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, 2007 - June 30, 2008
Item 1. Proxy Voting Record.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-05189
Reporting Period: 07/01/2007 - 06/30/2008
The Spain Fund, Inc.
============================= THE SPAIN FUND, INC. =============================
ACCIONA S.A
Ticker: Security ID: E0008Z109
Meeting Date: JUN 19, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For For Management
Financial Statements and Statutory
Reports
2 Receive Individual and Consolidated For For Management
Management Reports; Approve Discharge of
Directors
3 Approve Allocation of Income and For For Management
Dividends
4 Reelect Deloitte, S.L. as Auditors For For Management
5 Fix Number of Directors; Elect Directors For Abstain Management
(Bundled)
6 Approve Share Award Plan For For Management
7 Authorize Repurchase of Shares For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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ACS, ACTIVIDADES DE CONSTRUCCION Y SERVICIOS S.A
Ticker: ACS Security ID: E7813W163
Meeting Date: MAY 25, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For For Management
Allocation of Income
2 Receive Annual Corporate Governance For For Management
Report
3 Approve Discharge Directors For For Management
4 Elect Miguel Fluxa Rosello as Board For Against Management
Member (Consejero Dominical)
5 Amend Articles 3, 4, 11, and 16 of the For For Management
General Meeting Guidelines
6 Receive Report on Changes Made to Board For For Management
Guidelines
7 Authorize Repurchase of Shares For For Management
8 Appoint Auditors For For Management
9 Cancell Treasury Shares via Amortization For For Management
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
11 Approve Minutes of Meeting For For Management
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ALTADIS S.A. (FORMERLY TABACALERA, S.A.)
Ticker: ALT Security ID: E0432C106
Meeting Date: DEC 18, 2007 Meeting Type: Special
Record Date: DEC 11, 2007
# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Article 24 and 24.1 Re: Voting For For Management
Rights and Adoption of Resolutions, and
Disclosure of Results
2 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
AMERICA MOVIL, S.A.B. DE C.V.
Ticker: AMXVF Security ID: P0280A101
Meeting Date: APR 29, 2008 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Elect Directors for Class L Shares For Abstain Management
(Bundled)
2 Designate Inspector or Shareholder For For Management
Representative(s) of Minutes of Meeting
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BANCO BILBAO VIZCAYA ARGENTARIA, S.A.
Ticker: Security ID: E11805103
Meeting Date: MAR 13, 2008 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 the Year
Ended December 31, 2007; Approve
Discharge of Directors
2 Amend Article 34 of Company Bylaws Re: For For Management
Reducing the Maximum and Minimum Number
of Board Members
3 Amend Article 36 Re: Lenght of Term and For For Management
Reelection Related to the Board of
Director Members for a Period of Three
Years Instead of Five Years
4.1 Reelect Jose Ignacio Goirigolzarri For For Management
Tellaeche
4.2 Reelect Roman Knorr Borras For For Management
5 Authorize Increase in Capital via For For Management
Issuance of Fixed Debt Securities
Non-Convertible up to the Amount of EUR
50 Billion
6 Authorize Issuance of For For Management
Convertible/Exchangeable Debt Securities
up to EUR 9 Billion in Accordance with
Art. 159.2 of Company Law with the
Possibility of Excluding Preemptive
Rights
7 Authorize Share Repurchase For For Management
8 Elect Auditors For For Management
9 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: JUL 26, 2007 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Authorize Issuance of Shares with For For Management
Preemptive Rights
2 Authorize Issuance of Convertible Bonds For For Management
Without Preemptive Rights
3 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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BANCO SANTANDER S.A.
Ticker: Security ID: E19790109
Meeting Date: JUN 20, 2008 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 December 31, 2007
2 Approve Allocation of Income For For Management
3.1 Ratify Juan Rodriguez Inciarte to the For For Management
Board of Directors
3.2 Reelect Luis Alberto Salazar-Simpson Bos For For Management
to the Board of Directors
3.3 Reelect Luis Angel Rojo Duque to the For For Management
Board of Directors
3.4 Reelect Emilio Botin-Sanz de Sautuola y For For Management
Garcia de los Rios to the Board of
Directors
4 Ratify Auditors For For Management
5 Authorize Repurchase of Shares in For For Management
Accordance With Article 75 of Corporate
Law; Void Authorization Granted on June
23, 2007
6 Approve New Corporate Bylaws and Void For For Management
Effective Ones
7 Amend Article 8 of the General Meeting For For Management
Guidelines
8 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 23, 2007
9 Grant Board Authorization to Issue For For Management
Convertible and/or Exchangeable Debt
Securities without Preemptive Rights
10 Authorize Issuance of Non-Convertible For For Management
Fixed Income Securities
11.1 Approve Bundled Incentive Plans Linked to For For Management
Predetermined Requirements such as Total
Return Results and EPS
11.2 Approve Savings Plan for Abbey National For For Management
Plc' Employees and other Companies of
Santander Group in the U.K.
