The Mexico Equity and Income Fund, Inc. Announces Results of Tender Offer
NEW YORK--(BUSINESS WIRE)--Feb 19, 2019--The Mexico Equity and Income Fund, Inc. (NYSE: 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).
View source version on businesswire.com:https://www.businesswire.com/news/home/20190219005599/en/
CONTACT: U.S. Bancorp Fund Services, LLC
John Buckel, 414-765-4255
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE OTHER PROFESSIONAL SERVICES
SOURCE: The Mexico Equity and Income Fund, Inc.
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PUB: 02/19/2019 09:27 AM/DISC: 02/19/2019 09:28 AM