|Bid||13.16 x 900|
|Ask||14.68 x 800|
|Day's Range||14.26 - 14.36|
|52 Week Range||11.85 - 15.17|
|Beta (5Y Monthly)||0.69|
|PE Ratio (TTM)||17.36|
|Forward Dividend & Yield||1.00 (6.96%)|
|Ex-Dividend Date||Jan 21, 2020|
|1y Target Est||N/A|
The Mexico Fund, Inc. (MXF) announced that the Board of Directors (Board) declared a distribution of $0.25 per share to stockholders of record on January 23, 2020, which is payable in cash on January 30, 2020. Under the Fund’s Managed Distribution Plan (MDP), the Fund pays quarterly distributions of $0.25 per share. The Board has ratified the continuation of the Fund’s MDP during 2020.
The Mexico Fund, Inc. (NYSE: MXF) announced that it will pay today a distribution of $0.25 per share in cash to stockholders of record as of October 23, 2019, according to the Fund's Managed Distribution Plan (MDP). As a general matter, the amount of distributable income for each fiscal period depends on the aggregate gains and losses realized by the Fund during the entire year. Distributions may consist of net investment income, capital gains and return of capital, but the character of these distributions cannot be determined until after the end of the Fund’s fiscal year.
The Mexico Fund, Inc. (MXF) announced today that, at its 2019 Annual Meeting of Stockholders, stockholders (i) re-elected Claudio X. Gonzalez, Edward P. Djerejian and Alberto Osorio as Class II Directors of the Fund for a three-year term expiring in 2022 and (ii) soundly rejected the stockholder’s proposal to terminate the Investment Advisory Agreement between Impulsora del Fondo México, S.C. and the Fund, such proposal receiving only 1,979,870 shares voted “For,” equivalent to approximately 13% of the Fund’s outstanding shares.
Specifically, Impulsora will waive fees and/or reimburse expenses (excluding amounts payable via the performance adjustment factor under the Fund’s Investment Advisory Agreement, taxes, interest, brokerage fees and any non-recurring expenses) to the extent necessary so that the Fund’s ordinary annual expense ratio does not exceed 1.50% beginning on April 1, 2019 through October 31, 2020, so long as Fund net assets remain greater than $200 million. In addition, as part of the foregoing discussions, the Board emphasized the superior investment performance of the Fund relative to its benchmark index during the last one-, three-, five- and ten-year periods, as of February 28, 2019, as shown in the table below.
An old adage says that when the United States sneezes, the rest of the world catches a cold. Recently, though, as the United States slows modestly, emerging market stocks seem to have caught something more like pneumonia, observes George Putnam, editor of The Turnaround Letter.