NEW YORK--(BUSINESS WIRE)--
The Mexico Equity and Income Fund, Inc. (MXE) (the “Fund”) today announced that its offer to purchase up to 1,723,866 shares of the Fund at 99% of the net asset value (“NAV”) per share as determined at the close of the regular trading session of the New York Stock Exchange on February 15, 2019 expired at 5:00 p.m., Eastern Time on February 15, 2019. Based on information provided by Broadridge, Inc., the depository for the offer, a total of 4,892,653 shares or approximately 70.95% of the Fund’s outstanding shares were validly tendered. As the total number of shares tendered exceeds the number of shares the Fund offered to purchase, approximately 35.23% of the shares tendered by each tendering shareholder were accepted for payment at a price of $11.58 per share (99% of the NAV of $11.70).
For information, please contact: U.S. Bancorp Fund Services, LLC (1-877-785-0376).