The Mexico Equity and Income Fund, Inc. (the “Fund”) (NYSE: MXE)(NYSE: MXEPR), today announced unaudited results for the semi-annual period ended January 31, 2010.
On January 31, 2010, total net assets of the Fund were $67,957,787 and the net asset value (“NAV”) for the common and preferred stock was $8.80 per share, based on 7,637,817 and 82,773 shares outstanding, respectively. The Fund’s common stock and preferred stock closed on the New York Stock Exchange on that date at $7.44 and $7.64 per share, respectively.
For the semi-annual period ended January 31, 2010, the Fund’s net realized and unrealized gains totaled $11,421,785 and the Fund’s net investment loss was $(198,384).
On January 31, 2010, the Fund’s investments in equity and fixed income securities of Mexican companies totaled $70,883,684 (or 104.30% of the Fund’s net assets), while cash and cash equivalents (excluding foreign currency) totaled $100,335 (or 0.15% of the Fund’s net assets) and other liabilities in excess of assets totaled $(3,026,232) (or 4.45% of the Fund’s net assets).As of January 31, 2010, the Fund’s 10 largest equity investments represented 68.6% of the Fund’s net assets and are listed below in descending order:
|1. America Movil, S.A. de C.V. – Class – L||12.6%|
|2. Grupe Mexico, S.A. – Series B||12.5%|
|3. Promotora y Operadora de Infraestructura, S.A. de C.V.||7.6%|
|4. Genomma Lab Internacional S.A||7.3%|
|5. Grupo Bimbo, S.A.B. de C.V.||6.7%|
|6. Grupe S.A. de C.V.||5.1%|
|7. Mexichem S.A.B. de C.V.||4.9%|
|8. Wal-Mart de Mexico, S.A. de C.V. – Class V||4.6%|
|9. Kimberly-Clark de Mexico, S.A.B. de C.V.||4.3%|
|10. Impulsora del Desarrollo y el Empleo en America Latina, S.A. de C.V.||3.0%|