The Mexico Equity and Income Fund, Inc. Announces Results of Tender Offer

The Mexico Equity and Income Fund, Inc. MXE (the "Fund") today announced that its offer to purchase up to 367,170 common shares of the Fund at 95% of the net asset value ("NAV") per common share as determined at the close of the regular trading session of the New York Stock Exchange on February 23, 2018 expired at 5:00 p.m., Eastern Time on February 23, 2018. Based on information provided by U.S. Bancorp Fund Services, LLC, the depository for the Offer, a total of 1,960,943 shares or approximately 26.70% of the Fund's outstanding common shares were validly tendered. As the total number of shares tendered exceeds the number of shares the Fund offered to purchase pursuant to the Offer, on a pro-rated basis, approximately 18.72% of the Fund's shares tendered by each tendering shareholder were accepted for payment. All such shares will be accepted for payment at a price of $12.15 per share (95% of the NAV per common share of $12.79).

For information, please contact: U.S. Bancorp Fund Services, LLC (1-877-785-0376).

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