THE MEXICO FUND, INC. ANNOUNCES RESULTS OF ITS ANNUAL MEETING OF STOCKHOLDERS

Rhea-AI Summary

The Mexico Fund (NYSE: MXF) reported results from its 2026 Annual Meeting of Stockholders held March 13, 2026.

David M. Satterfield and Claudia Jañez were elected as Class III Directors for three-year terms expiring in 2029. Vote totals: Satterfield received 9,630,460 votes (66.79% outstanding; 82.37% of voted) with 2,061,038 withheld (14.29% outstanding; 17.63% of voted). Jañez received 9,531,312 votes (66.10% outstanding; 81.52% of voted) with 2,160,186 withheld (14.98% outstanding; 18.48% of voted).

News Market Reaction – MXF

-1.23%

-1.23% Session close to close

In the Mar 13 session, MXF declined 1.23%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement reports the outcomes of MXF’s annual meeting, confirming the election of two Class...

Analysis

This announcement reports the outcomes of MXF’s annual meeting, confirming the election of two Class III directors for terms expiring in 2029 with substantial shareholder support. It follows a period of news centered on distributions and performance metrics. Investors may focus on how board composition interacts with the fund’s managed distribution policy, historical total returns, and discount to NAV, while monitoring future disclosures on portfolio positioning and governance decisions.

Key Figures

Votes for Satterfield: 9,630,460 shares Satterfield % outstanding for: 66.79% Satterfield % voted for: 82.37% +5 more

8 metrics

Votes for Satterfield 9,630,460 shares For election as Class III Director

Satterfield % outstanding for 66.79% Shares outstanding voting FOR

Satterfield % voted for 82.37% Votes cast FOR

Votes withheld Satterfield 2,061,038 shares Withheld in director election

Votes for Jañez 9,531,312 shares For re-election as Class III Director

Jañez % outstanding for 66.10% Shares outstanding voting FOR

Jañez % voted for 81.52% Votes cast FOR

Jañez votes withheld 2,160,186 shares Withheld in director election

Historical Context

4 past events · Latest: Jan 29 (Positive)

Pattern 4 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 29	Distribution payment	Positive	+1.3%	Cash distribution of $0.35 per share under managed distribution plan.
Dec 29	Annual report	Positive	-0.8%	Strong 2025 market price and NAV total returns versus MSCI Mexico Index.
Dec 11	Distribution increase	Positive	+2.4%	Quarterly distribution raised from $0.25 to $0.35 per share.
Oct 30	Distribution payment	Positive	-0.4%	Payment of $0.25 per share distribution with detailed composition.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Recent news around distributions and performance often saw modest price moves, with roughly equal instances of positive and negative reactions.

Recent Company History

Over the past several months, MXF updates have focused on distributions and performance. The fund reported cash distributions of $0.25–$0.35 per share under its managed distribution plan, with detailed breakdowns between income, gains and return of capital. The 2025 annual report highlighted strong total returns and a narrowing discount to NAV, alongside an expense cap of 1.40%. These events show an emphasis on shareholder distributions and performance transparency, while today’s announcement centers on director elections and corporate governance continuity.

Key Terms

class iii director, broker non-votes

2 terms

class iii director regulatory

"re-elected Ms. Claudia Jañez as a Class III Director, previously a Class I Director"

A Class III director is a board member placed in one of the numbered groups used by companies with a staggered (or “classified”) board; that director’s seat typically comes up for election in the third year of a three-year rotation. For investors this matters because staggered terms create continuity but also make it harder to replace the whole board quickly, affecting shareholder influence, takeover dynamics and how fast new strategy or accountability can be implemented — like replacing only some players on a sports team each season instead of the whole roster at once.

broker non-votes regulatory

"There were no abstentions or broker non-votes with regard to the election"

Broker non-votes occur when a brokerage firm is unable to vote on a shareholder’s behalf during a company election or decision because the shareholder has not given specific voting instructions, and the broker is not allowed or chooses not to vote on certain matters. They are important because they can affect the outcome of votes, especially when the results are close, by effectively reducing the total number of votes cast.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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COLUMBIA, Md., March 13, 2026 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF) announced that at its 2026 Annual Meeting of Stockholders, stockholders re-elected Ms. Claudia Jañez as a Class III Director, previously a Class I Director, and elected David M. Satterfield as a Class III Director, both serving for a three-year term expiring in 2029.

The results of the Annual Meeting were as follows*:

	For	% Outstanding	% of Voted	Withheld	% Outstanding	% of Voted
David M. Satterfield	9,630,460	66.79 %	82.37 %	2,061,038	14.29 %	17.63 %
Claudia Jañez	9,531,312	66.10 %	81.52 %	2,160,186	14.98 %	18.48 %

*There were no abstentions or broker non-votes with regard to the election of the Fund's Class III Directors. 

CONTACT:

Tofi Dayan          The Mexico Fund, Inc.
+5255-9138-3350
Email: investor-relations@themexicofund.com

Patricia Baronowski        Pristine Advisers, LLC
+1-631-756-2486
Email: pbaronowski@pristineadvisers.com

About The Mexico Fund, Inc. 

The Mexico Fund, Inc. is a non-diversified closed-end management investment company with the investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The Fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.

This release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Fund's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Fund's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Fund undertakes no obligation to release publicly any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by The Mexico Fund or any other person that the events or circumstances described in such statement are material.

View original content:https://www.prnewswire.com/news-releases/the-mexico-fund-inc-announces-results-of-its-annual-meeting-of-stockholders-302712675.html

SOURCE The Mexico Fund, Inc.

FAQ

Who won the director elections at The Mexico Fund (MXF) 2026 Annual Meeting?

David M. Satterfield and Claudia Jañez won the Class III director elections at the March 13, 2026 meeting. According to The Mexico Fund, both were elected to three-year terms expiring in 2029, reflecting shareholder approval by the reported vote counts and percentages.

What were the vote counts and percentages for David M. Satterfield in MXF's 2026 election?

David M. Satterfield received 9,630,460 votes and 66.79% of outstanding shares. According to The Mexico Fund, that equates to 82.37% of votes cast, with 2,061,038 shares withheld (17.63% of votes cast).

How did Claudia Jañez perform in the MXF 2026 director vote and when does her term end?

Claudia Jañez received 9,531,312 votes, representing 66.10% of outstanding shares. According to The Mexico Fund, she was elected as Class III director for a term expiring in 2029, with 2,160,186 shares withheld (18.48% of votes cast).

Are there any abstentions or broker non-votes reported for MXF's 2026 director elections?

There were no abstentions or broker non-votes reported for the Class III director elections. According to The Mexico Fund, the vote results for both directors reflect only votes cast and withheld, with no broker non-votes or abstentions recorded.

When do the terms for the newly elected MXF directors expire and what is the term length?

Both newly elected directors serve three-year terms expiring in 2029. According to The Mexico Fund, David M. Satterfield and Claudia Jañez were elected March 13, 2026 as Class III directors with terms running through 2029.