City of London Investment Management Company Limited amended a Schedule 13G to report beneficial ownership of 1,227,966 shares of Mexico Equity & Income Fund Inc common stock, representing 27.9% of the class. The shares are owned directly by the City of London Funds and segregated accounts over which CLIM exercises voting and investment authority.
Positive
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Negative
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Insights
Large passive stake disclosed; ownership controlled by CLIM-managed funds.
City of London Investment Management Company Limited reports beneficial ownership of 1,227,966 shares, equal to 27.9% of the outstanding common stock. The filing attributes ownership to multiple City of London Funds and segregated accounts where CLIM has voting and investment authority.
Evidence of concentrated ownership can affect liquidity and voting dynamics. Subsequent filings may show changes if underlying funds trade; timing and cash‑flow treatment are not detailed in this excerpt.
Single reporting manager with delegated authority; attribution clarified versus parent company.
The filing explains CLIM is controlled by City of London Investment Group plc but states "effective informational barriers" and independent exercise of voting and investment power, following SEC guidance. Ownership is reported in CLIM's name and tied to named funds and segregated accounts.
Key governance implication: a near‑one‑third stake by manager‑controlled funds may influence shareholder votes; further disclosures would appear in future amendments if positions change.
Key Figures
Shares beneficially owned:1,227,966 sharesPercent of class:27.9%Sole voting power:1,227,966.00+1 more
4 metrics
Shares beneficially owned1,227,966 sharesreported on Schedule 13G/A by CLIM
Percent of class27.9%percent of common stock outstanding
Sole voting power1,227,966.00shares for which CLIM has sole power to vote
Sole dispositive power1,227,966.00shares for which CLIM has sole power to dispose
"This statement is being filed by City of London Investment Management Company Limited"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficial ownershipfinancial
"Amount beneficially owned: 1,227,966.00"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
informational barrierscorporate
"effective informational barriers have been established between CLIM and CLIG"
segregated accountsfinancial
"unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting"
The filing reports 1,227,966 shares, representing 27.9% of Mexico Equity & Income Fund Inc common stock. The shares are held directly by the City of London Funds and segregated accounts managed by CLIM, as stated in the amendment.
Who is the reporting person on the Schedule 13G/A for MXE?
The reporting person is City of London Investment Management Company Limited (CLIM). CLIM states it is a fund manager exercising voting and investment authority for the City of London Funds and certain segregated accounts.
Are the shares attributed to the parent company City of London Investment Group plc?
The amendment states CLIM is controlled by City of London Investment Group plc but cites "effective informational barriers" and reports that voting and investment power are exercised by CLIM independently, so attribution to the parent is not made.
Which accounts hold the reported MXE shares?
The shares are owned directly by multiple named City of London Funds—such as BMI, CF, CG, CI, EMX, EUREKA, FREE, GBL, UNIQUE—and unaffiliated segregated accounts over which CLIM exercises discretionary authority, per the filing's list.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 7)
Mexico Equity & Income Fund Inc
(Name of Issuer)
Common Stock
(Title of Class of Securities)
592834105
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
592834105
1
Names of Reporting Persons
City of London Investment Management Company Limited
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED KINGDOM
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,227,966.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,227,966.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,227,966.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
27.9 %
12
Type of Reporting Person (See Instructions)
IA
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Mexico Equity & Income Fund Inc
(b)
Address of issuer's principal executive offices:
615 E. Michigan Street, Milwaukee, WI 53202
Item 2.
(a)
Name of person filing:
This statement is being filed by City of London Investment Management Company Limited ("CLIM" or the "Reporting Person"). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between CLIM and CLIG.
CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including Emerging (BMI) Markets Country Fund ("BMI"), a private investment fund organized as a Delaware business trust, Emerging Markets Free Fund ("CF"), a private investment fund organized as a Delaware business trust, Emerging Markets Global Fund ("CG"), a private investment fund organized as a Delaware business trust, Emerging Markets Investable Fund ("CI"), a private investment fund organized as a Delaware business trust, Emerging Markets Ex-China Equity Fund ("EMX"), a private investment fund organized as a Delaware business trust, Global Emerging Markets Fund ("EUREKA"), a private investment fund organized as a Delaware business trust, Emerging (Free) Markets Country Fund ("FREE"), a private investment fund organized as a Delaware business trust, Emerging Markets Country Fund ("GBL"), a private investment fund organized as a Delaware business trust, The EM Special Situations CEF Focused Fund ("UNIQUE"), a private investment fund organized as a Delaware business trust and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (the "Segregated Accounts").
BMI, CF, CG, CI, EMX, EUREKA, FREE, GBL and UNIQUE are collectively referred to herein as the "City of London Funds."
The Shares to which this Schedule 13G relates are owned directly by the City of London Funds and the Segregated Accounts.
(b)
Address or principal business office or, if none, residence:
77 Gracechurch Street
London EC3V 0AS
England
(c)
Citizenship:
England and Wales
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
592834105
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
1,227,966.00
(b)
Percent of class:
27.9 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
1,227,966.00
(ii) Shared power to vote or to direct the vote:
0.00
(iii) Sole power to dispose or to direct the disposition of:
1,227,966.00
(iv) Shared power to dispose or to direct the disposition of:
0.00
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
City of London Investment Management Company Limited
