#United States #Columbia #cash distribution #Mexico Fund #NYSE MXF

The Mexico Fund, Inc. Announces Upcoming Cash Distribution

The Mexico Fund, Inc. (NYSE: MXF) has officially declared a new cash distribution of $0.22 per share for its stockholders. This decision comes from the Board of Directors, aiming to reward their investors for their continued support. The distribution is set to impact stockholders of record as of January 22, 2025, with payments scheduled to be made in cash on January 30, 2025.

This anticipated distribution forms part of the Fund's Managed Distribution Policy (MDP), which has been in effect since September 2008. Since the introduction of this policy, stockholders have benefited from a total of $27.04 per share in cash distributions, demonstrating the Fund's commitment to providing returns to its investors.

The nature of the distributable income varies, influenced by overall gains and losses the Fund experiences throughout the fiscal year. Each distribution can derive from net investment income, capital gains, or return of capital, but precise characterizations are typically clarified only after the fiscal year. In line with the Investment Company Act of 1940, the Mexico Fund is required to share the source of these distributions with stockholders, aiding them in understanding how their dividends are formed.

Breakdown of January 2025 Distribution

According to estimates released, the January 2025 distribution will be sourced as follows:

• - Net Investment Income: $0.1002 (45.52% of the distribution)
• - Net Realized Short-Term Capital Gains: $0.0097 (4.41% of the distribution)
• - Net Realized Long-Term Capital Gains: $0.0306 (13.93% of the distribution)
• - Return of Capital: $0.0795 (36.14% of the distribution)

These elements total to $0.2200, representing 100% of the distribution.

Performance and Future Prospects

In terms of performance metrics, the Mexico Fund has seen an Average Annual Total Return of 6.99% over the last five years, ending on November 30, 2024. However, the current fiscal year cumulative total return stands at 0.45%, which investors should keep in mind as they consider their participation in the Fund.

The dynamics of the distribution rates may vary, with the cumulative distribution rate remaining unspecified as payments are yet to occur. Therefore, investors are encouraged not to interpret the current distribution amounts as indicators of the Fund’s investment performance. Rather, they serve as current projections based on various internal and external financial conditions affecting the Fund.

Additional Information

Investors receiving distributions will be mailed a Form 1099-DIV, essential for reporting the distributions for tax purposes. It’s crucial for stockholders to keep abreast of any changes in distribution policy, as the MDP is subject to amendment or termination by the Board without prior notice.

The Mexico Fund remains a non-diversified closed-end management investment organization dedicated to capital appreciation through investments in securities primarily traded on the Mexican Stock Exchange. With this recent announcement, the Fund continues to attract interest from those aiming to diversify their portfolios with Mexican equity.

For further information regarding the Fund’s operational performance or future endeavors, interested parties may contact Toffi Dayan at +5255-9138-3350 or via email at [email protected].

Conclusion

With a well-defined strategy to reward stockholders, the Mexico Fund demonstrates an ongoing commitment to fostering sustainable investor relationships while navigating the complexities of the financial market, benefiting both long-term and short-term investors alike.