The Mexico Equity and Income Fund, Inc. Announces Stock Dividend and Results of the Annual Meeting of Stockholders

The Mexico Equity and Income Fund, Inc. (the “Fund”) (NYSE: MXE) announced today that its Board of Directors has declared a stock dividend of $1.618 per share payable on January 28, 2015 to common and preferred stockholders of record on December 30, 2014. The per share dividend consists of $1.42 of long-term capital gains, $0.192 of short-term capital gains and $0.006 of ordinary income. The dividend on each class of stock will be paid in shares of common stock with an option to elect cash subject to a maximum of 25% of the total distribution payable in cash. The number of shares of common stock to be issued will be based on the trade-weighted average market price of the Fund’s common stock from January 21, 2015 through January 23, 2015. If stockholders elect to receive cash exceeding, in aggregate, 25% of the total distribution, the cash portion of their distribution will be prorated and the balance paid in shares of common stock. The tax treatment of the dividend to shareholders is the same whether or not a cash election is made. Registered stockholders that elect to receive cash in lieu of the stock dividend must notify the Fund by January 20, 2015. Stockholders who hold their shares through a third party intermediary, such as a bank or brokerage firm, and that wish to receive cash in lieu of the stock dividend should advise such intermediary to elect the cash option.... Read more

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