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THE EMERGING MEXICO FUND INC. FILES FOR RIGHTS OFFERING

 NEW YORK, Dec. 30 /PRNewswire/ -- The Emerging Mexico Fund, Inc. (NYSE: MEF) (the "Fund") filed with the Securities and Exchange Commission earlier today a registration statement relating to a transferable rights offering. Under the terms of such offering, the Fund will issue to its shareholders rights to subscribe for an aggregate of 2,226,222 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 oversubscription privilege. The rights will be transferable and are expected to be listed on the New York Stock Exchange. The record date, subscription price and subscription period have yet to be determined.
 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 or 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- 12/30/93
 /CONTACT: C. William Maher, treasurer of The Emerging Mexico Fund, 212-713-2421, or Marissa Moretti or Doug Myers, both of Dewe Rogerson, 212-688-6840/
 (MEF)


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

TM -- NY031 -- 8155 12/30/93 17:08 EST
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Publication:PR Newswire
Date:Dec 30, 1993
Words:319
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