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)
Alliance Capital Management 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
MARK R. MANLEY
Alliance Capital Management L.P.
1345 Avenue of the Americas
New York, New York l0105
(Name and address of agent for service)
Copies of communications to:
Patricia A. Poglinco
Seward & Kissel LLP
One Battery Park Plaza
New York, New York 10004
Date of fiscal year end: November 30
Date of reporting period: July 1, 2003 - June 30, 2004
Item 1. Proxy Voting Record.
******************************* FORM N-Px REPORT *******************************
ICA File Number: 811-05189
Reporting Period: 07/01/2003 - 06/30/2004
The Spain Fund, Inc.
============================= THE SPAIN FUND, INC. =============================
ABENGOA S.A.
Ticker: Security ID: E0002V179
Meeting Date: JUN 26, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements, and Discharge
Directors; Information Regarding General
Meeting and Board Guidelines
2 Approve Allocation of Income For For Management
3 Approve Auditors For For Management
4 Ratify Appointment of Director to the For For Management
Board
5 Amend Article 46 Re: Increase Maximum For For Management
Number of Directors to 12 from 10
6 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights
7 Authorize Issuance of Convertible Bonds For For Management
without Preemptive Rights
8 Authorize Repurchase of Shares For For Management
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
10 Approve Minutes of Meeting For For Management
--------------------------------------------------------------------------------
ACCIONA SA (FORMERLY GRUPO ACCIONA SA (FORMERLY CUBIERTAS Y
Ticker: Security ID: E0008Z109
Meeting Date: APR 25, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements For For Management
2 Accept Statutory Reports; Approve For For Management
Discharge of Directors
3 Approve Allocation of Income and Dividend For For Management
of EUR 1.38 Per Share
4 Amend Articles For For Management
5 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights
6 Authorize Issuance of Convertible Bonds For Against Management
without Preemptive Rights
7 Approve General Meeting Guidelines For For Management
8 Authorize Repurchase of Shares For For Management
9 Elect Auditors For For Management
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
ACERINOX S.A.
Ticker: Security ID: E0060D103
Meeting Date: JUN 10, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Allocation For For Management
of Income, and Distribution of Aggregate
Dividend of EUR 55.27 Million
2 Approve Discharge of Management; Approve For For Management
Dividend Payments Made in 01-05-04 and
04-05-04
3 Approve KPMG Auditores S.L. as Auditors For For Management
for Fiscal Year 2004
4 Authorize Share Repurchase Program For For Management
5 Approve 4:1 Stock Split and Reduce Par For For Management
Value of Shares to EUR 0.25 from EUR 1
6 Amend Articles 14 and 15 Re: Attendance, For For Management
Presiding Committee, Accords
7 Approve Distribution of EUR 0.08 Per For For Management
Share from Issuance Premium Reserve
8 Amend Articles 5, 6, and 7 of General For For Management
Meeting Guidelines Re: Shareholder's
Acces to Information, Participation in
the Meeting, Shareholder Representation
at the Meeting
9 Elect Juan March and Susumu Komori to For For Management
Management Board and Reelect Jose
Aguirre, Jose Guerediaga, Oscar Fanjul,
and Marcelino Oreja for Four Year Terms
to Management Board
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
11 Designate Shareholders to Approve and For For Management
Sign Minutes of Meeting
--------------------------------------------------------------------------------
ACERINOX S.A.
