Mexico Equity & Income Fund Inc. Declares Cash Dividend, Payable on December 28, 2012; Reports Earnings for the Three Months Ended October 31, 2012
December 10, 2012 at 12:25 pm EST
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Mexico Equity & Income Fund Inc. announced that its Board of Directors has declared a cash dividend of $0.19 per share on both its common and preferred stock payable on December 28, 2012 to stockholders of record on December 21, 2012. The dividend consists of $0.04 of short-term capital gain and $0.15 of long-term capital gain.
For the three month period ended October 31, 2012, the fund's net realized and unrealized gains totaled $6,328,074 and the fund's net investment loss was $143,920. On October 31, 2012, the fund had net assets of $92,935,715 and the net asset value of the common and preferred stock was $14.78 per share, based on 6,228,217 and 57,639 shares outstanding, respectively.
The Mexico Equity and Income Fund, Inc. (the Fund) is a closed-end, non-diversified management investment company. The Fundâs investment objective is to seek high total return through capital appreciation and current income. The Fund invests at least 80% of its assets in equity and convertible securities issued by Mexican companies and debt securities of Mexican issuers. It invests in equity securities, convertible securities and debt securities and may also invest in other securities, such as capital development certificates, real estate investment trusts, mutual funds, exchange traded funds, preferred stocks, rights, and warrants. It may, without limitation, hold cash or invest in assets in money market instruments, including United States and non-United States government securities, high grade commercial paper and certificates of deposit and bankerâs acceptances issued by Unites States and non-United States banks. Pichardo Asset Management, S.A. de C.V. is its investment advisor.
MEXICO EQUITY & INCOME FUND INC. 
