Welcome to our dedicated page for Mexico Fund news (Ticker: MXF), a resource for investors and traders seeking the latest updates and insights on Mexico Fund stock.
The Mexico Fund, Inc. reports developments for a non-diversified closed-end management investment company focused on long-term capital appreciation through investments in securities, primarily equities, listed on the Mexican Stock Exchange. Its shares trade on the NYSE under the symbol MXF.
Recurring news centers on cash distributions under the Fund's Managed Distribution Plan, required source estimates for net investment income, capital gains and return of capital, annual report releases, NAV and market-price performance, benchmark comparisons to the MSCI Mexico Index, and stockholder meeting results for board elections.
The Mexico Fund (NYSE: MXF) has released its fiscal 2025 Semi-Annual Report for the period ended April 30, 2025. The Fund's NAV achieved a total return of 13.22%, while its market price registered a 14.21% return, slightly underperforming its benchmark MSCI Mexico Index's 15.23% return.
The Fund's Board of Directors increased the quarterly distribution by 13.6% from $0.22 to $0.25 per share, representing a 6.4% annualized distribution rate. As of April 30, 2025, the Fund's market price was $15.53 with a NAV of $19.46, reflecting a discount of 20.20%. The Fund maintained its expense ratio cap at 1.40% for fiscal year 2025.
The Mexico Fund (NYSE: MXF) has announced a cash distribution of $0.22 per share to stockholders of record as of April 22, 2025, payable on April 30, 2025. The distribution breakdown includes:
- Net Investment Income: 46.34% ($0.1020 per share)
- Net Realized Short-Term Capital Gains: 8.23% ($0.0181)
- Net Realized Long-Term Capital Gains: 10.10% ($0.0222)
- Return of Capital: 35.33% ($0.0777)
The fund's performance metrics show a 21.15% average annual total return for the 5-year period ended March 31, 2025. The current annualized distribution rate stands at 3.00%, with a fiscal year-to-date cumulative total return of 2.08%. The fund operates under a Managed Distribution Plan (MDP), with distributions subject to final tax reporting through Form 1099-DIV.
The Mexico Fund (NYSE: MXF) has announced a cash distribution of $0.22 per share to stockholders of record on April 22, 2025, payable on April 30, 2025. The Board of Directors has approved the continuation of the Fund's Managed Distribution Plan (MDP) for 2025.
Since the MDP's implementation in September 2008, the Fund has distributed a total of $27.26 per share to stockholders. The Fund notes that distributable income depends on aggregate gains and losses throughout the year, and distributions may include net investment income, capital gains, and return of capital, though the exact character cannot be determined until the fiscal year end.
The Mexico Fund (NYSE: MXF) held its 2025 Annual Meeting of Stockholders, where two significant board appointments were made. Alberto Osorio was re-elected as Class II Director, while Regina García-Cuéllar was newly elected to the same position. Both directors will serve three-year terms that will expire in 2028. The stockholder vote was decisive, with no abstentions or broker non-votes reported in the election process.
The Mexico Fund (NYSE: MXF) has announced a cash distribution of $0.22 per share to stockholders of record as of January 22, 2025, payable on January 30, 2025. The distribution breakdown includes: 45.52% from net investment income ($0.1002), 4.41% from short-term capital gains ($0.0097), 13.93% from long-term capital gains ($0.0306), and 36.14% as return of capital ($0.0795).
The Fund's performance metrics show a 7.11% average annual total return for the 5-year period ended December 31, 2024, and a negative 4.71% cumulative total return for the current fiscal year, which began on November 1, 2024. The distribution is part of the Fund's Managed Distribution Plan (MDP), with final tax characterization to be determined after the fiscal year end.
The Mexico Fund (NYSE: MXF) has released its fiscal 2024 Annual Report for the period ended October 31, 2024. The Fund's NAV per share showed a total return of -3.14%, while its market price declined -2.10%, compared to the MSCI Mexico Index's -2.14% decrease. The Fund's NAV outperformed its benchmark over three-, five-, ten-year periods and since December 2008.
As of October 31, 2024, the Fund's market price was $14.01 and NAV per share was $17.61, reflecting a discount of 20.44%. The Fund maintained its expense ratio at 1.35%, below the 1.40% cap. A distribution of $0.22 per share will be paid on January 30, 2025 to stockholders of record as of January 22, 2025.
The Mexico Fund (NYSE: MXF) has declared a distribution of $0.22 per share to stockholders of record on January 22, 2025, payable on January 30, 2025. The Board approved continuing the Fund's Managed Distribution Plan (MDP) for 2025. The distribution breakdown includes: 45.52% from net investment income, 4.41% from short-term capital gains, 13.93% from long-term capital gains, and 36.14% as return of capital.
Since implementing the MDP in September 2008, the Fund has distributed $27.04 per share. The Fund's 5-year average annual total return through November 30, 2024, was 6.99%, with a current fiscal year cumulative total return of 0.45% from November 1, 2024, through November 30, 2024.
The Mexico Fund (NYSE: MXF) announced a cash distribution of $0.22 per share to stockholders of record as of October 22, 2024. The distribution breakdown includes: 44.07% from net investment income, 6.03% from short-term capital gains, 40.90% from long-term capital gains, and 9.00% from return of capital. The fund reported a 5-year average annual total return of 10.98%, current annualized distribution rate of 3.82%, and fiscal year cumulative total return of 2.46%.
The Mexico Fund, Inc. (NYSE: MXF) has announced a cash distribution of $0.22 per share to stockholders of record on October 22, 2024, payable on October 30, 2024. The Board has approved the continuation of the Fund's Managed Distribution Plan (MDP) for 2024. Since the MDP's implementation in 2008, the Fund has paid $26.82 per share in total cash distributions.
The distribution's estimated sources are: 42.53% from net investment income, 47.13% from capital gains, and 10.34% from return of capital. The Fund's 5-year average annual total return as of August 31, 2024, is 12.56%, with a current annualized distribution rate of 4.28% for the fiscal year. The Fund's fiscal year-to-date cumulative total return is 0.45%, with a cumulative distribution rate of 3.57%.