MEXICO EQUITY & INCOME FUND INC MXE

expiry = 2007-11-16...TSTANDING PREFERRED STOCK, PAR VALUE $0.001 PER SHARE (THE “PREFERRED SHARES”), AT 99% OF NET ASSET VALUE, IN EXCHANGE FOR PORTFOLIO SECURITIES OF THE FUND THIS REPURCHASE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON NOVEMBER 16, 2007, UNLESS THE OFFER IS EXTENDED. THE BOARD OF DIRECTORS OF THE FUND HAS UNANIMOUSLY APPROVED THE OFFER TO REPURCHASE AND THE TRANSACTIONS CONTEMPLATED THEREBY. NEITHER THE FUND NOR ITS BOARD OF DIRECTORS MAKES ANY RECOMMENDATION TO ANY PREFE...

listed = True...CKHOLDERS ARE URGED TO EVALUATE CAREFULLY ALL INFORMATION IN THE OFFER, CONSULT THEIR OWN FINANCIAL AND TAX ADVISORS AND MAKE THEIR OWN DECISIONS WHETHER OR NOT TO PARTICIPATE. 8. NAV and Market Price Range of Preferred Shares; Dividends. The Preferred Shares are traded on the NYSE. During each fiscal quarter of the Fund during the current fiscal year, the net asset value per Preferred Share (as of the last day of such fiscal quarter), and the High, Low and Close NYSE market price per share (as of the last day of such fiscal quarter) were as follows: MARKET PRICE FISCAL QUARTER ENDED HIGH LOW CLOSE NAV January 31,...

mechanism = NAV...offer (the “Tender”) for shares of the Fund’s common stock, $0.001 par value. The Tender allowed the Fund to purchase up to 100% of each stockholder’s shares of common stock, not to exceed 80% of the total outstanding shares of its common stock, for cash at a price equal to 100% of our net asset value per share as of the closing date. The Tender commenced on February 19, 2002 and expired on March 20, 2002. In connection with the Tender, the Fund purchased 6,122,069 shares of common stock at a total cost of $68,444,728. There were no gains or losses to the Fund because the repurchase of tendered shares was executed at 100% of the Fund’s net asse...

txn_type = TENDER_OFFER...certain information concerning this Offer. To understand the Offer fully and for a more complete discussion of the terms and conditions of the Offer, you should read carefully this entire Offer to Repurchase and the related Letter of Transmittal. WHAT IS THE TENDER OFFER? The Fund is offering to repurchase up to 25% of its issued and outstanding Preferred Shares at 99% of the per Preferred Share net asset value determined as of the close of regular trading on the New York Stock Exchange (the “NYSE”) on the Expiration Date (as defined below) (the “Repurchase Price”) in exchange for Portfolio Securities (t...