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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CLINICA BAVIERA, SA.
Ticker: Security ID: E3240H101
Meeting Date: MAY 19, 2008 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 Remuneration of Directors For For Management
3 Approve Stock Option Plan For Against Management
4 Approve Annual Corporate Governance For For Management
Report
5 Elect Directors (Bundled) For Against Management
6 Authorize Repurchase of Shares For For Management
7 Appoint Auditors 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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CORPORACION FINANCIERA ALBA, S. A.
Ticker: Security ID: E33391132
Meeting Date: MAY 28, 2008 Meeting Type: Annual/Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Consolidated and Individual For For Management
Financial Statements and Statutory
Reports for Fiscal Year Ended 12-31-07
2 Approve Discharge of Management Board for For For Management
Fiscal Year Ended 12-31-07
3 Approve Allocation of Income and For For Management
Dividends
4.1 Reelect Carlos March Delgado as a For For Management
Director
4.2 Reelect Alfredo Lafita Pardo as a For For Management
Director
4.3 Ratify Fernando Casado Juan as a Director For For Management
4.4 Elect Juan March de la Lastra as a For For Management
Director
5 Ratify External Auditors for the Company For For Management
and Consolidated Group
6 Approve Remuneration of Directors For For Management
7 Authorize Repurchase of Shares For For Management
8 Approve EUR 1.7 Million Reduction in For For Management
Stated Capital via Cancellation of
Treasury Shares; Modification of Article
5 of Company Bylaws
9 Approve Standard Accounting Transfers of For For Management
EUR 442,000 to Voluntary Reserves from
Legal Reserves Resulting from Capital
Reductions
10 Approve Stock Option Plan For For Management
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
12 Approve Minutes of Meeting For For Management
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CRITERIA CAIXACORP SA
Ticker: Security ID: E3641N103
Meeting Date: JUN 5, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For For Management
Statutory Reports for the Year Ended on
December 31, 2007; and Discharge
Directors
2 Approve Allocation of Income and For For Management
Dividends for the Year Ended on December
31, 2007
3 Fix Number of Directors Within the Limits For Against Management
Established in Article 32 of Corporate
Bylaws; Elect Directors
4 Authorize Repurchase of Shares For For Management
5 Ratify Auditors For For Management
6 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: OCT 22, 2007 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Board Report For Did Not Management
Vote
2 Amend Articles of Association For Did Not Management
Vote
3 Elect Rudiger Grube to Board of Directors For Did Not Management
Vote
4 Elect Louis Gallois to Board of Directors For Did Not Management
Vote
5 Elect Rolf Bartke to Board of Directors For Did Not Management
Vote
6 Elect Dominique D`Hinnin to Board of For Did Not Management
Directors Vote
7 Elect Juan Manuel Eguiagaray Ucelay to For Did Not Management
Board of Directors Vote
8 Elect Arnaud Lagardere to Board of For Did Not Management
Directors Vote
9 Elect Hermann Josef Lamberti to Board of For Did Not Management
Directors Vote
10 Elect Lakshmi N. Mittal to Board of For Did Not Management
Directors Vote
11 Elect John Parker to Board of Directors For Did Not Management
Vote
12 Elect Michel Peberau to Board of For Did Not Management
Directors Vote
13 Elect Bodo Uebber to Board of Directors For Did Not Management
Vote
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EADS, EUROPEAN AERONAUTIC DEFENCE & SPACE N.V.
