 The Mexico Equity and Income Fund, Inc. NYSE: MXE the Fund today announced that it has commenced a tender offer to purchase up to 65 of the common shares of the Fund approximately 3,361,539 shares at 98 of the net asset value NAV per common share as determined at the close of business on the Termination Date as defined below. In accordance with the rules of the U.S. Securities and Exchange Commission the Commission, the Fund may purchase additional shares not to exceed 2 of the outstanding shares without amending or extending the tender offer. 