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THE MEXICO FUND, INC. DECLARES DISTRIBUTION

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The Mexico Fund (NYSE: MXF) has declared a distribution of $0.22 per share to stockholders of record on January 22, 2025, payable on January 30, 2025. The Board approved continuing the Fund's Managed Distribution Plan (MDP) for 2025. The distribution breakdown includes: 45.52% from net investment income, 4.41% from short-term capital gains, 13.93% from long-term capital gains, and 36.14% as return of capital.

Since implementing the MDP in September 2008, the Fund has distributed $27.04 per share. The Fund's 5-year average annual total return through November 30, 2024, was 6.99%, with a current fiscal year cumulative total return of 0.45% from November 1, 2024, through November 30, 2024.

Il Mexico Fund (NYSE: MXF) ha dichiarato una distribuzione di $0.22 per azione agli azionisti registrati il 22 gennaio 2025, con pagamento previsto per il 30 gennaio 2025. Il Consiglio ha approvato la continuazione del Piano di Distribuzione Gestita (MDP) del Fondo per il 2025. La ripartizione della distribuzione include: 45.52% da reddito netto da investimenti, 4.41% da guadagni di capitale a breve termine, 13.93% da guadagni di capitale a lungo termine e 36.14% come rimborso di capitale.

Da quando è stato implementato il MDP nel settembre 2008, il Fondo ha distribuito $27.04 per azione. Il ritorno totale medio annuale su 5 anni del Fondo fino al 30 novembre 2024 è stato del 6.99%, con un ritorno totale cumulativo nell'attuale anno fiscale dello 0.45% dal 1 novembre 2024 al 30 novembre 2024.

El Mexico Fund (NYSE: MXF) ha declarado una distribución de $0.22 por acción a los accionistas registrados el 22 de enero de 2025, pagadera el 30 de enero de 2025. La Junta aprobó la continuación del Plan de Distribución Administrada (MDP) del Fondo para 2025. La desglose de la distribución incluye: 45.52% de ingresos netos por inversiones, 4.41% de ganancias de capital a corto plazo, 13.93% de ganancias de capital a largo plazo, y 36.14% como retorno de capital.

Desde la implementación del MDP en septiembre de 2008, el Fondo ha distribuido $27.04 por acción. El rendimiento total promedio anual del Fondo durante los últimos 5 años hasta el 30 de noviembre de 2024 fue del 6.99%, con un rendimiento total acumulado del año fiscal actual del 0.45% desde el 1 de noviembre de 2024 hasta el 30 de noviembre de 2024.

멕시코 펀드 (NYSE: MXF)는 2025년 1월 22일 기준 주주에게 주당 $0.22의 배당금을 선언하였으며, 2025년 1월 30일에 지급될 예정입니다. 이사회는 2025년을 위한 펀드의 관리 배당 계획(MDP)을 계속 시행하기로 승인하였습니다. 배당금의 내역은 다음과 같습니다: 45.52%는 순 투자 수익, 4.41%는 단기 자본 이익, 13.93%는 장기 자본 이익, 36.14%는 자본 환급입니다.

2008년 9월 MDP를 시행한 이후로, 펀드는 주당 $27.04를 분배하였습니다. 2024년 11월 30일까지의 5년 평균 연간 총 수익률은 6.99%였으며, 2024년 11월 1일부터 2024년 11월 30일까지의 현재 회계연도 누적 총 수익률은 0.45%입니다.

Le Mexico Fund (NYSE: MXF) a déclaré une distribution de 0,22 $ par action aux actionnaires enregistrés le 22 janvier 2025, payable le 30 janvier 2025. Le conseil d'administration a approuvé la poursuite du Plan de Distribution Géré (MDP) du Fonds pour 2025. La répartition de la distribution comprend : 45,52 % de revenus nets d'investissement, 4,41 % de gains en capital à court terme, 13,93 % de gains en capital à long terme et 36,14 % comme remboursement de capital.

Depuis la mise en œuvre du MDP en septembre 2008, le Fonds a distribué 27,04 $ par action. Le rendement total moyen annuel du Fonds sur 5 ans jusqu'au 30 novembre 2024 était de 6,99 %, avec un rendement total cumulé pour l'exercice en cours de 0,45 % du 1er novembre 2024 au 30 novembre 2024.

Der Mexico Fund (NYSE: MXF) hat eine Ausschüttung von 0,22 $ pro Aktie an die zum 22. Januar 2025 eingetragenen Aktionäre erklärt, die am 30. Januar 2025 zahlbar ist. Der Vorstand genehmigte die Fortsetzung des verwalteten Ausschüttungsplans (MDP) des Fonds für 2025. Die Verteilung besteht aus: 45,52% aus Nettoanlageerträgen, 4,41% aus kurzfristigen Kapitalgewinnen, 13,93% aus langfristigen Kapitalgewinnen und 36,14% als Rückzahlung des Kapitals.

Seit der Einführung des MDP im September 2008 hat der Fonds 27,04 $ pro Aktie ausgeschüttet. Die durchschnittliche jährliche Gesamtrendite des Fonds über 5 Jahre bis zum 30. November 2024 betrug 6,99%, mit einer kumulierten Gesamtrendite von 0,45% im laufenden Geschäftsjahr vom 1. November 2024 bis zum 30. November 2024.

