The CTO provides a contingent floor for the discount over a 3-year horizon. Near-term, monitor discount trajectory and NAV performance vs. MSCI Mexico. The $0.35 quarterly distribution remains intact. No material trading catalyst in the near term.
Price Chart
Executive Summary
The Mexico Fund filed its monthly summary report for June 2026, disclosing a Conditional Tender Offer (CTO) for 20% of outstanding shares at 98% of NAV, triggered by underperformance vs. MSCI Mexico Index over three years or if shares trade at an average discount >10% over the final 12 months. The fund's NAV declined 2.7% in June, outperforming the MSCI Mexico Index's -3.1%, while the discount stood at 11.24%. The CTO is a long-term discount-control mechanism with no immediate catalyst.
Key Facts
- Total net assets: $355.31 million as of June 30, 2026
- NAV per share: $24.64; closing price: $21.87; discount: 11.24%
- Board approved Conditional Tender Offer for 20% of shares at 98% of NAV (net of expenses), triggered by 3-year underperformance vs MSCI Mexico Index or >10% average discount in final year
- Quarterly distributions of $0.35 per share under MDP continue
- No shares repurchased in June 2026
- MXF NAV -2.70%, market price -1.75%, MSCI Mexico -3.10% in June
Financial Impact
CTO could reduce shares by up to 20% at ~98% of NAV, potentially narrowing discount; no immediate financial impact
Risk Factors
- CTO is conditional and may not trigger if NAV outperforms benchmark or discount stays below 10%
- Mexican peso depreciation and macro risks could pressure NAV further
- Low trading volume (42,419 shares/day) could amplify discount volatility
Market Snapshot
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001654954-26-006539 |
| Document: mxf_8k.htm | 0001654954-26-006539 |
| Document: 0001654954-26-006539-index-headers.html | 0001654954-26-006539 |
| Document: 0001654954-26-006539-index.html | 0001654954-26-006539 |
| Document: 0001654954-26-006539.txt | 0001654954-26-006539 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 18d ago | 8-K | $20.08 $19.90 | ▼ −0.90% | ▲ +0.08% | $20.29 (+1.05%) |
Oct 7, 2026 18d ago | SC 13D/A | $20.08 $19.90 | ▼ −0.90% | ▲ +0.08% | $20.29 (+1.05%) |
Oct 5, 2026 20d ago | Insider Cluster | $20.05 $20.31 | ▲ +1.30% | ▲ +0.87% | $20.29 (+1.20%) |
Jul 8, 2026 15w ago | 8-K | $21.47 $21.57 | ▲ +0.47% | ▼ −0.40% | $20.29 (−5.50%) |
Jun 15, 2026 18w ago | Insider Buy | $22.29 $21.65 | ▼ −2.87% | ▼ −0.64% | $20.29 (−8.97%) |
Jun 11, 2026 19w ago | Insider Buy | $21.79 $22.26 | ▲ +2.16% | ▲ +1.72% | $20.29 (−6.88%) |
Jun 8, 2026 19w ago | Insider Buy | $21.32 $22.30 | ▲ +4.60% | ▲ +2.48% | $20.29 (−4.83%) |
Jun 5, 2026 20w ago | 8-K | $21.40 $22.30 | ▲ +4.21% | ▲ +3.64% | $20.29 (−5.19%) |
May 7, 2026 24w ago | 8-K | $21.81 $22.15 | ▲ +1.56% | ▲ +0.05% | $20.29 (−6.97%) |
Apr 7, 2026 28w ago | 8-K | $21.00 $21.58 | ▲ +2.77% | ▼ −2.56% | $20.29 (−3.36%) |
US Market Status
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