Ticker: EAD Security ID: F17114103
Meeting Date: MAY 26, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Board Report Including Chapter on For Did Not Management
Corporate Governance, Policy on Vote
Dividends, and Remuneration Policy
2 Approve Financial Statements For Did Not Management
Vote
3 Approve Allocation of Income and For Did Not Management
Dividends of EUR 0.12 per Share Vote
4 Approve Discharge of Directors For Did Not Management
Vote
5 Ratify Ernst and Young as Auditors For Did Not Management
Vote
6 Approve Cancellation of Shares For Did Not Management
Repurchased by the Company Vote
7 Authorize Repurchase of Up to Ten Percent For Did Not Management
of Issued Share Capital Vote
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EBRO PULEVA (AZUCARERA EBRO AGRICOLAS )
Ticker: Security ID: E38028135
Meeting Date: JUN 8, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For Did Not Management
Statutory Reports, and Allocation of Vote
Income and Distribution of Dividend for
the Year Ended December 31, 2007
2 Approve Discharge of Directors for Fiscal For Did Not Management
Year 2007 Vote
3 Ratify Auditors For Did Not Management
Vote
4 Aanalyze possible Spin-Off Agreement of For Did Not Management
the Sugar Business and Related Vote
Agroindustrial Businesses and Authorize
the Board of Directors to Approve this
Operation
5 Authorize Repurchase of Shares in For Did Not Management
Accordance With Article 75 of Corporate Vote
Law
6 Ratify Felix Hernandez to the Board of For Did Not Management
Directors Vote
7 Authorize Funding of Ebro Puleva For Did Not Management
Foundation Vote
8 Present Remuneration Report for the Year For Did Not Management
Ended December 31, 2007 Vote
9 Receive Explanatory Report in Accordance None Did Not Management
With Article 116 of Stock Market Law Vote
Relating to Items in the Management
Report
10 Receive Corporate Governance Report None Did Not Management
Vote
11 Authorize Board to Ratify and Execute For Did Not Management
Approved Resolutions Vote
--------------------------------------------------------------------------------
EDP-ENERGIAS DE PORTUGAL S.A
Ticker: Security ID: X67925119
Meeting Date: APR 10, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated For Did Not Management
Financial Statements and Statutory Vote
Reports for Fiscal 2007
2 Approve Allocation of Income and For Did Not Management
Dividends Vote
3 Approve Discharge of Management and For Did Not Management
Oversight Bodies Vote
4 Authorize Repurchase and Reissuance of For Did Not Management
Shares Vote
5 Authorize Repurchase and Reissuance of For Did Not Management
Bonds Vote
6 Elect Supervisory Board Members For Did Not Management
Vote
7 Amend Articles For Did Not Management
Vote
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ENAGAS SA
Ticker: Security ID: E41759106
Meeting Date: OCT 30, 2007 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Article 6-BIS in Compliance with For Against Management
Law of Jul. 2, 12/2007 Re: Limits to
Participation in Company's Capital in
Compliance with
2 Fix Number of and Elect Xavier de Irala For For Management
Estevez Representing Shareholder Bilbao
Bizkaia Kutxa
3 Amend Remuneration of Directors for 2007 For For Management
Fiscal Year
4 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
ENAGAS SA
Ticker: Security ID: E41759106
Meeting Date: APR 24, 2008 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 2007
2 Approve Allocation of Income and For For Management
Dividends of EUR X Per Share
3 Discharge Directors For For Management
4 Reelect Deloitte & Touche as Auditors For For Management
5 Fix the Number of Directors at 17; Amend For For Management
Article 35 of Company Bylaws
6.1 Elect Pena Rueda, S.L. as Director For For Management
6.2 Elect Bilbao Bizkaia Kutxa (BBK) as For For Management
Director
6.3 Elect Sociedad de Participaciones For For Management
Industriales (SEPI) as Director
7 Approve Remuneration of Directors in the For For Management
Amount of EUR X
8 Receive Complementary Report to the For For Management
Management Report
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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GAMESA CORPORACION TECHNOLOGICA S.A
Ticker: Security ID: E54667113
Meeting Date: MAY 29, 2008 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 the Year Ended Dec. 31, 2007
2 Approve Allocation of Income and For For Management
Dividends
3 Approve Discharge of Directors For For Management
4 Elect Pedro Velasco Gomez as Director For For Management
