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Article: The Mexico Equity and Income Fund, Inc. Announces the Expiration of its Repurchase Offer for Preferred Shares and Holdings of its Investment Portfolio.
- Article from:
- Investment Weekly News
- Article date:
- September 5, 2009
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The Mexico Equity and Income Fund, Inc. (the "Fund") (NYSE: MXE) (NYSE: MXEPR), announced that the Fund's offer to repurchase from Preferred Stockholders up to 100% of the Fund's issued and outstanding shares of preferred stock (the "Preferred Shares") at 99% of the Fund's per share net asset value in exchange for portfolio securities of the Fund (the "Portfolio Securities") expired on Friday, August 14th, 2009 at 5:00 P.M., New York City Time (the "Expiration Date"). A total of 473,508 shares were tendered including 27,593 shares subject to guaranteed delivery by participating Preferred Stockholders, representing approximately 79% of the Preferred Shares outstanding. The ...