Positive
  • Maintaining consistent dividend distribution of $0.22 per share
  • Strong 5-year average annual total return of 6.99%
  • 63.86% of distribution comes from actual earnings (investment income and capital gains)
Negative
  • 36.14% of distribution represents return of capital, indicating earnings don't fully cover the dividend
  • Low current fiscal year cumulative total return of 0.45%

Insights

The Mexico Fund's latest distribution announcement of $0.22 per share represents a mix of income sources, with 45.52% coming from net investment income and 18.34% from capital gains. The substantial 36.14% return of capital component warrants attention, as it suggests the fund is partially returning investors' principal. The fund's 5-year average annual total return of 6.99% and current fiscal year return of 0.45% indicate modest performance. The continuation of the Managed Distribution Plan (MDP) into 2025 provides predictable income streams, though investors should note the relatively high return of capital portion in the current distribution. Since 2008, the fund has distributed $27.04 per share, demonstrating a consistent income-focused approach.

The distribution's composition reveals important insights about the fund's income generation capabilities. With less than half coming from net investment income and a significant return of capital component, this suggests potential challenges in generating sufficient organic returns to fully support the distribution level. The YTD performance of 0.45% is relatively modest and investors should carefully monitor whether future distributions maintain similar source compositions. The continuation of the MDP provides distribution stability but may not be sustainable if the return of capital portion remains elevated. This could potentially impact the fund's long-term NAV if investment performance doesn't improve.

COLUMBIA, Md., Dec. 13, 2024 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), announced that the Board of Directors (Board) declared a distribution of $0.22 per share to stockholders of record on January 22, 2025, which is payable in cash on January 30, 2025.

The Board has approved the continuation of the Fund's MDP during 2025. The Board may amend or terminate the MDP at any time without prior notice to stockholders. Since the implementation of the MDP in September 2008, the Fund has paid a total of $27.04 per share in cash distributions to stockholders.

The amount of distributable income for each fiscal period depends on the aggregate gains and losses realized by the Fund during the entire year. Distributions may consist of net investment income, capital gains and return of capital, but the character of these distributions cannot be determined until after the end of the Fund's fiscal year. However, under the Investment Company Act of 1940, the Fund is required to indicate the source of each distribution to stockholders. The following table sets forth (A) an estimate of the source of the January 2025 distribution and (B) an estimate of the source of distributions for the current fiscal year:

Distribution Estimates

January 2025

Fiscal Year-to-date ( YTD)1

Source

Per Share Amount

Percent of Current Distribution

Per Share Amount

Percent of Fiscal Year Distributions

Net Investment Income

$0.1002

45.52 %

$0.1002

45.52 %

Net Realized Short-Term Capital Gains

$0.0097

4.41 %

$0.0097

4.41 %

Net Realized Long-Term Capital Gains

$0.0306

13.93 %

$0.0306

13.93 %

Return of Capital

$0.0795

36.14 %

$0.0795

36.14 %

Total Distribution

$0.2200

100.00 %

$0.2200

100.00 %

 

Information regarding the Fund's performance and distribution rates is set forth below:

Average Annual Total Return for the 5-year period ended on November 30, 20242

6.99 %

Current Annualized Distribution Rate (current fiscal year)3

-

Current Fiscal Year Cumulative Total Return4

0.45 %

Cumulative Distribution Rate (current fiscal year)5

-

1 The Fund's current fiscal year began on November 1, 2024.

2 Average Annual Total Return represents the simple arithmetic average of the Annual NAV Total Returns of the Fund for the last five years. Annual NAV Total Return is the percentage change in the Fund's NAV over a year including distributions paid and assuming reinvestment of those distributions.

3 The Current Annualized Distribution Rate is the Cumulative Distribution Rate as of November 30, 2024, annualized as a percentage of the Fund's NAV at the same date. As of the date of this press release, this rate is zero because the $0.2200 distribution has not been paid yet.

4 Current Fiscal Year Cumulative Total Return is the percentage change in the Fund's NAV from November 1, 2024, through November 30, 2024, including distributions paid and assuming reinvestment of those distributions.

5 Cumulative Distribution Rate for the Fund's current fiscal period (November 1, 2024, through November 30, 2024) measured on the dollar value of distributions in the period as a percentage of the Fund's NAV as of November 30, 2024. As of the date of this press release, this rate is zero because the $0.2200 distribution has not been paid yet.

You should not draw any conclusions about the Fund's investment performance from the amount of this distribution or from the terms of the Fund's MDP.

The amounts and sources of distributions reported above are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for accounting and tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. The Fund will send you a Form 1099-DIV for the calendar year that will tell you how to report the distribution for federal income tax purposes.

CONTACT:
Tofi Dayan
+5255-9138-3350
Email: investor-relations@themexicofund.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.

 

Cision View original content:https://www.prnewswire.com/news-releases/the-mexico-fund-inc-declares-distribution-302329535.html

SOURCE The Mexico Fund, Inc.

FAQ

What is the amount and payment date of MXF's latest dividend distribution?

The Mexico Fund (MXF) declared a distribution of $0.22 per share, payable on January 30, 2025, to stockholders of record on January 22, 2025.

How much has MXF distributed in total since starting its Managed Distribution Plan?

Since implementing the Managed Distribution Plan (MDP) in September 2008, The Mexico Fund has paid a total of $27.04 per share in cash distributions to stockholders.

What is the source breakdown of MXF's January 2025 distribution?

The January 2025 distribution consists of 45.52% net investment income, 4.41% short-term capital gains, 13.93% long-term capital gains, and 36.14% return of capital.

What is MXF's 5-year average annual total return as of November 2024?

The Mexico Fund's average annual total return for the 5-year period ended November 30, 2024, was 6.99%.

What is MXF's current fiscal year cumulative total return?

The Mexico Fund's current fiscal year cumulative total return from November 1, 2024, through November 30, 2024, is 0.45%.

MEXICO FUND

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