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THE MEXICO FUND BOARD DECLARES CASH DIVIDEND

 MEXICO CITY, June 23 /PRNewswire/ -- The Mexico Fund, Inc., (NYSE: MXF) a closed-end investment company investing in Mexican securities, today announced that its board of directors has declared a cash dividend of 24.7 cents per share payable on July 30, 1993 to shareholders of record on July 2, 1993. The dividend is comprised of net investment income.
 In addition, the Dividend Reinvestment Plan established by the fund will become effective with the declaration of this dividend. Shareholders enrolled in the Dividend Reinvestment Plan as of June 18, 1993 will be able to receive their distribution in shares of common stock of the fund.
 Shareholders whose dividend distributions are subject to withholding of U.S. taxes by the fund will receive cash or shares, as the case may be, net of the amounts of applicable Mexican withholding taxes.
 The full amount of the dividend, whether received in additional shares of the fund or in cash, will be reportable by U.S. taxpayers on their Federal income tax returns.
 -0- 6/23/93
 /CONTACT: Jose Luis Gomez Pimienta, president of The Mexico Fund, Inc., 011-52-5-280-3497/1636/3122/
 (MXF)


CO: Mexico Fund, Inc. ST: IN: FIN SU: DIV

WB-OS -- NY070 -- 5181 06/23/93 17:06 EDT
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Publication:PR Newswire
Date:Jun 23, 1993
Words:205
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