By: Marc O. Mayer*
-----------------------
President
Date: August 30, 2007
*By: /s/ Emilie D. Wrapp
--------------------
Emilie D. Wrapp
Secretary