The $104 million closed-end Mexico Equity and Income Fund's board of directors has given approval for the fund to liquidate its holdings. The fund invests primarily in equities, convertible debt securities and bonds issued by Mexican companies. The fund is co-managed by Advantage Advisers of New York, a subsidiary of CIBC World Markets and Acci Worldwide of Mexico.

Fund shareholders will have the opportunity to vote on the board's liquidation proposal at a shareholder meeting expected to take place in July.

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