City of London IM Updates Stake in Mexico Equity & Income Fund

TL;DR

**City of London IM still holds a big chunk of Mexico Equity & Income Fund.**

AI Summary

City of London Investment Management Company Limited filed an amended SC 13G/A on February 9, 2024, indicating their ownership of Common Stock in Mexico Equity and Income Fund, Inc. as of December 31, 2023. This filing, an amendment number 2, updates their previous disclosures regarding their significant stake in the fund. This matters to investors because it confirms a major institutional investor's continued interest and position in the Mexico Equity and Income Fund, Inc., potentially signaling confidence or a long-term strategy.

Why It Matters

This filing shows that a large institutional investor, City of London Investment Management, maintains a significant position in the Mexico Equity and Income Fund, Inc., which can influence market perception and stability for current and prospective shareholders.

Risk Assessment

Risk Level: low — This filing is a routine update from an institutional investor and does not indicate any immediate negative or positive financial risk.

Analyst Insight

An investor should note the continued institutional ownership by City of London Investment Management Company Limited, but this filing alone doesn't provide enough detail to warrant immediate action. Further investigation into the percentage of ownership and any changes from previous filings would be prudent.

Key Players & Entities

• City of London Investment Management Company Limited (company) — the reporting person and institutional investor
• Mexico Equity and Income Fund, Inc. (company) — the subject company whose securities are being reported
• December 31, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

FAQ

Filing Documents

• col13g_18751f.htm (SC 13G/A) — 77KB
• 0001072613-24-000103.txt ( ) — 78KB

(a)

Item 1(a). Name of Issuer: Mexico Equity and Income Fund, Inc.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: The principal executive offices of the Fund are located at: 615 E. Michigan Street Milwaukee, WI 53202

(a)

Item 2(a). Name of Person Filing: This statement is being filed by City of London Investment Management Company Limited (“CLIM” or the “Reporting Person”). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc (“CLIG”), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including The EM Special Situations CEF Focused Fund (“UNIQUE”), a private investment fund organized as a Delaware business trust, and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (each, a “Segregated Account”). UNIQUE is referred to herein as the “City of London Fund”. The Shares to which this Schedule 13G relates are owned directly by the CUSIP No. 592834105 13G Page 4 of 6 Pages

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 77 Gracechurch Street London EC3V 0AS England

(c)

Item 2(c). Citizenship: England and Wales

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $.001 per share

(e)

Item 2(e). CUSIP Number: 592834105 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3); (j) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). CUSIP No. 592834105 13G Page 5 of 6 Pages Item 4. (a) Amount beneficially owned: 274,855 (b) Percent of Class: 6.2% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 274,855 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 274,855 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class. Not applicable. Item 6. of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicab

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View this SC 13G/A filing on SEC EDGAR