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, 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.
The Mexico Fund, Inc. (NYSE: MXF) released its fiscal 2022 Semi-Annual Report for the period ended April 30, 2022. The Fund achieved a total return of 2.95% for NAV per share and 3.04% for market price, outperforming the MSCI Mexico Index, which gained 2.84%. As of April 30, the Fund's market price and NAV were $15.06 and $17.57, respectively, reflecting a 14.29% discount. The Fund's expense ratio was 1.38%, below the new cap of 1.40%. Quarterly distributions of $0.18 per share were declared for July 28, 2022.
The Mexico Fund, Inc. (NYSE: MXF) declared a cash distribution of $0.18 per share for stockholders on record as of July 20, 2022, payable on July 28, 2022. This marks a continuation of the Fund's Managed Distribution Policy (MDP), which has paid out a total of $25.00 per share since September 2008. The distribution sources for July 2022 include $0.1035 from net investment income and $0.0500 from net realized long-term capital gains. The current annualized distribution rate is 3.34% with a cumulative total return of 8.87% for the fiscal year.
The Mexico Fund, Inc. (NYSE: MXF) announced a cash distribution of $0.18 per share to stockholders of record as of April 20, 2022, as part of its Managed Distribution Plan. The distribution consists of $0.0626 (34.78%) from net investment income and $0.1174 (65.22%) as a return of capital. The Fund reports an average annual total return of 10.94% over the past five years and a current annualized distribution rate of 2.22%. The current fiscal year began on November 1, 2021.
The Mexico Fund, Inc. (NYSE: MXF) announced a cash distribution of $0.18 per share for stockholders of record on April 20, 2022, payable on April 28, 2022. The Board confirmed the continuation of the Fund's Managed Distribution Policy (MDP) for 2022. Since its inception in September 2008, the Fund has disbursed a total of $24.82 per share. The source of the upcoming distribution includes $0.0626 from net investment income and $0.1174 as a return of capital, totaling 100% of the distribution. Current annualized distribution rate stands at 3.04%.
The Mexico Fund, Inc. (NYSE: MXF) announced the results of its 2022 Annual Meeting of Stockholders. Stockholders re-elected Claudio X. González, Edward P. Djerejian, and Alberto Osorio for a three-year term, expiring in 2025. Claudia Jañez was elected as a Class I Director until 2024. The voting results showed significant support for all nominees, with González receiving 75.76% and Jañez 78.69% of outstanding shares in favor. Notably, there were no abstentions or broker non-votes for these elections.
The Mexico Fund, Inc. (NYSE: MXF) announced a cash distribution of $0.18 per share for stockholders of record as of January 20, 2022. This distribution comes under the Fund's Managed Distribution Plan and is comprised of $0.0626 from net investment income and $0.1174 as a return of capital. The total distribution represents 100% of the amount paid. For the fiscal year-to-date, the Fund reported a cumulative total return of 5.46% and a 5-year average annual total return of 7.06%.