THE MEXICO FUND, INC. DECLARES DISTRIBUTION
The Mexico Fund, Inc. (NYSE: MXF) has announced a cash distribution of $0.22 per share to stockholders of record on October 22, 2024, payable on October 30, 2024. The Board has approved the continuation of the Fund's Managed Distribution Plan (MDP) for 2024. Since the MDP's implementation in 2008, the Fund has paid $26.82 per share in total cash distributions.
The distribution's estimated sources are: 42.53% from net investment income, 47.13% from capital gains, and 10.34% from return of capital. The Fund's 5-year average annual total return as of August 31, 2024, is 12.56%, with a current annualized distribution rate of 4.28% for the fiscal year. The Fund's fiscal year-to-date cumulative total return is 0.45%, with a cumulative distribution rate of 3.57%.
Il Mexico Fund, Inc. (NYSE: MXF) ha annunciato una distribuzione in contante di $0,22 per azione agli azionisti registrati il 22 ottobre 2024, pagabile il 30 ottobre 2024. Il Consiglio ha approvato la continuazione del Piano di Distribuzione Gestita (MDP) del Fondo per il 2024. Dall'implementazione del MDP nel 2008, il Fondo ha pagato $26,82 per azione in totale di distribuzioni in contante.
Le fonti stimate della distribuzione sono: 42,53% da reddito netto da investimenti, 47,13% da guadagni di capitale e 10,34% da ritorno di capitale. Il rendimento totale medio annuale del Fondo negli ultimi 5 anni, al 31 agosto 2024, è 12,56%, con un attuale tasso di distribuzione annualizzato del 4,28% per l'anno fiscale. Il rendimento totale cumulativo del Fondo dall'inizio dell'anno fiscale è 0,45%, con un tasso di distribuzione cumulativa del 3,57%.
El Mexico Fund, Inc. (NYSE: MXF) ha anunciado una distribución en efectivo de $0.22 por acción para los accionistas registrados el 22 de octubre de 2024, pagadera el 30 de octubre de 2024. La Junta ha aprobado la continuación del Plan de Distribución Administrada (MDP) del Fondo para 2024. Desde la implementación del MDP en 2008, el Fondo ha pagado $26.82 por acción en distribuciones de efectivo totales.
Las fuentes estimadas de la distribución son: 42.53% de ingresos netos por inversiones, 47.13% de ganancias de capital y 10.34% de retorno de capital. El rendimiento total promedio anual del Fondo durante los últimos 5 años, hasta el 31 de agosto de 2024, es 12.56%, con una tasa de distribución anualizada actual del 4.28% para el año fiscal. El rendimiento total acumulado del Fondo en lo que va del año fiscal es 0.45%, con una tasa de distribución acumulativa del 3.57%.
멕시코 펀드 주식회사 (NYSE: MXF)는 2024년 10월 22일에 기록된 주주에게 주당 $0.22의 현금 분배를 발표했으며, 이는 2024년 10월 30일에 지급됩니다. 이사회는 2024년 펀드의 관리 분배 계획 (MDP)의 지속을 승인했습니다. 2008년 MDP 시행 이후, 펀드는 총 주당 $26.82의 현금 분배를 지급했습니다.
이번 분배의 추정 출처는: 순 투자 소득의 42.53%, 자본 이익의 47.13%, 자본 회수의 10.34%입니다. 2024년 8월 31일 기준, 펀드의 5년 평균 연간 총 수익률은 12.56%이며, 현재 회계 연도의 연환산 분배율은 4.28%입니다. 회계 연도 시작부터 현재까지 누적 총 수익률은 0.45%이며, 누적 분배율은 3.57%입니다.
Le Mexico Fund, Inc. (NYSE: MXF) a annoncé une distribution en espèces de 0,22 $ par action pour les actionnaires inscrits au 22 octobre 2024, payable le 30 octobre 2024. Le Conseil a approuvé la poursuite du Plan de Distribution Géré (MDP) du Fonds pour 2024. Depuis la mise en œuvre du MDP en 2008, le Fonds a versé un total de 26,82 $ par action en distributions en espèces.
Les sources estimées de la distribution sont : 42,53 % de revenus nets d'investissement, 47,13 % de plus-values et 10,34 % de retour de capital. Le rendement total moyen annuel du Fonds sur 5 ans au 31 août 2024 est de 12,56 %, avec un taux de distribution annualisé actuel de 4,28 % pour l'exercice. Le rendement total cumulatif du Fonds depuis le début de l'exercice est de 0,45 %, avec un taux de distribution cumulatif de 3,57 %.
Der Mexico Fund, Inc. (NYSE: MXF) hat eine Barausschüttung von 0,22 $ pro Aktie an die am 22. Oktober 2024 registrierten Aktionäre angekündigt, die am 30. Oktober 2024 zahlbar ist. Der Vorstand hat die Fortsetzung des Managed Distribution Plan (MDP) des Fonds für 2024 genehmigt. Seit der Einführung des MDP im Jahr 2008 hat der Fonds insgesamt 26,82 $ pro Aktie an Barausschüttungen gezahlt.
Die geschätzten Quellen der Ausschüttung sind: 42,53 % aus netto Investmenterträgen, 47,13 % aus Kapitalgewinnen und 10,34 % aus Kapitalrückzahlungen. Die durchschnittliche jährliche Gesamtverzinsung des Fonds über 5 Jahre bis zum 31. August 2024 beträgt 12,56 %, bei einem aktuellen annualisierten Ausschüttungszinssatz von 4,28 % für das Haushaltsjahr. Die kumulierte Gesamtrendite des Fonds seit Beginn des Haushaltsjahres beträgt 0,45 %, bei einer kumulierten Ausschüttungsquote von 3,57 %.
- Cash distribution of $0.22 per share announced
- Continuation of Managed Distribution Plan (MDP) for 2024
- 5-year average annual total return of 12.56%
- Current annualized distribution rate of 4.28%
- 10.34% of distribution comes from return of capital
- Fiscal year-to-date cumulative total return is only 0.45%
Insights
The Mexico Fund's announcement of a
The Mexico Fund's distribution strategy reflects broader trends in closed-end funds focusing on emerging markets. The mix of income sources -
The Fund's distribution breakdown is important for tax planning. The
The Board has approved the continuation of the Fund's MDP during 2024. 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
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 October 2024 distribution and (B) an estimate of the source of distributions for the current fiscal year:
Distribution Estimates | October 2024 | 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 | 42.53 % | 42.53 % | ||
Net Realized Short-Term Capital Gains | 6.03 % | 6.03 % | ||
Net Realized Long-Term Capital Gains | 41.10 % | 41.10 % | ||
Return of Capital | 10.34 % | 10.34 % | ||
Total Distribution | 100.00 % | 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 August 31, 20242 | 12.56 % |
Current Annualized Distribution Rate (current fiscal year)3 | 4.28 % |
Current Fiscal Year Cumulative Total Return4 | 0.45 % |
Cumulative Distribution Rate (current fiscal year)5 | 3.57 % |
[1] The Fund's current fiscal year began on November 1, 2023.
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 August 31, 2024, annualized as a percentage of the Fund's NAV at the same date.
4 Current Fiscal Year Cumulative Total Return is the percentage change in the Fund's NAV from November 1, 2023, through August 31, 2024, including distributions paid and assuming reinvestment of those distributions.
5 Cumulative Distribution Rate for the Fund's current fiscal period (November 1, 2023, through August 31, 2024) measured on the dollar value of distributions in the period as a percentage of the Fund's NAV as of August 31, 2024.
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.
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SOURCE THE MEXICO FUND INC
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