Ticker: Security ID: E0060D103
Meeting Date: JUN 9, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Allocation For For Management
of Income, and Distribution of Aggregate
Dividend of EUR 55.27 Million
2 Approve Discharge of Management; Approve For For Management
Dividend Payments Made in 01-05-04 and
04-05-04
3 Approve KPMG Auditores S.L. as Auditors For For Management
for Fiscal Year 2004
4 Authorize Share Repurchase Program For For Management
5 Approve 4:1 Stock Split and Reduce Par For For Management
Value of Shares to EUR 0.25 from EUR 1
6 Amend Articles 14 and 15 Re: Attendance, For For Management
Presiding Committee, Accords
7 Approve Distribution of EUR 0.08 Per For For Management
Share from Issuance Premium Reserve
8 Amend Articles 5, 6, and 7 of General For For Management
Meeting Guidelines Re: Shareholder's
Acces to Information, Participation in
the Meeting, Shareholder Representation
at the Meeting
9 Elect Juan March and Susumu Komori to For For Management
Management Board and Reelect Jose
Aguirre, Jose Guerediaga, Oscar Fanjul,
and Marcelino Oreja for Four Year Terms
to Management Board
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
11 Designate Shareholders to Approve and For For Management
Sign Minutes of Meeting
--------------------------------------------------------------------------------
ACS, ACTIVIDADES DE CONSTRUCCIONES (FORMERLY GINES NAVARRO C
Ticker: Security ID: E7813W106
Meeting Date: MAY 19, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Group Financial For For Management
Statements, Allocation of Income; Present
Corporate Governance Report
2 Approve Discharge of Management Board For For Management
3 Elect Management Board For For Management
4 Authorize Repurchase of Shares For For Management
5 Approve Auditors For For Management
6 Approve Reduction in Share Capital via For For Management
Cancellation of 902,453 Treasury Shares;
Amend Articles Accordingly
7 Approve 3:1 Stock Split and Subsequent For For Management
Reduction in Par Value to EUR 0.50 from
EUR 1.50
8 Amend Articles 13, 15, 20b, 22, 26, and For For Management
28 Re: Board Numbers, Composition,
Functions, and General Meetings
Attendance and Information
9 Approve Stock Option Plan For For Management
10 Approve General Meeting Guidelines; For For Management
Present Report Re: Board Guidelines
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
12 Approve Minutes of Meeting For For Management
--------------------------------------------------------------------------------
ACS, ACTIVIDADES DE CONSTRUCCIONES (FORMERLY GINES NAVARRO C
Ticker: Security ID: E7813W106
Meeting Date: MAY 20, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Group Financial For For Management
Statements, Allocation of Income; Present
Corporate Governance Report
2 Approve Discharge of Management Board For For Management
3 Elect Management Board For For Management
4 Authorize Repurchase of Shares For For Management
5 Approve Auditors For For Management
6 Approve Reduction in Share Capital via For For Management
Cancellation of 902,453 Treasury Shares;
Amend Articles Accordingly
7 Approve 3:1 Stock Split and Subsequent For For Management
Reduction in Par Value to EUR 0.50 from
EUR 1.50
8 Amend Articles 13, 15, 20b, 22, 26, and For For Management
28 Re: Board Numbers, Composition,
Functions, and General Meetings
Attendance and Information
9 Approve Stock Option Plan For For Management
10 Approve General Meeting Guidelines; For For Management
Present Report Re: Board Guidelines
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
12 Approve Minutes of Meeting For For Management
--------------------------------------------------------------------------------
ALDEASA SA
Ticker: Security ID: E0376M102
Meeting Date: MAY 20, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Group Financial For For Management
Statements, Allocation of Income, and
Discharge Directors
2 Elect Management Board For For Management
3 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights up to Aggregate Amount
of EUR 12.6 Million
4 Authorize Repurchase of Shares For For Management
5 Amend Articles 17.5 (Delegations), and For For Management
18.6 and 11 (Right to Information)
6 Amend General Meeting Guidelines For For Management
7 Approve Auditors For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
9 Authorize Chairman and Secretary to For For Management
Ratify and Execute Approved Resolutions
--------------------------------------------------------------------------------
ALDEASA SA
Ticker: Security ID: E0376M102
Meeting Date: MAY 21, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Group Financial For For Management
Statements, Allocation of Income, and
Discharge Directors
2 Elect Management Board For For Management
3 Authorize Issuance of Equity or For For Management
Equity-Linked Securities without
Preemptive Rights up to Aggregate Amount
of EUR 12.6 Million
4 Authorize Repurchase of Shares For For Management
5 Amend Articles 17.5 (Delegations), and For For Management
18.6 and 11 (Right to Information)
6 Amend General Meeting Guidelines For For Management
