COLUMBIA, Maryland, June 26, 2025 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), today issued its fiscal 2025 Semi-Annual Report for the period ended April 30, 2025.
A full version of the report is available at the company's website - www.themexicofund.com
Semi-Annual Report 2025 Highlights
During the first half of fiscal year 2025, the Fund's NAV per share registered a total return of 13.22%, compared with a return of 15.23% registered by its benchmark, the Morgan Stanley Capital International ("MSCI") Mexico Index, while the Fund's market price registered a total return of 14.21%. As of April 30, 2025, the Fund's NAV outperformed its benchmark during the five- and ten-year periods and since December 2008, when the current portfolio management team assumed investment management responsibilities, as shown in the table below:
Annualized % Return in USD | |||||
1-year | 3-years | 5-years | 10-years | Dec-08 | |
MXF Market Price | -8.40 | 6.46 | 17.37 | 1.76 | 7.33 |
MXF NAV | -9.86 | 7.94 | 18.05 | 3.00 | 7.44 |
MSCI Mexico Index | -7.25 | 8.46 | 17.43 | 2.41 | 5.99 |
As of April 30, 2025, the Fund's market price and NAV per share were $15.53 and $19.46, respectively, reflecting a discount of 20.20%, compared with a discount of 20.44% at the end of fiscal year 2024.
The Board of Directors increased the Fund's quarterly distribution from $0.22 per share to $0.25 per share, representing an increase of 13.6% and a 6.4% annualized distribution rate relative to its market price as of April 30, 2025. Accordingly, the Fund has declared a distribution of $0.25 per share to be paid on July 30, 2025 to stockholders of record as of July 22, 2025.
The Fund's Expense Limitation Agreement was renewed for fiscal year 2025 with a cap on the ordinary expense ratio ( which excludes the performance component of the Investment Advisory fee, among other extraordinary expenses) of 1.40%, so long as Fund net assets remain greater than $260 million. The Fund's ordinary expense ratio during the first half of fiscal year 2025 was 1.40%, in line with the limit of 1.40%.
About The Mexico Fund, Inc.
The Mexico Fund, Inc. is a non-diversified closed-end management investment company with the investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The Fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.
This release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Fund's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Fund's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Fund undertakes no obligation to release publicly any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by The Mexico Fund or any other person that the events or circumstances described in such statement are material.
CONTACT:
Tofi Dayan
+5255-9138-3350
Email: [email protected]
Patricia Baronowski Pristine Advisers, LLC
+1-631-756-2486
Email: [email protected]
SOURCE The Mexico Fund, Inc.
