The Mexico Fund, Inc. (NYSE: MXF) today announced that it has paid to stockholders the recently announced distribution, which was comprised of cash and/or shares and payable on January 22, 2008 to stockholders of record as of December 28, 2007.
Stockholders who elected to receive cash rather than stock for the capital gains portion of the distribution received a check for the equivalent of $5.1443 per share held on the record date. For stockholders who do not participate in the Fund's Dividend Reinvestment Plan, the check also included the income portion of the distribution, which is equivalent to $0.8975 per share held on the record date. For stockholders who are participants in the Dividend Reinvestment Plan, the income portion of the distribution was invested in additional shares of the Fund in accordance with the Dividend Reinvestment Plan. In that case, stockholders received a statement reflecting the investment of the income portion of the distribution.
In accordance with the current policy of the Fund, stockholders who either elected to receive the capital gains portion of the distribution in shares, or who did not make an election, have received additional Fund shares which were issued at $32.92 per share, the equivalent of the closing price of the Fund on the New York Stock Exchange on the pricing date, January 15, 2008. These stockholders received a statement reflecting the investment portion of the capital gains distribution. Please note that share certificates with respect to shares received for either the income or capital gains distribution were not sent unless the stockholder returned a form to the Fund's Transfer Agent, American Stock Transfer & Trust Company, requesting such share certificates.
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. -- The Mexico Fund, Inc
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