Welcome to our dedicated page for Mexico Equity & Income news (Ticker: MXE), a resource for investors and traders seeking the latest updates and insights on Mexico Equity & Income stock.
The Mexico Equity and Income Fund, Inc. (MXE) provides investors with focused exposure to Mexican equities through its non-diversified portfolio strategy. This page serves as your centralized source for official updates and market-relevant developments related to the fund.
Access timely information on MXE's portfolio adjustments, dividend announcements, and strategic initiatives in the Mexican market. Our news collection supports informed analysis of the fund's performance and market positioning.
Key updates include earnings reports, investment strategy insights, and regulatory filings. All content maintains strict adherence to factual reporting standards, ensuring reliability for both active traders and long-term investors.
Bookmark this page for direct access to MXE's latest developments. Combine these updates with your financial research to stay ahead in tracking this closed-end fund's progress toward its capital appreciation goals.
The Mexico Equity and Income Fund (NYSE: MXE) has declared a year-end cash dividend of $0.2981 per share on its common stock. The dividend consists entirely of ordinary income and will be payable on December 31, 2024 to stockholders of record as of December 23, 2024.
The Mexico Equity and Income Fund, Inc. (NYSE: MXE) announced a change of Transfer Agent effective February 6, 2023. American Stock Transfer & Trust Company, LLC will now handle all transactions for the Fund. Importantly, all account balances will remain unchanged. This transition is part of the Fund's ongoing management efforts to ensure efficient operation and service continuity for its shareholders.
The Mexico Equity and Income Fund, Inc. (NYSE: MXE) announced the expiration of its non-transferable rights offering for additional shares on October 8, 2021. The Subscription Price was set at $8.90, with the Estimated Subscription Price at $11.13. All subscription requests by Rights Holders will be fulfilled, and refunds will be issued for excess amounts. A total of 2,613,746 shares will be issued to subscribing Rights Holders. This offering allows for increased equity participation, enhancing the Fund’s capital base.
The Mexico Equity and Income Fund (NYSE: MXE) has announced an extension of its non-transferable rights offering expiration date to October 8, 2021, from the prior October 1, 2021 deadline. Rights Holders can manage any excess payment resulting from the Estimated Subscription Price exceeding the Subscription Price by indicating preferences on the Subscription Certificate. Additionally, a conflict in investment limitations was noted in the Fund's SEC filings, clarifying the limitation applies to 15% of total assets, not net assets.
The Mexico Equity and Income Fund (NYSE: MXE) has announced a non-transferable rights offering approved by its Board of Directors. Stockholders of record as of August 27, 2021, will receive rights to purchase up to 1,786,463 additional shares. Each right allows the purchase of one new share, and holders can subscribe for unsubscribed shares as per the prospectus. The subscription price will be set at 92.5% of the volume weighted average market price three days after the offering expires on October 1, 2021.
