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) reported its fiscal 2021 Annual Report, highlighting a remarkable recovery with a total return of 40.26% for NAV per share and 46.07% for market price. Although the NAV underperformed against its benchmark, it outperformed over 3, 5, and 10 years. As of October 31, 2021, market price was $14.97 and NAV was $17.40, reflecting a 13.97% discount. The Fund's Managed Distribution Plan was reinstated, with dividends of $0.36 per share in fiscal 2021, and a new $0.18 distribution declared for January 2022.
The Mexico Fund, Inc. (NYSE: MXF) has declared a cash distribution of $0.18 per share for stockholders of record on January 20, 2022, payable on January 27, 2022. The Fund's Distribution Policy (MDP) will continue in 2022, allowing the Board to amend or terminate it without prior notice. Since September 2008, the Fund has distributed a total of $24.64 per share. The January 2022 distribution consists of $0.0626 from net investment income and $0.1174 as a return of capital, highlighting a shift away from capital gains.
The Mexico Fund, Inc. (NYSE: MXF) announced a cash distribution of $0.18 per share to stockholders of record as of October 21, 2021. This distribution is part of the Fund's Managed Distribution Plan and includes $0.1129 from net investment income, $0.0350 from net realized short-term capital gains, and $0.0321 from return of capital. For fiscal year-to-date, the cumulative total return is 37.82% with a current annualized distribution rate of 1.14%. The Fund focuses on long-term capital appreciation through investments in Mexican securities.
The Mexico Fund, Inc. (NYSE: MXF) declared a cash distribution of $0.18 per share for stockholders of record on October 21, 2021, payable on October 28, 2021. The Fund has paid a total of $24.46 per share since initiating its Managed Distribution Policy (MDP) in September 2008. The distribution sources for October 2021 include $0.1023 from net investment income and $0.0777 from return of capital. The Fund's current annualized distribution rate stands at 1.16%, with a cumulative total return of 48.52% for the current fiscal year.
The Mexico Fund, Inc. (NYSE: MXF) announced a cash distribution of $0.18 per share to stockholders on record as of July 22, 2021. This distribution comprises $0.1229 from net investment income (68.28%) and $0.0571 as a return of capital (31.72%). The fund's current fiscal year began on November 1, 2020, with a cumulative total return of 40.21% up to June 30, 2021. The distribution's character will be finalized at the end of the fiscal year, and stockholders can expect a tax reporting Form 1099-DIV for accurate reporting.
The Mexico Fund, Inc. (NYSE: MXF) released its semi-annual report for fiscal 2021, indicating a strong recovery in net asset value (NAV) and market price. The fund achieved a total return of 32.70% in NAV per share and 38.61% in market price, slightly underperforming the MSCI Mexico Index at 36.10%. Notably, the fund has outperformed its benchmark over the long term. The board reinstated its Managed Distribution Plan with a declared distribution of $0.18 per share for July 2021. The fund's ordinary expense ratio stood at 1.46%, below the 1.50% limit.
The Mexico Fund, Inc. (NYSE: MXF) has reinstated its Managed Distribution Plan (MDP) after a recovery in net assets since November 2020. The MDP, temporarily suspended due to the pandemic's impact, will provide quarterly cash distributions. A cash distribution of $0.18 per share has been declared for stockholders of record on July 22, 2021, equating to an annualized distribution rate of 4.7%. Since its MDP initiation in 2008, the Fund has paid $24.28 per share in distributions. The Board maintains the right to amend or terminate the MDP at any time.
The Mexico Fund, Inc. (MXF) announced its fiscal 2020 annual report, highlighting a NAV per share return of -14.68%, outperforming the MSCI Mexico Index, which returned -20.75%. As of October 31, 2020, the Fund's market price was $10.49, and NAV was $12.66, reflecting a discount increase from 12.63% to 17.14%. The Fund reinforced an Expense Limitation Agreement, maintaining an expense ratio cap of 1.50% for fiscal 2021 with a reduced net asset threshold of $180 million. The Fund's management implemented safety measures during the pandemic while evaluating the market conditions continuously.
The Mexico Fund, Inc. (NYSE: MXF) has enhanced its Expense Limitation Agreement with Impulsora del Fondo México to bolster the long-term performance of the Fund. The agreement ensures that the ordinary annual expense ratio does not exceed 1.50%, with a new lower threshold for net assets of $180 million. Effective November 1, 2020, the minimum payment under the Fund Services Agreement will decrease by 18%. As of October 31, 2020, the Fund's performance has outperformed the MSCI Mexico Index, with a 1-Year NAV decline of only -14.68% compared to -20.75% for the index.