5 Appoint Auditors For For Management
6 Authorize Repurchase of Shares For For Management
7 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
8 Receive Report on Modifications to the None None Management
Board Guidelines
9 Receive Explanatory Report on the None None Management
Management Report
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GRIFOLS SA
Ticker: Security ID: E5706X124
Meeting Date: JUN 13, 2008 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, 2007; Allocation of Income
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended Dec 31, 2007
3 Approve Discharge of Directors For For Management
4 Reelect External Auditors for the For For Management
Individual Firm
5 Reelect External Auditors for the For For Management
Consolidated Group
6 Reelect Christian M. C. Purslow as For For Management
Director
7 Approve Remuneration of Directors For For Management
8 Authorize Repurchase of Shares For For Management
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
10 Approve Distribution of EUR 10.03 Million For Against Shareholder
from the Share Premium Account as
Proposed by Scranton Enterprises BV
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GRUPO CATALANA OCCIDENTE S.A
Ticker: Security ID: E5701Q116
Meeting Date: MAY 29, 2008 Meeting Type: Annual/Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports for the Year 2007
2 Approve Allocation of Income For For Management
3 Accept Consolidated Financial Statements For For Management
and Statutory Reports for the Year 2007
4 Approve Discharge of Management Board For For Management
5.1 Appoint or Reelect Mariano Bach For Against Management
Portabella to the Board
5.2 Appoint or Reelect Villasa S.L. to the For Against Management
Board
5.3 Appoint or Reelect Inversiones Godo, S.L. For Against Management
to the Board
5.4 Appoint or Reelect Usanser 07, S.L. to For Against Management
the Board
6 Reelect Auditors for the Company and the For For Management
Consolidated Group
7.1 Amend the Preamble of the General Meeting For For Management
Guidelines
7.2 Amend Article 4.8 of the General Meeting For For Management
Guidelines
7.3 Amend Article 4.9 of the General Meeting For For Management
Guidelines
8 Receive Amendments to the Regulations of None None Management
Board of Directors
9 Authorize Repurchase of Shares and Use For For Management
Treasury Shares for Remuneration Plan for
the Company and Its Group
10 Approve Issuance of Fixed Debt Securities For For Management
Convertible and/or Exchangeable in
Accordance with Article 153.1.b
11 Other Business Related to Previous Items For Against Management
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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IBERDROLA RENOVABLES SA
Ticker: Security ID: E6244B103
Meeting Date: JUN 26, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Individual and Consolidated Annual For For Management
Financial Statements and Statutory
Reports for Fiscal Year Ended Dec. 31,
2007
2 Approve Allocation of Income for Fiscal For For Management
Year Ended Dec. 31, 2007
3 Approve Individual and Consolidated For For Management
Management Reports for Fiscal Year Ended
Dec. 31, 2007
4 Approve Discharge of Board for Fiscal For For Management
Year Ended Dec. 31, 2007
5 Authorize Repurchase of Shares Pursuant For For Management
to the Provisions of Article 5 of the
Spanish Corporate Law; Void Previous
Authorization to the Extent of Unused
Portion
6 Reelect Ernst & Young, SL for the For For Management
Auditing of the Annual Financial
Statements of the Company and its
Consolidated Group for Fiscal Year 2008
7 Approve Delivery of Company Shares to For For Management
Executive Director as Beneficiary of the
Compensation Plans of Iberdrola
Renovables SA (Annual Variable Stock
Compensation Plan, Stock Delivery Plan
and 2008-2010 Strategic Bonus)
8 Approve Stock Option Plan Directed For For Management
Towards Employees (Including Executive
Personnel); Delegate Board to Implement,
Develop, Formalize, and Carry Out Such
Plan
9 Authorize Board with Express Power of For For Management
Substitution to Create and Fund
Associations and Foundations Pursuant to
Applicable Legal Provisions in Effect
10.1 Amend Paragraph 1 of Article 4 of Company For For Management
Bylaws Re: Registered Office and Branches
10.2 Amend Paragraph 2 of Article 48 of For For Management
Company Bylaws Re: Fiscal Year and
Preparation of Financial Statements
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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IBERDROLA S.A.
