Mexico Equity & Income Fund Inc.
MXE
New York Stock Exchange- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- Mexico Equity & Income Fund Inc. (NYSE: MXE) is a closed-end, non-diversified management investment company that seeks high total return through capital appreciation and current income by investing at least 80% of its assets in equity and convertible securities issued by Mexican companies, as well as debt securities of Mexican issuers; its portfolio primarily targets securities listed on the Mexican Stock Exchange across diversified sectors, including fixed income and public equity markets of Mexico. The Fund provides investors with a managed vehicle for exposure to Mexican companies as part of a broader investment program, benchmarking performance against indices such as the Mexbol and MSCI Mexico Index. Incorporated in Maryland and domiciled in the United States, the Fund was formed on May 24, 1990, with common stock trading on the NYSE since August 21, 1990 under the ticker MXE. The Fund operates with a focus on Mexico's financial markets, exposing investors to political, regulatory, economic, currency, and liquidity risks inherent to emerging markets; its shares have historically traded at premiums or discounts to net asset value, often at a discount typical of closed-end funds. It serves institutional and retail investors seeking targeted Mexican equity and income opportunities, with no reported subsidiaries or parent company relationships. Geographic operations are centered exclusively on Mexican issuers, without diversification into other regions. In recent developments, the Fund's Board of Directors declared a year-end cash dividend of $0.2337 per share, payable December 31, 2025 to stockholders of record on December 16, 2024, consisting entirely of ordinary income, reflecting ongoing efforts to deliver current income to shareholders. No new partnerships, acquisitions, funding rounds, product launches, or strategic shifts have been announced in the last 1-2 years, with press releases indicating a stable operational focus following prior tender offers and rights offerings completed before 2022; the 2025 Form N-PX proxy voting report is available on the Fund's website. The Fund continues to manage its non-transferable rights offerings and tender offers periodically to address share liquidity and NAV alignment, as seen in historical actions.