THE MEXICO FUND, INC. PAYS DISTRIBUTION
The Mexico Fund (NYSE: MXF) announced a cash distribution of $0.22 per share to stockholders of record as of October 22, 2024. The distribution breakdown includes: 44.07% from net investment income, 6.03% from short-term capital gains, 40.90% from long-term capital gains, and 9.00% from return of capital. The fund reported a 5-year average annual total return of 10.98%, current annualized distribution rate of 3.82%, and fiscal year cumulative total return of 2.46%.
Il Mexico Fund (NYSE: MXF) ha annunciato una distribuzione in contante di $0.22 per azione agli azionisti registrati al 22 ottobre 2024. La ripartizione della distribuzione include: 44.07% da reddito netto da investimenti, 6.03% da guadagni di capitale a breve termine, 40.90% da guadagni di capitale a lungo termine e 9.00% da restituzione di capitale. Il fondo ha riportato un rendimento totale annuale medio di 10.98% negli ultimi 5 anni, un tasso di distribuzione annualizzato attuale del 3.82% e un rendimento totale cumulativo dell'anno fiscale di 2.46%.
El Mexico Fund (NYSE: MXF) anunció una distribución en efectivo de $0.22 por acción a los accionistas registrados al 22 de octubre de 2024. El desglose de la distribución incluye: 44.07% de ingresos netos por inversiones, 6.03% de ganancias de capital a corto plazo, 40.90% de ganancias de capital a largo plazo y 9.00% de retorno de capital. El fondo reportó un rendimiento total anual promedio de 10.98% en los últimos 5 años, una tasa de distribución anualizada actual de 3.82% y un rendimiento total acumulado del año fiscal de 2.46%.
멕시코 펀드 (NYSE: MXF)는 $0.22 주당 현금 배당금을 2024년 10월 22일 기준 주주에게 발표했습니다. 배당금은 다음과 같이 나뉩니다: 44.07%는 순 투자 소득, 6.03%는 단기 자본 이득, 40.90%는 장기 자본 이득, 9.00%는 자본 반환으로 구성됩니다. 이 펀드는 지난 5년 동안 평균 연간 총 수익률이 10.98%, 현재 연간 분배율이 3.82%, 회계 연도 누적 총 수익률이 2.46%이라고 보고했습니다.
Le Mexico Fund (NYSE: MXF) a annoncé une distribution en espèces de $0.22 par action aux actionnaires inscrits au 22 octobre 2024. La répartition de la distribution comprend : 44.07% provenant des revenus nets d'investissement, 6.03% provenant des plus-values à court terme, 40.90% provenant des plus-values à long terme et 9.00% provenant du retour de capital. Le fonds a rapporté un rendement total annuel moyen de 10.98% au cours des 5 dernières années, un taux de distribution annualisé actuel de 3.82% et un rendement total cumulé de l'année fiscale de 2.46%.
Der Mexico Fund (NYSE: MXF) gab eine Barausschüttung von $0.22 pro Aktie an die Aktionäre bekannt, die am 22. Oktober 2024 registriert sind. Die Aufschlüsselung der Ausschüttung umfasst: 44.07% aus Nettokapitaleinkünften, 6.03% aus kurzfristigen Kapitalgewinnen, 40.90% aus langfristigen Kapitalgewinnen und 9.00% aus Kapitalrückzahlung. Der Fonds berichtete von einer durchschnittlichen jährlichen Gesamtverzinsung von 10.98% über die letzten 5 Jahre, einem aktuellen annualisierten Ausschüttungszinssatz von 3.82% und einer kumulierten Gesamtrendite des Geschäftsjahres von 2.46%.
- Strong 5-year average annual total return of 10.98%
- 90.1% of distribution comes from actual earnings (net investment income and capital gains)
- Consistent dividend distribution under Managed Distribution Plan
- Relatively low current fiscal year return of 2.46%
- 9% of distribution consists of return of capital, which could indicate insufficient earnings to cover distributions
Insights
The Mexico Fund's latest distribution reflects a balanced mix of income sources, with
The relatively low
As a general matter, 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 an estimate of the sources of the October 30, 2024, distribution and distributions paid in 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 | 44.07 % | 44.07 % | ||
Net Realized Short-Term Capital Gains | 6.03 % | 6.03 % | ||
Net Realized Long-Term Capital Gains | 40.90 % | 40.90 % | ||
Return of Capital | 9.00 % | 9.00 % | ||
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 September 30, 20242 | 10.98 % |
Current Annualized Distribution Rate (current fiscal year)3 | 3.82 % |
Current Fiscal Year Cumulative Total Return4 | 2.46 % |
Cumulative Distribution Rate (current fiscal year)5 | 3.50 % |
[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 September 30, 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 September 30, 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 September 30, 2024) measured on the dollar value of distributions in the period as a percentage of the Fund's NAV as of September 30, 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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