COLUMBIA, Maryland, Oct. 26,
2023 /PRNewswire/ -- The Mexico Fund, Inc.
(NYSE: MXF) announced that it will pay today a distribution of
$0.20 per share in cash to
stockholders of record as of October 18,
2023, 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.
However, under the Investment Company Act of 1940, the
Fund is required to indicate the source of each distribution to
stockholders. The following table sets forth an estimate of the
sources of the October 26, 2023,
distribution and distributions paid in the current fiscal
year:
Distribution Estimates
|
October 2023
|
Fiscal Year-to-date
(YTD)1
|
Source
|
Per Share Amount
|
Percent of Current Distribution
|
Per Share Amount
|
Percent of Fiscal Year
Distributions
|
Net Investment
Income
|
$0.1202
|
60.10 %
|
$0.4808
|
60.10 %
|
Net Realized
Short-Term Capital Gains
|
$0.0126
|
6.30 %
|
$0.0504
|
6.30 %
|
Net Realized
Long-Term Capital Gains
|
$0.0570
|
28.50 %
|
$0.2280
|
28.50 %
|
Return of
Capital
|
$0.0102
|
5.10 %
|
$0.0408
|
5.10 %
|
Total Distribution
|
$0.2000
|
100.00 %
|
$0.8000
|
100.00 %
|
Information regarding the Fund's performance and
distribution rates is set forth below:
Average Annual Total
Return for the 5-year period ended on September 30,
20232
|
8.71 %
|
Current Annualized
Distribution Rate (current fiscal year)3
|
3.19 %
|
Current Fiscal Year
Cumulative Total Return4
|
20.05 %
|
Cumulative
Distribution Rate (current fiscal year)5
|
2.92 %
|
[1] The Fund's current fiscal
year began on November 1,
2022.
2 Average Annual Total Return
represents the simple arithmetic average of the Annual NAV Total
Returns of the Fund for the last five years. Annual NAV Total
Return is the percentage change in the Fund's NAV over a year
including distributions paid and assuming reinvestment of those
distributions.
3 The Current Annualized
Distribution Rate is the Cumulative Distribution Rate as of
September 30, 2023, annualized as a
percentage of the Fund's NAV at the same date.
4 Current Fiscal Year Cumulative
Total Return is the percentage change in the Fund's NAV from
November 1, 2022 through September 30, 2023, including distributions paid
and assuming reinvestment of those distributions.
5 Cumulative Distribution Rate for
the Fund's current fiscal period (November
1, 2022, through September 30,
2023) measured on the dollar value of distributions in the
period as a percentage of the Fund's NAV as of September 30, 2023.
You should not draw any conclusions about the Fund's
investment performance from the amount of this distribution or from
the terms of the Fund's MDP.
The amounts and sources of distributions reported above
are only estimates and are not being provided for tax reporting
purposes. The actual amounts and sources of the amounts for
accounting and tax reporting purposes will depend upon the Fund's
investment experience during the remainder of its fiscal year and
may be subject to changes based on tax regulations. The Fund will
send you a Form 1099-DIV for the calendar year that will tell you
how to report the distribution for federal income tax
purposes.
CONTACT:
Tofi Dayan
+5255-9138-3350
Email: investor-relations@themexicofund.com
About The Mexico Fund, Inc.
The Mexico Fund, Inc. is a non-diversified closed-end
management investment company with the investment objective of
long-term capital appreciation through investments in securities,
primarily equity, listed on the Mexican Stock Exchange. The Fund
provides a vehicle to investors who wish to invest in Mexican
companies through a managed non-diversified portfolio as part of
their overall investment program.
This release may contain certain forward-looking
statements regarding future circumstances. These forward-looking
statements are based upon the Fund's current expectations and
assumptions and are subject to various risks and uncertainties that
could cause actual results to differ materially from those
contemplated in such forward-looking statements including, in
particular, the risks and uncertainties described in the Fund's
filings with the Securities and Exchange Commission. Actual
results, events, and performance may differ. Readers are cautioned
not to place undue reliance on these forward-looking statements,
which speak only as of the date hereof. The Fund undertakes no
obligation to release publicly any revisions to these forward
looking statements that may be made to reflect events or
circumstances after the date hereof or to reflect the occurrence of
unanticipated events. The inclusion of any statement in this
release does not constitute an admission by The Mexico Fund or any
other person that the events or circumstances described in such
statement are material.
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SOURCE The Mexico Fund, Inc.