|Bid||10.73 x 1000|
|Ask||10.73 x 800|
|Day's Range||10.69 - 10.74|
|52 Week Range||9.29 - 13.05|
|Beta (3Y Monthly)||0.61|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||0.00 (0.01%)|
|1y Target Est||N/A|
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.
The Mexico Equity and Income Fund, Inc. (MXE) (the “Fund”) today announced that it has commenced a tender offer to purchase up to 25% of the common shares of the Fund (approximately 1,723,866 shares) at 99% of the net asset value (“NAV”) per common share as determined at the close of business on the Termination Date (as defined below). In accordance with the rules of the U.S. Securities and Exchange Commission (the “Commission”), the Fund may purchase additional shares not to exceed 2% of the outstanding shares without amending or extending the tender offer. The tender offer will expire at 5:00 p.m., Eastern Time, on February 15, 2019 (the “Termination Date”), unless the tender offer is extended.
Closed-end municipal bond funds bucked an otherwise dismal December and an equity fund focused on Mexico managed decent gains, even as other bond and equity counterparts took a beating amid the market rout. Municipal debt CEFs posted an average return of 1.1% in December, even as closed-end bond funds as a whole saw declines of 0.37% in net asset value and 1.5% on a market basis, according to Lipper's FundMarket Insight Report. Closed-end equity funds were hit even harder, with a 6.13% decline in net asset value and an 8.53% slide on a market basis.
The Mexico Equity and Income Fund, Inc. today announced that the Fund’s Board of Directors has declared a year-end cash dividend of $0.0012 per share on its common stock payable on December 28, 2018 to stockholders of record on December 19, 2018.
The Mexico Equity and Income Fund, Inc. (the “Fund”) (MXE) announced today that its Board of Directors has approved in principle a tender offer to repurchase up to 25% to 30% of its outstanding shares for cash at 99% of net asset value subject to (1) any required regulatory approvals, and (2) on each proposal presented at the 2018 Annual Meeting of Stockholders, a majority of the shares being voted in accordance with the recommendation of the Board of Directors.
Mexico's next president, leftist Andrés Manuel López Obrador, says he’s committed to renegotiating NAFTA. Yahoo Finance’s Seana Smith, Dan Roberts and Julia La Roche discuss.