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. (NYSE: MXF) is a non-diversified, closed-end management investment company that focuses on long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The MXF news page on Stock Titan aggregates company announcements, regulatory disclosures, and other updates that reflect how the fund manages its portfolio and communicates with shareholders.
News about The Mexico Fund frequently covers its Managed Distribution Plan (MDP), including declarations and payments of quarterly cash distributions. These releases detail per-share distribution amounts, record and payment dates, and estimates of the sources of each distribution among net investment income, net realized short-term capital gains, net realized long-term capital gains, and return of capital. They also provide context on performance measures such as average annual total return and distribution rates, along with cautions on how to interpret those figures.
Another key category of MXF news consists of performance and reporting updates, such as semi-annual and annual report announcements. These communications typically discuss net asset value (NAV) and market price total returns over various time periods, comparisons with the MSCI Mexico Index benchmark, and information about the discount between market price and NAV. They may also describe changes in the quarterly distribution level and renewals of the fund’s Expense Limitation Agreement.
Investors can also find news items related to shareholder and governance matters, including statements responding to significant shareholder filings and commentary on topics such as NAV performance, trading discount management, and quarterly cash distributions. For ongoing insight into MXF’s distributions, performance reporting, and governance-related communications, this news feed offers a consolidated view of the fund’s public disclosures.
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.
The Mexico Fund, Inc. (NYSE: MXF) released its fiscal 2022 Annual Report, revealing a 5.55% total return on NAV per share, while its market price experienced a -0.79% return compared to a 5.87% increase in the MSCI Mexico Index. As of October 31, 2022, the Fund's market price was $14.14 with a NAV of $17.62, marking a 19.75% discount. The Fund renewed its Expense Limitation Agreement with a 1.40% cap on ordinary expenses. A distribution of $0.20 per share is scheduled for January 26, 2023.
The Mexico Fund, Inc. (NYSE: MXF) announced an increase in its quarterly distribution from $0.18 to $0.20 per share, an 11.1% rise. This new distribution represents a 5.1% annualized rate based on market price as of November 30, 2022. The distribution, approved by the Board, is for stockholders of record on January 18, 2023, and will be payable on January 26, 2023. Since the implementation of its Managed Distribution Plan (MDP) in September 2008, the Fund has distributed $25.36 per share. The Fund's performance includes a 5.49% average annual return over five years.
The Mexico Fund, Inc. (NYSE: MXF) has renewed its Expense Limitation Agreement (ELA) with Impulsora del Fondo México, S.C. The renewed ELA will maintain a 1.40% ordinary expense ratio for fiscal year 2023, effective from November 1, 2022, to October 31, 2023, provided Fund net assets stay above $260 million. If assets dip below this threshold, Impulsora will ensure a 1.20% ratio in addition to waiving $520,000 in fixed expenses. This agreement aims to support the Fund's long-term performance and benefit stockholders.
The Mexico Fund, Inc. (NYSE: MXF) has declared a cash distribution of $0.18 per share to stockholders, effective October 27, 2022. This payment is based on the Fund's Managed Distribution Plan (MDP) and is distributed to those on record as of October 19, 2022. The distribution will derive from net investment income, net realized short-term, and long-term capital gains. Notably, the Fund's average annual total return for the 5-year period ending September 30, 2022, was 1.51%, while the current annualized distribution rate stands at 3.76%.
The Mexico Fund, Inc. (NYSE: MXF) declared a cash distribution of $0.18 per share for stockholders of record on October 19, 2022, payable on October 27, 2022. The Fund's Managed Distribution Plan (MDP) continues, having distributed a total of $25.18 per share since its inception in September 2008.
Distribution sources for October 2022 include net investment income ($0.1297, 72.06%) and realized capital gains. The Fund's current annualized distribution rate is 3.76%, with a cumulative total return of (6.99)% for the fiscal year.
The Mexico Fund, Inc. (NYSE: MXF) has declared a cash distribution of $0.18 per share on July 28, 2022, payable to shareholders of record as of July 20, 2022. This payment adheres to the Fund’s Managed Distribution Plan. The distribution includes $0.1035 from net investment income (57.5%), $0.0500 from net realized long-term capital gains (27.78%), and $0.0098 as a return of capital (5.44%). For the current fiscal year, the cumulative total return is at (1.15)%, with an average annual total return of 3.67% for the past 5 years.
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