The Mexico Equity and Income Fund, Inc. Announces 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 $0.56 per share consisting entirely of long-term capital gains payable on January 29, 2016 to common and preferred stockholders of record on December 30, 2015. The dividend on each class of stock will be paid in shares of common stock with an option to elect 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 20, 2016 through January 22, 2016. 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 19, 2016. Stockholders who hold their shares through a third party intermediary, such as a bank or brokerage firm, and 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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