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Market Overview

The Mexico Equity and Income Fund, Inc. Announces Cash Dividend

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The Mexico Equity and Income Fund, Inc. (NYSE:MXE) (the "Fund") today
announced that the Fund's Board of Directors has declared a year-end
cash dividend of $0.0012 per share on its common stock payable on
December 28, 2018 to stockholders of record on December 19, 2018. The
dividend consists of $0.0012 of ordinary income. The dividend is
required to retain the Fund's status as a non-taxable entity.

The Fund is a closed-end management investment company that seeks high
total return through capital appreciation and current income by
investing primarily in equity and convertible debt securities issued by
Mexican companies and debt securities of Mexican issuers. Pichardo Asset
Management, S.A. de C.V. is the investment adviser to the Fund. The
Fund's common stock is traded on the New York Stock Exchange under the
trading symbol "MXE".

Periodically updated information on the Fund can be obtained by visiting
the Fund's website at www.mxefund.com.
Inquiries regarding change of address, transfer of shares, lost
certificates, and non-receipt of dividend checks or reinvestment
statements should be directed to U.S. Bancorp Fund Services, LLC (877)
785-0376

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