Welcome to the Mexico Equity and Income Fund, Inc. website.
We are glad that you would like to learn more about our fund.
Profile
The Mexico Equity and Income Fund, Inc. (“the Fund”) maintains an investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The Fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.
Characteristics
The Mexico Equity and Income Fund, Inc., incorporated in Maryland, U.S.A. is registered under the U.S. Investment Company Act of 1940, as amended, as a closed-end, non diversified management investment company.
Since August 21, 1990 our common stock has traded on the New York Stock Exchange (the “NYSE”) under the symbol “MXE”.
Investment Objective
The Fund’s investment objective is to seek high total return through capital appreciation and current income by investing at least 80% of the Fund’s assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers.
Risk Factors
We invest substantially all of our assets in foreign securities of Mexican issuers. Investing in the Mexican financial markets presents political, regulatory and economic risks which are significant and which may differ in kind and degree from the risks presented by investing in the U.S. financial markets. Some of these risks may include changes in foreign currency exchange rates or controls, greater volatility, differences in accounting standards and policies, and in the type of nature of disclosures required by Mexican issuers, substantially less liquidity, controls on foreign investment, and limitation on repatriation of invested capital. Our exposure to developing county financial markets may involve greater risk than a portfolio that invests only in developed country financial markets.
The Fund’s shares have traded in the market above (at a premium), at, and below (at a discount) the net asset value per share (NAV) since the commencement of the Fund’s operations. Generally, shares of closed-end investment companies, including those of the Fund, trade at a discount from NAV. To see latest figures of discount or premium, please go to the Price and Performance page.
For more information on the Mexico Equity and Income Fund, please logon to the Securities and Exchange Commission website.
The Fund’s Form N-PX is available upon request and at no charge, on the Securities and Exchange Commission website or by contacting the Fund.
Copyright Mexico Equity and Income Fund, Inc. ©2024. All rights reserved. Reproduction of Mexico Equity and Income Fund, Inc. Web site, in whole or in part, other than for personal, non-commercial use, by copying, entry into any date-retrieval system, or digital transmission onto a public electronic forum, without prior written permission, is strictly forbidden. This Web site is not an offer to sell nor a solicitation of an offer to buy securities of Mexico Equity and Income Fund, Inc. or of any of the other securities mentioned herein. This Web site is not intended to provide information regarding Mexico Equity and Income Fund, Inc. in any manner or to any person except in compliance with applicable law.