7 Approve Auditors For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
9 Authorize Chairman and Secretary to For For Management
Ratify and Execute Approved Resolutions
--------------------------------------------------------------------------------
AMADEUS GLOBAL TRAVEL DISTRIBUTION SA
Ticker: Security ID: E0463L199
Meeting Date: JUN 14, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports
3 Approve Allocation of Income For Against Management
4 Approve Discharge of Management Board For For Management
5 Elect Management Board For For Management
6 Reelect Deloitte & Touche Espana S.L. as For For Management
Auditors
7 Approve Reduction in Share Capital Via For For Management
Cancellation of 48.54 Million Class B
Shares; Amend Article 5 to Reflect Change
in Capital
8 Amend Articles For For Management
12,14,17,20,22,23,25,27,29,30,31,32,33
Re: Shareholder Meetings, Meeting Notice,
Attendance and Participation at the
Meetings, Board Guidelines, General
Meeting Guidelines, Remote Vote,
Shareholder Access to Information
9 Approve General Meeting Guidelines For For Management
10 Modify Executive Stock Option Plan For Against Management
Approved at 06-16-00 AGM
11 Authorize Repurchase of Shares For For Management
12 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
BANCO BILBAO VIZCAYA ARGENTARIA
Ticker: BBV Security ID: E11805103
Meeting Date: FEB 27, 2004 Meeting Type: Annual
Record Date: FEB 27, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Allocation For For Management
of Income and Distribution of Dividend,
and Discharge Directors
2 Authorize Issuance of Equity or For For Management
Equity-Linked Securities with or without
Preemptive Rights
3 Authorize Issuance of Bonds up to For For Management
Aggregate Nominal Amount of EUR 71.8
Billion
4 Amend Articles 24, 29, 31, 34, 35, 37, For For Management
38, 45 Re: Attendance Rights, Shareholder
Information Rights, Adoption of
Agreements, Board Election and Size,
Board Member Requirements, Board
Vacancies, Chairman and Secretary,
Creation and Composition of Board
5 Approve General Meeting Guidelines; For For Management
Information Re: Board Guidelines
6 Approve Listing (or Delisting) of Shares For For Management
on Secondary/Foreign Exchanges
7 Authorize Repurchase of Shares and For For Management
Subsequent Cancellation of Repurshased
Shares
8 Reelect Deloitte & Touche Espana, S.L. as For For Management
Auditors
9 Elect Jose Antonio Fernandez Rivero and For For Management
Carlos Loring as New Directors; Reelect
Directors
10 Approve Fund Transfer to Employee For For Management
Retirement Fund
11 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
BANCO ESP CREDITO (BANESTO)
Ticker: Security ID: E20930124
Meeting Date: DEC 2, 2003 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Agreement with Banco de For Against Management
Vitoria SA; Approve Merger Balance Sheet
Dated 8-31-03
2 Approve Transfer of Reserves to Employee For For Management
Retirement Fund
3 Approve EUR 6 Million in Donations to For For Management
'Fundacion para el Desarrollo de la
Sociedad' (Non-Profit Foundation)
4 Amend Articles Re: Distinction Between For For Management
Executive and Non-executive Directors;
Company Secretary; and Maximum Number of
Members of Audit and Compliance Committee
5 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
BANCO ESP CREDITO (BANESTO)
Ticker: Security ID: E20930124
Meeting Date: FEB 4, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports of Banco de Vitoria SA
2 Approve Financial Statements, Allocation For For Management
of Income, and Discharge Directors
3 Approve General Meeting Guidelines For For Management
4 Approve EUR 201.4 Million Reduction in For For Management
Stated Capital for Bonus Payment to
Shareholders in Amount of EUR 0.29
5 Amend Articles Re: Responsibilities of For For Management
Chairman, Disclosure via Internet, Voting
Rights, Remote Attendance at Meetings,
and Other Governance-Related Issues
6 Fix Number of Directors (11); Election of For For Management
Two New Non-Executive Directors
(Francisco Daurella Franco and Daniel
Garcia-Pita Peman); Reelect Directors
7 Ratify Auditors For For Management
8 Authorize Repurchase of Shares For For Management
9 Authorize Issuance of Warrants or For For Management
Convertible Bonds without Preemptive
Rights
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
11 Present Information Re: Board Guidelines For For Management
--------------------------------------------------------------------------------
BANCO POPULAR ESPANOL
Ticker: Security ID: E19550156
Meeting Date: JUN 23, 2004 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
2 Elect Management Board For For Management
3 Reelect Pricewaterhouse Coopers as For For Management
Auditors
4 Amend Articles 14,15,16,18,21, and 22 Re: For For Management
Remote Vote, Shareholder Access to
Information, Number of Directors and
Remuneration, Audit Committee
5 Approve General Meeting Guidelines; For For Management
Information Re: Board Guidelines
6 Authorize Share Repurchase Program and For For Management
Cancellation of Repurchased Shares;
Approve Reduction in Capital
