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

Rhea-AI Summary

The Mexico Fund, Inc. (NYSE: MXF) held its 2023 Annual Meeting of Stockholders on March 10, 2023, where stockholders re-elected Jonathan Davis Arzac and Emilio Carrillo Gamboa as Class III Directors for a three-year term expiring in 2026. The voting results for Arzac showed 11,817,049 votes (96.84% of those voted), representing 78.75% of outstanding shares. Carrillo Gamboa received 11,337,886 votes (92.92% of those voted) with 75.56% of outstanding shares. There were no abstentions or broker non-votes during the election. The Fund focuses on long-term capital appreciation through investments in Mexican equities.

Positive

• Re-election of directors ensures continuity in leadership.
• High percentage of shareholder support for both directors (96.84% and 92.92%).

Negative

• None.

COLUMBIA, Maryland, March 10, 2023 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF) announced that, at its 2023 Annual Meeting of Stockholders, stockholders re-elected Messrs. Jonathan Davis Arzac and Emilio Carrillo Gamboa as Class III Directors of the Fund for a three-year term expiring in 2026.

The results of the Annual Meeting were as follows*:

	For	% Outstanding	% of Voted	Withheld	% Outstanding	% of Voted
Jonathan Davis Arzac	11,817,049	78.75 %	96.84 %	385,088	2.57 %	3.16 %
Emilio Carrillo Gamboa	11,337,886	75.56 %	92.92 %	864,252	5.76 %	7.08 %

*There were no abstentions or broker non-votes with regard to the election of the Fund's Class III 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 The Mexico Fund, Inc. 2023 Annual Meeting?

The Mexico Fund, Inc. announced that stockholders re-elected Jonathan Davis Arzac and Emilio Carrillo Gamboa as directors for a three-year term expiring in 2026.

What percentage of votes did Jonathan Davis Arzac receive at the Annual Meeting?

Jonathan Davis Arzac received 11,817,049 votes, which is 96.84% of those voted.

What percentage of votes did Emilio Carrillo Gamboa receive at the Annual Meeting?

Emilio Carrillo Gamboa received 11,337,886 votes, representing 92.92% of those voted.

When was The Mexico Fund, Inc.'s Annual Meeting held?

The Annual Meeting was held on March 10, 2023.

What is the focus of The Mexico Fund, Inc.?

The Mexico Fund, Inc. focuses on long-term capital appreciation through investments in Mexican securities.