Skip to main content

Market Overview

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

Share:

The Mexico Equity and Income Fund, Inc. (NYSE: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).

View Comments and Join the Discussion!
 
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com