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Corrections Corporation of America Message Board

  • gomyguts gomyguts Mar 8, 2000 8:50 AM Flag

    MXE up in down market

    The Mexico Equity and Income Fund, Inc. Announces
    Consideration by the Board of Directors of Investment Advisers'
    Proposals
    NEW YORK--(BUSINESS WIRE)--March 6, 2000--The Mexico
    Equity and Income Fund, Inc. (the ``Fund'') announced at
    a Meeting of the Board of Directors of the Fund
    held on March 3, 2000, the Board considered
    alternatives presented by Advantage Advisers, Inc. and Acci
    Worldwide S.A. de C.V. (the ``Investment Advisers'') for
    affording stockholders the opportunity to promptly realize
    net asset value for all their shares. At the meeting,
    the Board of Directors determined that the
    alternatives require further review and agreed to again
    consider the alternatives at a Special Meeting to be held
    in approximately 30 days.

    At the Annual
    Meeting of Stockholders of the Fund, as reconvened on
    February 4, 2000, the stockholders of the Fund approved a
    proposal that within 30 days of approval of the proposal,
    the Investment Advisers present to the Board of
    Directors a proposal designed to afford stockholders an
    opportunity to promptly realize net asset value for their
    shares. At a meeting held on February 9, 2000, the Board
    of Directors requested that the Investment Advisers
    present such a proposal to the Board for consideration at
    the Board Meeting on March 3, 2000.

    The Fund
    is a closed-end management investment company that
    seeks high total return through capital appreciation
    and current income by investing primarily in equity
    and convertible debt securities issued by Mexican
    companies and debt securities of Mexican issuers. The Fund
    is traded on the New York Stock Exchange under the
    trading symbol ``MXE''. The Fund's U.S. Co-Adviser,
    Advantage Advisers, is a subsidiary of CIBC World Markets
    Corp. Acci Worldwide is the Mexican Adviser to the
    Fund.

    Periodically updated information on the
    Fund can be obtained by calling the Fund's dedicated
    telephone line. Information provided includes a recorded
    update reviewing the Fund's top issues, net asset value,
    performance and other information. The Fund's toll free
    number is (800) 421-4777.

 
CXW
33.09+0.15(+0.46%)Jul 22 4:01 PMEDT

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