Welcome to our dedicated page for Mexico Equity & Income news (Ticker: MXE), a resource for investors and traders seeking the latest updates and insights on Mexico Equity & Income stock.
The Mexico Equity and Income Fund, Inc. (NYSE: MXE) is a closed-end, non-diversified management investment company that focuses on equity and debt securities issued by Mexican companies. This news page collects public announcements and updates related to the fund, giving investors a single place to review key developments affecting MXE and its portfolio.
News items for The Mexico Equity and Income Fund, Inc. commonly include declarations of year-end cash dividends on its common stock. These releases specify that the dividends consist of ordinary income and detail record dates, payment dates, and tax-reporting guidance for stockholders. Such announcements illustrate how the fund implements its objective of combining capital appreciation with current income.
Another recurring category of news involves capital-raising activities, such as non-transferable rights offerings. In these communications, the fund explains the terms of rights offerings approved by its board of directors, including record dates, subscription mechanics, pricing formulas based on volume-weighted average market prices, and any extensions or expirations of the offering period. These updates help investors understand opportunities to subscribe for additional shares and how excess payments may be treated.
In addition to dividend and rights offering announcements, the fund may issue notices that clarify aspects of its investment limitations or provide procedural information related to its offerings and communications. Together, these items form a historical record of how the fund manages distributions, capital structure, and regulatory processes. Investors who follow MXE’s news can track how the fund pursues its stated objective of high total return through capital appreciation and current income in the context of the Mexican securities market.
The Mexico Equity and Income Fund (NYSE: MXE) announced a year-end cash dividend of $0.2337 per share on its common stock. The dividend consists entirely of ordinary income and is payable on December 31, 2025 to shareholders of record on December 16, 2024. Contact: U.S. Bancorp Fund Services, Noah Davis, (414) 516-1696.
The Mexico Equity and Income Fund (NYSE: MXE) has declared a year-end cash dividend of $0.2981 per share on its common stock. The dividend consists entirely of ordinary income and will be payable on December 31, 2024 to stockholders of record as of December 23, 2024.
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The Mexico Equity and Income Fund, Inc. (NYSE: MXE) announced a change of Transfer Agent effective February 6, 2023. American Stock Transfer & Trust Company, LLC will now handle all transactions for the Fund. Importantly, all account balances will remain unchanged. This transition is part of the Fund's ongoing management efforts to ensure efficient operation and service continuity for its shareholders.
The Mexico Equity and Income Fund, Inc. (NYSE: MXE) announced the expiration of its non-transferable rights offering for additional shares on October 8, 2021. The Subscription Price was set at $8.90, with the Estimated Subscription Price at $11.13. All subscription requests by Rights Holders will be fulfilled, and refunds will be issued for excess amounts. A total of 2,613,746 shares will be issued to subscribing Rights Holders. This offering allows for increased equity participation, enhancing the Fund’s capital base.
The Mexico Equity and Income Fund (NYSE: MXE) has announced an extension of its non-transferable rights offering expiration date to October 8, 2021, from the prior October 1, 2021 deadline. Rights Holders can manage any excess payment resulting from the Estimated Subscription Price exceeding the Subscription Price by indicating preferences on the Subscription Certificate. Additionally, a conflict in investment limitations was noted in the Fund's SEC filings, clarifying the limitation applies to 15% of total assets, not net assets.
The Mexico Equity and Income Fund (NYSE: MXE) has announced a non-transferable rights offering approved by its Board of Directors. Stockholders of record as of August 27, 2021, will receive rights to purchase up to 1,786,463 additional shares. Each right allows the purchase of one new share, and holders can subscribe for unsubscribed shares as per the prospectus. The subscription price will be set at 92.5% of the volume weighted average market price three days after the offering expires on October 1, 2021.
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