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.
Mexico Fund, Inc. (MXF) provides investors with targeted exposure to Mexican equities through its closed-end structure focused on long-term capital appreciation. This page serves as the definitive source for official company announcements, financial updates, and market-related developments.
Access timely updates including quarterly earnings reports, portfolio adjustments, management commentary, and strategic initiatives. Investors will find curated information on sector-specific trends in Mexican industries like consumer goods, energy, and infrastructure – all essential for informed decision-making.
Our news collection features verified press releases, regulatory filings, and objective analyses of MXF's investment activities. Bookmark this page to monitor the fund's performance metrics, dividend announcements, and responses to market conditions without navigating multiple sources.
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%.
The Mexico Fund (NYSE: MXF) announced a distribution of $0.22 per share to stockholders of record as of July 17, 2024, payable on July 25, 2024. The distribution breakdown is as follows:
- 56.82% from Net Investment Income
- 7.64% from Net Realized Short-Term Capital Gains
- 15.54% from Net Realized Long-Term Capital Gains
- 20.00% from Return of Capital
The Fund's performance metrics include an Average Annual Total Return of 12.30% for the 5-year period ended June 30, 2024, and a Current Annualized Distribution Rate of 3.33% for the current fiscal year. The Fund's fiscal year began on November 1, 2023, with a Current Fiscal Year Cumulative Total Return of 7.10% and a Cumulative Distribution Rate of 2.21% as of June 30, 2024.
The Mexico Fund (NYSE: MXF) has released its fiscal 2024 Semi-Annual Report for the period ending April 30, 2024. The Fund's NAV per share achieved a total return of 21.62%, slightly outperforming its benchmark, the MSCI Mexico Index, which returned 21.58%. The Fund's market price saw a total return of 22.06%. Over one, five, ten, and fifteen-year periods, the Fund's NAV per share outperformed the benchmark. As of April 30, 2024, the Fund's market price was $17.99, with an NAV per share of $22.62, reflecting a 20.47% discount.
The Expense Limitation Agreement was renewed, capping the ordinary expense ratio at 1.40%, provided net assets remain over $260 million. The Fund's ordinary expense ratio was 1.34% in the first half of 2024. The Board of Directors confirmed the continuation of quarterly distributions, declaring a $0.22 per share distribution to be paid on July 25, 2024, to shareholders on record as of July 17, 2024.
The Mexico Fund (NYSE: MXF) has announced a distribution of $0.22 per share, payable on July 25, 2024, to stockholders of record as of July 17, 2024. This distribution continues the Fund's Managed Distribution Plan (MDP), which has been in place since September 2008. To date, the Fund has paid $26.60 per share in cash distributions. The distribution sources include net investment income (56.82%), short-term capital gains (7.64%), long-term capital gains (15.54%), and return of capital (20.00%). The Fund's five-year average annual total return is 15.06%, with a current annualized distribution rate of 3.38% and a cumulative total return of 20.22% for the fiscal year starting November 1, 2023. The actual tax reporting of these distributions will be detailed in Form 1099-DIV sent to stockholders.
FAQ
What is the current stock price of Mexico Fund (MXF)?
What is the market cap of Mexico Fund (MXF)?
