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, Inc. (NYSE: MXF) held its 2023 Annual Meeting of Stockholders on March 10, 2023, where stockholders re-elected Jonathan Davis Arzac and Emilio Carrillo Gamboa as Class III Directors for a three-year term expiring in 2026. The voting results for Arzac showed 11,817,049 votes (96.84% of those voted), representing 78.75% of outstanding shares. Carrillo Gamboa received 11,337,886 votes (92.92% of those voted) with 75.56% of outstanding shares. There were no abstentions or broker non-votes during the election. The Fund focuses on long-term capital appreciation through investments in Mexican equities.
The Mexico Fund, Inc. (NYSE: MXF) declared a distribution of $0.20 per share for stockholders of record on April 19, 2023, payable on April 27, 2023. The Board approved the continuation of the Managed Distribution Plan (MDP) for 2023, under which the Fund has distributed $25.56 per share since its inception in September 2008. The distribution sources include net investment income, capital gains, and return of capital. For the fiscal year to date, the Fund's average annual total return was 6.79%, with a current annualized distribution rate of 2.71%.
The Mexico Fund, Inc. (NYSE: MXF) announced a cash distribution of $0.20 per share to stockholders of record as of January 18, 2023, per its Managed Distribution Plan. The distribution's source includes $0.0916 from net investment income (45.81%), $0.0208 from net realized short-term capital gains (10.41%), $0.0625 from net realized long-term capital gains (31.24%), and $0.0251 as return of capital (12.54%). The average annual total return was 4.03% over five years. The current fiscal year's cumulative total return stands at 0.51% as of December 31, 2022.
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