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

Rhea-AI Summary

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.

Positive

• Re-election of directors suggests strong shareholder support.
• Claudia Jañez's appointment brings valuable business and legal expertise.

Negative

• None.

COLUMBIA, Maryland, March 10, 2022 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF) announced that, at its 2022 Annual Meeting of Stockholders, stockholders re-elected Messrs. Claudio X. González, Edward P. Djerejian and Alberto Osorio as Class II Directors of the Fund for a three-year term expiring in 2025.

In addition, stockholders approved the election of Ms. Claudia Jañez, to serve as a Class I Director until the expiration of the class's term in 2024. Ms. Jañez has strong business and legal experience and is expected to provide significant insights to the Fund.

The results of the Annual Meeting were as follows*:

	For	% Outstanding	% of Voted	Withheld	% Outstanding	% of Voted
Claudio X. González	11,368,331	75.76%	91.71%	1,027,337	6.85%	8.29%
Edward P. Djerejian	11,802,486	78.66%	95.21%	593,182	3.95%	4.79%
Alberto Osorio	11,731,755	78.18%	94.64%	663,913	4.42%	5.36%
Claudia Jañez	11,807,204	78.69%	95.25%	588,464	3.92%	4.75%

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

CONTACT:
Tofi Dayan
+5255-9138-3350
Email: investor-relations@ifm.com.mx

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.

 

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SOURCE The Mexico Fund, Inc.

FAQ

What were the results of Mexico Fund's Annual Meeting on March 10, 2022?

At the Annual Meeting, stockholders re-elected Claudio X. González, Edward P. Djerejian, and Alberto Osorio, and elected Claudia Jañez as a Class I Director.

Who were re-elected as directors of the Mexico Fund, Inc. for a three-year term?

Claudio X. González, Edward P. Djerejian, and Alberto Osorio were re-elected as Class II Directors.

What percentage of votes supported Claudia Jañez's election to the Mexico Fund?

Claudia Jañez received 78.69% support from outstanding shares.

Did the Mexico Fund experience any broker non-votes in the director elections?

No, there were no broker non-votes or abstentions regarding the elections.