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Mexico Equity and Income Fund declares conditional cash tender offer for up to 25% to 30% of its outstanding shares and plan for 2019

Sep 18, 2018 - Global Banking News

The board of directors of the Mexico Equity and Income Fund Inc (NYSE:MXE) authorised in principle a for cash tender offer to buy back up to 25% to 30% of the company's outstanding shares at 99% of its net asset value, it reported on Tuesday.

This tender offer is subject to all required regulatory approvals and on each proposal presented at the 2018 annual stockholders' meeting, with a majority of the shares being voted as per the recommendation of the board. Provided these conditions are ...