Ticker: IBE Security ID: E6165F166
Meeting Date: APR 16, 2008 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 2007
2 Approve Allocation of Income and For For Management
Dividends
3 Receive Management's Report on Company For For Management
and Consolidated Group
4 Approve Discharge of Directors For For Management
5 Ratify Appointment of Jose Luis Olivas For For Management
Martinez as Board Member
6 Approve a System of Variable Compensation For For Management
in Shares with a Component Linked to the
Attainment of Annual Objectives and of
the Strategic Plan 2008-2010
7 Approve EUR 34.9 Million Capital Increase For For Management
Via Non-Rights Issuance of 46.6 Million
of New Ordinary Shares at EUR 0.75
Nominal Value and Share Issuance Premium
to be Determined; Amend Article 5 of
Company By-laws Accordingly
8 Authorize Repurchase of Shares in the For For Management
Amount of up to 5 Percent of Share
Capital; Void Authorization Granted at
the AGM held on March 29, 2007
9 Authorize the Board to Issue For For Management
Bonds/Debentures/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 29, 2007
10 Approve the 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 29, 2007
11 Authorize Board to Approve the Creation For For Management
of Foundation; Void Authorization Granted
at the AGM held on March 29, 2007
12 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 26, 2008 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements for the Period Ended
Dec. 31, 2007; Approve Allocation of
Income
2 Approve Discharge of Directors For For Management
3 Approve Merger by Absorption of Dimension For For Management
Informatica SL and Radiologia Digita y
Comunicaciones SL; Approve the Merger
Balance Sheet; Approve Fiscal
Consolidation of the Tax Regime
4.1 Elect Rosa Sugranes as Directors For For Management
4.2 Reelect Mediacion y Diagnosticos S.A. as For For Management
Director
4.3 Reelect Participaciones y Cartera de For For Management
Inversion S.L. as Director
4.4 Reelect Isabel Aguilera as Director For For Management
4.5 Reelect Joaquin Moya-Ageler Cabrera as For For Management
Director
4.6 Reelect Pedro Ramon y Cajal as Director For For Management
4.7 Reelect Manuel Soto as Director For For Management
4.8 Reelect Javier Monzon as Director For For Management
4.9 Reelect Regino Moranchel `as Director For For Management
5 Approve Remuneration of Directors For For Management
6 Approve Stock Option and Share Award Plan For For Management
7 Receive Changes to Board of Directors' None None Management
Guidelines
8 Authorize Repurchase of Shares For For Management
9 Approve Auditors for Fiscal Year 2008 For For Management
10 Amend Article 2 of Company Bylaws Re: For For Management
Social Objective
11 Approve Minutes of Meeting For For Management
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INDUSTRIA DE DISENO TEXTIL (INDITEX)
Ticker: Security ID: E6282J109
Meeting Date: JUL 17, 2007 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, 2007
2 Approve Consolidated Financial Statements For For Management
and Statutory Reports and Discharge
Directors for Fiscal Year Ended January
31, 2007
3 Approve Allocation of Income and For For Management
Dividends
4 Ratify and Elect Director For For Management
5 Reelect Auditors For For Management
6 Amend General Meeting Guidelines to For For Management
Adhere to Unified Code of Good
Governance: Preamble and Article 6 on
Competencies of General Meeting, Article
9 on Information, and Article 22 on
Voting
7 Authorize Repurchase of Shares For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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OBRASCON HUARTE LAIN S.A.
Ticker: Security ID: E7795C102
Meeting Date: MAY 20, 2008 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,
2007
2 Approve Allocation of Income and For For Management
Dividends of EUR 0.40 Per Share
3 Approve Discharge of Directors For For Management
4 Reelect Auditors For For Management
5 Authorize Issuance of Convertible and For Against Management
Non-Convertible Debt Instruments up to
EUR 3 Billion
6 Authorize Repurchase of Shares For For Management
7 Ratify Nomination of Silvia Villar-Mir de For For Management
Fuentes as Board Member for Six Year-Term
8 Approve Director Remuneration Report For For Management
9 Approve Incentive Plan Linked to Share For For Management
Performance
10 Receive Management Report None None Management
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
12 Approve Minutes of Meeting For For Management
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RED ELECTRICA DE ESPANA S.A
Ticker: Security ID: E42807102
Meeting Date: MAY 21, 2008 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, 2007
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended Dec. 31, 2007
3 Approve Allocation of Income and For For Management
Dividends for Fiscal Year Ended Dec. 31,
2007
4 Approve Discharge of Directors For For Management
