NYSE to Suspend Trading in the Preferred Stock of Mexico Equity & Income Fund, Inc.
The New York Stock Exchange (“NYSE”) announced today that the staff of
NYSE Regulation, Inc. (“NYSE Regulation”) has determined to commence
proceedings to delist the Preferred Stock (“Preferred Stock”) of the
Mexico Equity & Income Fund, Inc. (the “Fund”) -- ticker symbol MXE PR
-- from the NYSE. Trading in the Fund’s Preferred Stock will be
suspended prior to the opening of trading on March 22, 2013.
NYSE Regulation has determined that the Preferred Stock is no longer
suitable for listing because it does not meet the minimum continued
listing distribution requirement of 100,000 publicly held shares
outstanding as set forth in Section 802.01 of the NYSE Listed Company
Manual.
The Fund has a right to a review of this determination by a Committee of
the Board of Directors of NYSE Regulation. Application to the Securities
and Exchange Commission to delist the issue is pending the completion of
applicable procedures, including any appeal by the Fund of the NYSE
Regulation staff’s decision.
