The Mexico Fund, Inc. Issues Its 2025 Semi-Annual Report

The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2025 Semi-Annual Report for the period ended April 30, 2025. A full version of the report is available at the company´s website – www.themexicofund.com Semi-Annual Report 2025 Highlights During the first half of fiscal year 2025, the Fund's NAV per share registered a total return of 13.22%, compared with a return of 15.23% registered by its benchmark, the Morgan Stanley Capital International ("MSCI") Mexico Index, while the Fund´s market price registered a total return of 14.21%. As of April 30, 2025, the Fund´s NAV outperformed its benchmark during the five- and ten-year periods and since December 2008, when the current portfolio management team assumed investment management responsibilities, as shown in the table below: Annualized % Return in USD 1-year 3-years 5-years 10-years Dec-08 MXF Market Price -8.40 6.46 17.37 1.76 7.33 MXF NAV -9.86 7.94 18.05 3.00 7.44 MSCI Mexico Index -7.25 8.46 17.43 2.41 5.99 As of April 30, 2025, the Fund's market price and NAV per share were $15.53 and $19.46, respectively, reflecting a discount of 20.20%, compared with a discount of 20.44% at the end of fiscal year 2024. The Board of Directors increased the Fund´s quarterly distribution from $0.22 per share to $0.25 per share, representing an increase of 13.6% and a 6.4% annualized distribution rate relative to its market price as of April 30, 2025. Accordingly, the Fund has declared a distribution of $0.25 per share to be paid on July 30, 2025 to stockholders of record as of July 22, 2025. The Fund´s Expense Limitation Agreement was renewed for fiscal year 2025 with a cap on the ordinary expense ratio (which excludes the performance component of the Investment Advisory fee, among other extraordinary expenses) of 1.40%, so long as Fund net assets remain greater than $260 million. The Fund's ordinary expense ratio during the first half of fiscal year 2025 was 1.40%, in line with the limit of 1.40%.... Read more

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