The Mexico Fund, Inc. Increases its Quarterly Distribution, Payable on January 25, 2024
December 14, 2023 at 09:00 am EST
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The Mexico Fund, Inc. announced that the Board of Directors (Board) increased the Fund´s quarterly distribution from $0.20 per share to $0.22 per share,representing an increase of 10.0% and a 5.0% annualized distribution rate relative to its market price as of November 30, 2023. Accordingly, the Board has ratified the continuation of the Fund´s MDP and declared a distribution of $0.22 per share to stockholders of record on January 17, 2024, which is payable in cash on January 25, 2024. 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 $26.16 per share in cash distributions to stockholders.
The Mexico Fund, Inc. (the Fund) is a non-diversified closed-end management investment company. The investment objective of the Fund is to seek long-term capital appreciation through investment in securities, primarily equity, listed on the Mexican Stock Exchanges. The Fund is focused on investing approximately 80% of its total assets in equity securities listed on the Mexican Stock Exchange. The Fund may also invest in fixed-income securities and bank time deposits of Mexican banks, all of which are peso-denominated and may be dollar-linked. The Fund may also invest in dollar-denominated deposits and dollar-denominated investments, such as United States treasuries, United States agency securities, agency mortgage-backed securities and Mexican sovereign debt. It invests in various sectors, including airports, auto parts, beverages, chemical products, building materials, and consumer products, among others. The Fundâs investment advisor is Impulsora del Fondo Mexico, S.C.
THE MEXICO FUND, INC. 