7 Approve Transfer of Reserves to Early For Against Management
Retirement Fund
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
BANCO POPULAR ESPANOL
Ticker: Security ID: E19550156
Meeting Date: JUN 24, 2004 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
2 Elect Management Board For For Management
3 Reelect Pricewaterhouse Coopers as For For Management
Auditors
4 Amend Articles 14,15,16,18,21, and 22 Re: For For Management
Remote Vote, Shareholder Access to
Information, Number of Directors and
Remuneration, Audit Committee
5 Approve General Meeting Guidelines; For For Management
Information Re: Board Guidelines
6 Authorize Share Repurchase Program and For For Management
Cancellation of Repurchased Shares;
Approve Reduction in Capital
7 Approve Transfer of Reserves to Early For Against Management
Retirement Fund
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
BANCO SANTANDER CENTRAL HISPANO (FRMLY BANCO SANTANDER)
Ticker: SBP Security ID: E19790109
Meeting Date: JUN 18, 2004 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 Approve Allocation of Income For For Management
3 Reelect and Ratify Management Board For For Management
4 Reelect Deloitte & Touche Espana SL as For For Management
Auditors
5 Authorize Share Repurchase Program For For Management
6 Amend Articles 8,15,16,22,and 23 Re: For For Management
Share Registry Entity, Elimination of
Shareholding Requirement to Attend
Shareholder Meetings, Remote Voting and
Attendance; Add New Article and Change
Numeration of Company's By-Laws
7 Approve New General Meeting Guidelines For For Management
8 Authorize Issuance of Equity or For For Management
Equity-Linked Securities with Preemptive
Rights
9 Authorize Issuance of Non-Convertible For For Management
Bonds
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
11 Accept Board Guidelines Report For For Management
--------------------------------------------------------------------------------
BANCO SANTANDER CENTRAL HISPANO (FRMLY BANCO SANTANDER)
Ticker: BCH Security ID: E19790109
Meeting Date: JUN 19, 2004 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 Approve Allocation of Income For For Management
3 Reelect and Ratify Management Board For For Management
4 Reelect Deloitte & Touche Espana SL as For For Management
Auditors
5 Authorize Share Repurchase Program For For Management
6 Amend Articles 8,15,16,22,and 23 Re: For For Management
Share Registry Entity, Elimination of
Shareholding Requirement to Attend
Shareholder Meetings, Remote Voting and
Attendance; Add New Article and Change
Numeration of Company's By-Laws
7 Approve New General Meeting Guidelines For For Management
8 Authorize Issuance of Equity or For For Management
Equity-Linked Securities with Preemptive
Rights
9 Authorize Issuance of Non-Convertible For For Management
Bonds
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
11 Accept Board Guidelines Report For For Management
--------------------------------------------------------------------------------
CORPORACION MAPFRE SA
Ticker: Security ID: E3449V117
Meeting Date: MAR 6, 2004 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; Allocate Income
2 Approve Dividends For Did Not Management
Vote
3 Approve Discharge of Management Board For Did Not Management
Vote
4 Elect Management Board; Nominate and For Did Not Management
Ratify Appointment of Director Vote
5 Amend Article 23 Re: Introduction of For Did Not Management
Audit Committee Regulations Vote
6 Approve General Meeting Guidelines For Did Not Management
Vote
7 Approve Board Guidelines; Approve Annual For Did Not Management
Corporate Governance Report; Approve Vote
Audit Committee Report
8 Approve Reappointment of Ernst & Young SA For Did Not Management
y Cia. as Auditors Vote
9 Authorize Board to Ratify and Execute For Did Not Management
Approved Resolutions Vote
10 Approve Minutes of Meeting For Did Not Management
Vote
--------------------------------------------------------------------------------
ENAGAS SA
Ticker: Security ID: E41759106
Meeting Date: APR 29, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For For Management
Statutory Reports, Allocation of Income,
and Discharge Directors
2 Fix Number of Directors; Elect Directors For For Management
3 Amend Articles 27, 31 Re: Meeting For For Management
Attendance and Right to Information,
Respectively
4 Approve General Meeting Guidelines For For Management
5 Approve Remuneration of Directors For For Management
6 Approve Auditors For For Management
7 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
ENAGAS SA
Ticker: Security ID: E41759106
Meeting Date: APR 30, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For For Management
Statutory Reports, Allocation of Income,
and Discharge Directors
2 Fix Number of Directors; Elect Directors For For Management
3 Amend Articles 27, 31 Re: Meeting For For Management
Attendance and Right to Information,
Respectively
4 Approve General Meeting Guidelines For For Management
5 Approve Remuneration of Directors For For Management
6 Approve Auditors For For Management
7 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
ENDESA S.A.
