The Mexico Fund, Inc. Pays Distribution
The Mexico Fund, Inc. (NYSE: MXF) announced a cash distribution of $0.18 per share to stockholders on record as of July 22, 2021. This distribution comprises $0.1229 from net investment income (68.28%) and $0.0571 as a return of capital (31.72%). The fund's current fiscal year began on November 1, 2020, with a cumulative total return of 40.21% up to June 30, 2021. The distribution's character will be finalized at the end of the fiscal year, and stockholders can expect a tax reporting Form 1099-DIV for accurate reporting.
- Cash distribution of $0.18 per share announced.
- 68.28% of distribution from net investment income.
- 40.21% cumulative total return for the current fiscal year.
- None.
COLUMBIA, Md., July 29, 2021 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), announced that it will pay today a distribution of
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 July 29, 2021 distribution and distributions paid in the current fiscal year:
Distribution Estimates | July 2021 | Fiscal Year-to-date ( YTD)1 | ||
Source | Per Share | Percent of | Per Share | Percent of |
Net Investment Income | ||||
Net Realized Short-Term Capital Gains | - | - | - | - |
Net Realized Long-Term Capital Gains | - | - | - | - |
Return of Capital | ||||
Total Distribution | ||||
Information regarding the Fund's performance and distribution rates is set forth below:
Average Annual Total Return for the 5-year period ended on June 30, 20212 | |
Current Annualized Distribution Rate (current fiscal year)3 | - |
Current Fiscal Year Cumulative Total Return4 | |
Cumulative Distribution Rate (current fiscal year)5 | - |
[1] The Fund's current fiscal year began on November 1, 2020.
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 June 30, 2021, 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
4 Current Fiscal Year Cumulative Total Return is the percentage change in the Fund's NAV from November 1, 2020, through June 30, 2021, including distributions paid and assuming reinvestment of those distributions.
5 Cumulative Distribution Rate for the Fund's current fiscal period (November 1, 2020, through June 30, 2021) measured on the dollar value of distributions in the period as a percentage of the Fund's NAV as of June 30, 2021. As of the date of this press release, this rate is zero because the
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.
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 is the distribution amount for MXF announced on July 29, 2021?
When is the record date for the MXF distribution?
What percentage of the MXF distribution comes from net investment income?
What was the cumulative total return for MXF as of June 30, 2021?
