 The Mexico Equity and Income Fund, Inc. NYSE: MXE the Fund today announced that its offer to purchase up to 65 of its outstanding shares or 3,361,539 shares of the Fund at 98 of the net asset value NAV per share as determined at the close of the regular trading session of the New York Stock Exchange on January 31, 2020 expired at 5:00 p.m., Eastern Time on January 31, 2020. Based on information provided by Broadridge, Inc., the depository for the offer, a total of 3,385,135 shares or approximately 65.46 of the Funds outstanding shares were validly tendered. As the total number of shares tendered exceeds the number of shares the Fund offered to purchase and in accordance with the rules of the Securities and Exchange Commission allowing the Fund to purchase additional shares not to exceed 2 of the Funds outstanding shares approximately 103,432 shares without amending or extending the offer, the Fund has elected to purchase all shares validly tendered at a price of 12.02 per share 98 of the NAV of 12.27. 