Ticker: Security ID: E41222113
Meeting Date: APR 2, 2004 Meeting Type: Annual
Record Date: MAR 4, 2004
# Proposal Mgt Rec Vote Cast Sponsor
1 APPROVAL, WHEN APPROPRIATE, OF THE For Did Not Management
FINANCIAL STATEMENTS (NOTES TO FINANCIAL Vote
STATEMENTS, BALANCE SHEET AND STATEMENT
OF INCOME) AND MANAGEMENT REPORT OF THE
COMPANY.
2 APPROVAL OF THE APPROPRIATION OF INCOME For Did Not Management
FOR THE YEAR AND DISTRIBUTION OF Vote
DIVIDEND.
3 NEW WORDING OF ARTICLE 16 (ISSUE OF For Did Not Management
DEBENTURES), AND ARTICLE 33 (RIGHT TO Vote
INFORMATION).
4 INCLUSION OF A NEW ARTICLE 30 B IN THE For Did Not Management
CURRENT BY-LAWS (VOTING AND Vote
REPRESENTATION BY REMOTE MEANS OF
COMMUNICATION).
5 NEW WORDING FOR ARTICLE 9 (RIGHT TO For Did Not Management
INFORMATION), ARTICLE 12 (PUBLIC PROXY Vote
SOLICITATION) AND ARTICLE 18 (SPEECHES)
6 INCLUSION OF A NEW ARTICLE 20 BIS IN THE For Did Not Management
REGULATIONS (VOTING AND REPRESENTATION BY Vote
REMOTE MEANS OF COMMUNICATION).
7 APPROVAL OF THE APPOINTMENT, ACCEPTANCE, For Did Not Management
RATIFICATION AND RENEWAL PER THE BYLAWS Vote
OF DIRECTORS.
8 Ratify Auditors For Did Not Management
Vote
9 APPROVAL OF THE AUTHORIZATION FOR THE For Did Not Management
COMPANY AND ITS SUBSIDIARIES TO BE ABLE Vote
TO ACQUIRE TREASURY STOCK.
10 APPROVAL OF THE AUTHORIZATION OF THE For Did Not Management
BOARD OF DIRECTORS TO CARRY OUT, Vote
IMPLEMENT AND, IF APPROPRIATE, RECTIFY
ANY RESOLUTIONS.
--------------------------------------------------------------------------------
GAMESA CORP TECNOLOGIA (FRMELYGRUPO AUXILIAR METALURGICO)
Ticker: Security ID: E54667105
Meeting Date: MAY 28, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Group Financial For For Management
Statements, Allocation of Income and
Distribution of Dividend, and Discharge
Directors
2 Authorize Capitalization of Reserves of For For Management
EUR 810,999.68 Through a Change in Par
Value to EUR 0.17 Per Share
3 Approve General Meeting Guidelines; For For Management
Information Re: Board Guidelines
4 Amend Articles For For Management
5 Approve Executive Stock Option Plan For Against Management
6 Authorize Repurchase of Shares For For Management
7 Approve Agreements Re: Individual and For For Management
Group Auditor in Compliance With Spanish
Law
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
GAMESA CORP TECNOLOGIA (FRMELYGRUPO AUXILIAR METALURGICO)
Ticker: Security ID: E54667105
Meeting Date: MAY 29, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Group Financial For Did Not Management
Statements, Allocation of Income and Vote
Distribution of Dividend, and Discharge
Directors
2 Authorize Capitalization of Reserves of For Did Not Management
EUR 810,999.68 Through a Change in Par Vote
Value to EUR 0.17 Per Share
3 Approve General Meeting Guidelines; For Did Not Management
Information Re: Board Guidelines Vote
4 Amend Articles For Did Not Management
Vote
5 Approve Executive Stock Option Plan For Did Not Management
Vote
6 Authorize Repurchase of Shares For Did Not Management
Vote
7 Approve Agreements Re: Individual and For Did Not Management
Group Auditor in Compliance With Spanish Vote
Law
8 Authorize Board to Ratify and Execute For Did Not Management
Approved Resolutions Vote
--------------------------------------------------------------------------------
GRUPO DRAGADOS (FRM. DRAGADOS Y CONSTRUCCIONES,)
Ticker: Security ID: E5700X104
Meeting Date: OCT 13, 2003 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Merger Balance Sheet Dated For Against Management
4-30-03
2 Approve Acquisition by ACS, Actividades For Against Management
de Construccion y Servicios SA
3 Authorize Board to Ratify and Execute For Against Management
Approved Resolutions
--------------------------------------------------------------------------------
IBERIA LINEAS AEREAS DE ESPANA
Ticker: Security ID: E6167M102
Meeting Date: JUN 23, 2004 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 Reelect Deloitte & Touche Espana S.L. as For For Management
Auditors
3 Amend Articles 27, 28, 36, 37, 38, 40, For For Management
and 41 Re: General Meeting, Attendance,
Representation at the Meetings, Approval
of Resolutions, Access to Information
4 Approve General Meeting Guidelines For For Management
5 Approve Stock Option Plan for Chairman of For Against Management
Board
6 Approve Remuneration of Directors For For Management
7 Authorize Repurchase of Shares For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
