On August 6, 2013, Richard Abraham announced that he has requested to be 1 of the 2 nominees to the Board of Directors of Mexico Equity & Income Fund Inc. at the annual meeting of shareholders that are allocated of the preferred shareholders of the Company. In addition, Abraham stated that the Company has not responded to his request. Further, Abraham said that he may continue to engage in discussions with the Company's management, Board, shareholders, and other parties relating to the Company's business, operations, governance, management, strategy and future plans, and may take other steps seeking to bring about changes to increase shareholder value, as well as pursue other plans or proposals.