5.1 Elect Antonio Garamendi Lecanda as For For Management
Director
5.2 Elect Jose Rodrigues Pereira dos Penedos For For Management
as Director
5.3 Elect Jose Folgado Blanco as Director For For Management
5.4 Elect Arantza Mendizabal Gorostiaga as For For Management
Director
5.5 Elect Manuel Alves Torres as Director For For Management
5.6 Elect Maria Jesus Alvarez Gonzalez as For For Management
Director
6 Convert the Systems Operator and Network For For Management
of Electric Energy Transport into
Subsidiaries
7.1 Amend Article 1 of Bylaws Re: Corporate For For Management
Purpose
7.2 Amend Articles 5, 6 and 14 of Bylaws Re: For For Management
Share Capital, Register of Shares, and
Quorum
7.3 Amend Article 33 of Bylaws Re: Extent of For For Management
Bylaws
7.4 Amend Sole Transitional Provision of For For Management
Bylaws
8.1 Amend Article 6.3 of General Meeting For For Management
Guidelines Re: Limitations
8.2 Amend Article 15.8 of General Meeting For For Management
Guidelines Re: Voting
9.1 Authorize Repurchase of Shares For For Management
9.2 Approve Shares in Lieu of Cash for For For Management
Executive Directors
9.3 Revoke Prior Authorities For For Management
10 Receive Information on Remueration Policy For For Management
for Directors; Ratify Director Pay for
2007
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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REPSOL YPF S.A
Ticker: REPYF Security ID: E8471S130
Meeting Date: MAY 13, 2008 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 Amend Article 49 of the Bylaws Re: For For Management
Financial Statements
3.1 Elect Isidre Faine Casas as Director For For Management
3.2 Elect Juan Maria Nin Genova as Director For For Management
4 Appoint Auditor For For Management
5 Authorize Repurchase of Shares For For Management
6 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
TECNICAS REUNIDAS S.A.
Ticker: Security ID: E9055J108
Meeting Date: JUN 20, 2008 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, 2007
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports for Fiscal Year
Ended Dec. 31, 2007
3 Approve Allocation of Income For For Management
4 Approve Discharge of Directors For For Management
5 Appoint Auditors For For Management
6 Authorize Repurchase of Shares; Void For For Management
Previous Authorization
7 Authorize the Board to Establish and Fund For For Management
Associations or Foundations Pursuant to
Standing Legislation
8 Approve Remuneration of Directors For For Management
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
TELEFONICA S.A. (FORMERLY TELEFONICA DE ESPANA, S.A.)
Ticker: TEF Security ID: 879382109
Meeting Date: APR 21, 2008 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
2.1 Reelect Jose Fernando de Almansa For For Management
Morreno-Barreda to the Board
2.2 Elect Jose Maria Abril Perez to the Board For For Management
2.3 Elect Francisco Javier de Paz Mancho to For For Management
the Board
2.4 Elect Maria Eva Castillo Sanz to the For For Management
Board
2.5 Elect Luis Fernando Furlan to the Board For For Management
3 Authorize Repurchase of Shares For For Management
4 Approve Reduction in Capital via the For For Management
Cancellation of Treasury Shares; Amend
Articles Accordingly
5 Ratify Auditors for 2008 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: Security ID: E45132136
Meeting Date: MAY 21, 2008 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 12-31-07;
Approve Discharge of Directors
2 Approve Allocation of Income For For Management
3 Approve Annual Corporate Governance For For Management
Report
4 Reelect Independent Auditors For For Management
5 Elect Juan Jose Iribecampos as Director For For Management
6 Receive Directors Remuneration Report For For Management
7 Approve Long-Term Incentive Plan for For Against Management
Executives
8 Authorize Repurchase of Shares For For Management
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
UNION FENOSA
Ticker: UNF Security ID: E93171119
Meeting Date: APR 22, 2008 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 12-31-07, and Discharge Directors
2 Elect/Ratify Auditors For For Management
3 Approve 3:1 Stock Split and Subsequent For For Management
Reduction in Par Value to EUR 1 from EUR
3; Modify Article 5 Accordingly
4 Fix Number of Directors; Elect/Ratify For Against Management
Directors (Bundled)
5 Approve Stock Option Plan For For Management
6 Present Information on the Guidelines of For For Management
the Board of Directors
7 Authorize Repurchase of Shares and For For Management
Subsequent Cancellation of Shares
8 Approve Remuneration of Directors For For Management
9 Approve Listing and Delisting of Shares, For For Management
Fixed Income Securities, and Other Debt
Instruments from Secundary Stock
Exchanges
10 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 29, 2008
*By: /s/ Emilie D. Wrapp
--------------------
Emilie D. Wrapp
Secretary