IBERIA LINEAS AEREAS DE ESPANA
Ticker: Security ID: E6167M102
Meeting Date: JUN 24, 2004 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 Reelect Deloitte & Touche Espana S.L. as For For Management
Auditors
3 Amend Articles 27, 28, 36, 37, 38, 40, For For Management
and 41 Re: General Meeting, Attendance,
Representation at the Meetings, Approval
of Resolutions, Access to Information
4 Approve General Meeting Guidelines For For Management
5 Approve Stock Option Plan for Chairman of For Against Management
Board
6 Approve Remuneration of Directors For For Management
7 Authorize Repurchase of Shares For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
INDRA SISTEMAS SA
Ticker: Security ID: E6271Z155
Meeting Date: JUN 25, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports; Approve Allocation of Income
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports
3 Approve Discharge of Management Board For For Management
4 Approve Merger Balance Sheet; Approve For For Management
Merger by Absorption of Sistemas
Integrales Indraseg S.L.
5 Amend Articles 14 Re: Remote Voting, For For Management
Representation and Voting Rights
6 Approve Changes to General Meeting For For Management
Guidelines
7 Accept Report on Changes to the Board For For Management
Guidelines
8 Fix Number of Directors; Elect Directors For For Management
9 Approve Remuneration of Directors For For Management
10 Approve Auditors For For Management
11 Authorize Share Repurchase Program For For Management
12 Allow Questions For For Management
13 Authorize Filing of Required For For Management
Documents/Other Formalities
--------------------------------------------------------------------------------
INDRA SISTEMAS SA
Ticker: Security ID: E6271Z155
Meeting Date: JUN 26, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Accept Financial Statements and Statutory For For Management
Reports; Approve Allocation of Income
2 Accept Consolidated Financial Statements For For Management
and Statutory Reports
3 Approve Discharge of Management Board For For Management
4 Approve Merger Balance Sheet; Approve For For Management
Merger by Absorption of Sistemas
Integrales Indraseg S.L.
5 Amend Articles 14 Re: Remote Voting, For For Management
Representation and Voting Rights
6 Approve Changes to General Meeting For For Management
Guidelines
7 Accept Report on Changes to the Board For For Management
Guidelines
8 Fix Number of Directors; Elect Directors For For Management
9 Approve Remuneration of Directors For For Management
10 Approve Auditors For For Management
11 Authorize Share Repurchase Program For For Management
12 Allow Questions For For Management
13 Authorize Filing of Required For For Management
Documents/Other Formalities
--------------------------------------------------------------------------------
INDUSTRIA DE DISENO TEXTIL (INDITEX)
Ticker: Security ID: E6282J109
Meeting Date: JUL 18, 2003 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements and Statutory
Reports; Discharge Directors
2 Approve Allocation of Income and For For Management
Dividends
3 Elect Directors For For Management
4 Amend Articles Re: General Meetings, For For Management
Voting Rights, Adoption of Resolutions,
Board Composition, Quorum Requirements,
and Establishment of Audit Committee
5 Approve Board Guidelines For For Management
6 Authorize Repurchase of shares For For Management
7 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
PROMOTORA DE INFORMACIONES (FRMELY GRUPO PRISA)
Ticker: Security ID: E8183K102
Meeting Date: APR 15, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For For Management
Financial Statements; Allocation of
Income
2 Approve Discharge of Board of Directors For For Management
3 Approve Auditors For For Management
4 Elect Management Board For For Management
5 Amend Articles Re: Legal Provisions For For Management
Governing the Company, Competencies,
General Meeting, Number of Members and
Duties, Audit Committee, Substitutions
and Appointments, and Legal Compliance
6 Approve General Meeting Guidelines For For Management
7 Approve Stock Option Plan For Executive For For Management
Directors and Managers
8 Authorize Repurchase of Shares For For Management
9 Accept Report Re: Board of Directors' For For Management
Guidelines
10 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
RED ELECTRICA DE ESPANA
Ticker: Security ID: E42807102
Meeting Date: JUL 16, 2003 Meeting Type: Special
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Amend Articles Re: Corporate Purpose, For Against Management
Share Capital, Shareholder Rights,
General Meetings, Quorums, Board of
Directors, Audit Committee, External
Auditors, and Conflict Resolution
2 Approve General Meeting Guidelines For For Management
3 Fix Number of Directors For For Management
4 Elect Directors For For Management
5 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
RED ELECTRICA DE ESPANA
Ticker: Security ID: E42807102
Meeting Date: MAY 5, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Allocation For For Management
of Income and Distribution of a Dividend
of EUR 0.548 Per Share, and Discharge
Directors
2 Amend Articles 14, 15 and 17 Bis of For For Management
Company Bylaws Re: Quorum, Shareholder
Information and Attendance Rights, and
Remote Voting
3 Amend Articles 2, 10, 11, and 15 of For For Management
General Meeting Guidelines Re: Company's
Website, Voting Representation, and
Proposal Deliberations
4 Accept Report: Board of Directors' For For Management
Guidelines
5 Reelect KPMG Auditores S.L. as Auditors For For Management
6 Authorize Repurchase of Shares For For Management
7 Authorize Board to Issue Bonds For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
RED ELECTRICA DE ESPANA
Ticker: Security ID: E42807102
Meeting Date: MAY 6, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Allocation For For Management
of Income and Distribution of a Dividend
of EUR 0.548 Per Share, and Discharge
Directors
2 Amend Articles 14, 15 and 17 Bis of For For Management
Company Bylaws Re: Quorum, Shareholder
Information and Attendance Rights, and
Remote Voting
3 Amend Articles 2, 10, 11, and 15 of For For Management
General Meeting Guidelines Re: Company's
Website, Voting Representation, and
Proposal Deliberations
4 Accept Report: Board of Directors' For For Management
Guidelines
5 Reelect KPMG Auditores S.L. as Auditors For For Management
6 Authorize Repurchase of Shares For For Management
7 Authorize Board to Issue Bonds For For Management
8 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
REPSOL YPF SA (FORMERLY REPSOL, S.A.)
Ticker: REP Security ID: E8471S130
Meeting Date: MAR 30, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements, Allocation For Did Not Management
of Income and Distribution of Dividend of Vote
EUR 0.40 Per Share, and Discharge
Directors
2 Elect Management Board For Did Not Management
Vote
3 Approve Deloitte & Touche Espana Auditors For Did Not Management
SL as Auditors Vote
4 Authorize Repurchase of Shares up to a For Did Not Management
Maximum of Five Percent of Capital Vote
5 Amend Articles Re: Legal Provisions For Did Not Management
Governing the Company, Shareholders Vote
Meeting, Right of Attendance,
Representation, Board Composition,
Administrators' Liability, and Debentures
Issuance
6 Amend Articles Re: Regulations of the For Did Not Management
General Shareholder's Meeting Vote
7 Authorize Board to Ratify and Execute For Did Not Management
Approved Resolutions Vote
--------------------------------------------------------------------------------
SOGECABLE SA
Ticker: Security ID: E8900A114
Meeting Date: MAR 15, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Financial Statements and For Did Not Management
Statutory Reports; Allocation of Income Vote
2 Approve Discharge of Directors For Did Not Management
Vote
3 Elect Directors, Including Jaime Terceira For Did Not Management
Lomba Vote
4 Amend Articles Re: Compliance With For Did Not Management
Spanish Law Concerning External Auditors Vote
5 Amend Articles Re: Meeting Attendance, For Did Not Management
Chairmanship and Adoption of Agreements, Vote
Audit Committee and Remote Voting
6 Approve Remuneration of Directors For Did Not Management
Vote
7 Authorize Issuance of Convertible Bonds For Did Not Management
and/or Other Debt Instruments without Vote
Preemptive Rights; Authorize Board to
Increase Capital to Service Conversion
8 Authorize Issuance of Convertible Bonds For Did Not Management
and/or Other Debt Instruments with Vote
Preemptive Rights; Authorize Board to
Increase Capital to Service Conversion
9 Authorize Share Repurchase Program For Did Not Management
Vote
10 Approve General Meeting Guidelines For Did Not Management
Vote
11 Authorize Board to Ratify and Execute For Did Not Management
Approved Resolutions Vote
--------------------------------------------------------------------------------
TELEFONICA S.A. (FORMERLY TELEFONICA DE ESPANA, S.A.)
