Printer Friendly

THE EMERGING MEXICO FUND, INC. ANNOUNCES TERMS OF RIGHTS OFFERING

 NEW YORK, Feb. 9 /PRNewswire/ -- The Emerging Mexico Fund, Inc. (NYSE: MEF) announced earlier today that it intends to issue to its shareholders of record as of the close of business on Feb. 19, 1993 (the record date) rights to subscribe for an aggregate of 1,669,666 shares of the Fund's common stock.
 Each shareholder will be issued one right for each full share of common stock owned on the record date. The rights will entitle shareholders to acquire at the subscription price one share for each three rights held. In addition, shareholders will be accorded an over- subscription privilege. The rights will be transferable and are expected to be listed on the New York Stock Exchange. The subscription price is expected to be determined on the record date. The Fund's rights offering is expected to commence on the record date and to expire at 5 p.m., EST, on March 12, 1993. The rights offering is subject to effectiveness of a registration statement filed with the Securities and Exchange Commission under the Securities Act of 1933.
 The Fund is a closed-end investment company which commenced operations in October 1990 and invests primarily in Mexican equity securities. The Fund's shares of common stock are traded on the New York Stock Exchange under the symbol MEF.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This communication shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 2/9/93
 /CONTACT: Bruce D. Katz, treasurer of The Emerging Mexico Fund, Inc., 212-713-2928; or Marissa Moretti of Dewe Rogerson, 212-688-6840, for The Emerging Mexico Fund, Inc./
 (MEF)


CO: The Emerging Mexico Fund, Inc. ST: New York IN: FIN SU: OFR

WB-SM -- NY093 -- 4883 02/09/93 17:38 EST
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Feb 9, 1993
Words:364
Previous Article:NIAGARA MOHAWK EXPANDS USE OF WESTERN UNION EASY PAY IN-PERSON BILL PAYMENT SERVICE
Next Article:PRESTON REPORTS RESULTS
Topics:


Related Articles
EMERGING MEXICO FUND ANNOUNCES ANNUAL DIVIDEND
THE EMERGING MEXICO FUND, INC. ANNOUNCES TERMS OF RIGHTS OFFERING
THE EMERGING MEXICO FUND INC. FILES FOR RIGHTS OFFERING
THE EMERGING MEXICO FUND DECLARES ANNUAL DIVIDEND
THE EMERGING MEXICO FUND, INC. RIGHTS OFFERING ANNOUNCEMENT
EMERGING MEXICO FUND ANNOUNCEMENT
THE EMERGING MEXICO FUND, INC. ANNOUNCED RESULTS OF RIGHTS OFFERING
THE MEXICO FUND EXTENDS ITS 1995 RIGHTS OFFERING
THE MEXICO FUND RIGHTS OFFERING FULLY SUBSCRIBED
THE MEXICO FUND ANNOUNCES TERMS OF EQUITY RIGHTS OFFERING

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters