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

 NEW YORK, Feb. 19 /PRNewswire/ -- The Emerging Mexico Fund, Inc. (NYSE: MEF) (the "Fund) announced earlier today that the commencement of a rights offering pursuant to which the Fund's shareholders of record as of the close of business on Feb. 19, 1993 (the "record date") will be issued 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 of $13.00 per share, one share for each three rights held. In addition, shareholders will be accorded an over-subscription privilege. The rights will be transferable and will be listed on the New York Stock Exchange. The Fund's rights offering will expire at 5 p.m., New York City time, on March 12, 1993 unless it is extended by the fund at its discretion. Smith Barney, Harris Upham & Co. Incorporated will act as the dealer manager for the Fund's rights offering.
 The Fund is a closed-end investment company which commenced operation 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".
 -0- 2/19/93
 /CONTACT: C. William Maher, treasurer of Emerging Mexico Fund, 212-713-2421, or Marissa Moretti of Dewe Rogerson, 212-688-6840, for Emerging Mexico Fund/
 (MEF)


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

TM-SM -- NY063 -- 8523 02/19/93 16:32 EST
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Publication:PR Newswire
Date:Feb 19, 1993
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