Ticker: TEF Security ID: E90183182
Meeting Date: APR 29, 2004 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 Approve Dividend Per Share For For Management
3 Approve Auditors For For Management
4 Authorize Repurchase of Shares For For Management
5 Approve General Meeting Guidelines For For Management
6 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
TELEFONICA S.A. (FORMERLY TELEFONICA DE ESPANA, S.A.)
Ticker: TEF Security ID: E90183182
Meeting Date: APR 30, 2004 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 Approve Dividend Per Share For For Management
3 Approve Auditors For For Management
4 Authorize Repurchase of Shares For For Management
5 Approve General Meeting Guidelines For For Management
6 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
TELEFONICA MOVILES
Ticker: Security ID: E9016S114
Meeting Date: APR 16, 2004 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 Dividend of EUR 0.1838 Per Share For For Management
3 Approve Deloitte and Touche Espana S.L. For For Management
as Auditors
4 Authorize Repurchase of Shares For For Management
5 Approve General Meeting Guidelines For For Management
6 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
TPI TELEFONICA PUBLICA E INFORMACION
Ticker: Security ID: E9016X113
Meeting Date: APR 3, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Individual and Consolidated For Did Not Management
Financial Statements, Allocation of Vote
Income, and Discharge Directors
2 Approve Dividend of EUR 0.25 Per Share For Did Not Management
Vote
3 Approve Auditors For Did Not Management
Vote
4 Authorize Repurchase of Shares For Did Not Management
Vote
5 Approve Application for Consolidated Tax For Did Not Management
Status Vote
6 Approve General Meeting Guidelines For Did Not Management
Vote
7 Authorize Board to Ratify and Execute For Did Not Management
Approved Resolutions Vote
--------------------------------------------------------------------------------
VISCOFAN SA, PAMPLONA(FORMERLY VISCOFAN, INDUSTRIA NAVARRA D
Ticker: Security ID: E97579192
Meeting Date: JUN 13, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Meeting Agenda/Notice For For Management
2 Designate Two Shareholders to Approve and For For Management
Sign Minutes of Meeting
3 Approve Financial Statements, Allocation For Against Management
of Income, and Discharge Directors
4 Approve Auditors For For Management
5 Amend Articles 23 and 24 Re: Remote Vote For For Management
6 Approve General Meeting Guidelines; For For Management
Report on Changes to Made to Guidelines
of the Board of Directors
7 Approve EUR 146,504.70 Reduction in Share For For Management
Capital Via Cancellation of 488,349
Company Treasury Shares; Amend Article 5
Accordingly
8 Authorize Share Repurchase Program For For Management
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
--------------------------------------------------------------------------------
VISCOFAN SA, PAMPLONA(FORMERLY VISCOFAN, INDUSTRIA NAVARRA D
Ticker: Security ID: E97579192
Meeting Date: JUN 14, 2004 Meeting Type: Annual
Record Date:
# Proposal Mgt Rec Vote Cast Sponsor
1 Approve Meeting Agenda/Notice For For Management
2 Designate Two Shareholders to Approve and For For Management
Sign Minutes of Meeting
3 Approve Financial Statements, Allocation For Against Management
of Income, and Discharge Directors
4 Approve Auditors For For Management
5 Amend Articles 23 and 24 Re: Remote Vote For For Management
6 Approve General Meeting Guidelines; For For Management
Report on Changes to Made to Guidelines
of the Board of Directors
7 Approve EUR 146,504.70 Reduction in Share For For Management
Capital Via Cancellation of 488,349
Company Treasury Shares; Amend Article 5
Accordingly
8 Authorize Share Repurchase Program For For Management
9 Authorize Board to Ratify and Execute For For Management
Approved Resolutions
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 26, 2004
*By: /s/ Mark R. Manley
------------------
Mark R. Manley
Secretary