(RTTNews) -  Mexico Fund Inc. (MXF: News ) said that beginning September 3, the Fund will offer to purchase up to 15% of the Fund's outstanding shares at a price equal to 98% of the Fund's net asset value per share on the expiration date in exchange for a pro-rata portion of the Fund's portfolio securities.

Unless extended, the Offer period and withdrawal rights will expire on October 5.
If the number of Fund shares properly tendered and not withdrawn prior to the expiration date is less than or equal to 15% of outstanding shares, the Fund will purchase all Fund shares tendered. However, if the number of Fund shares properly tendered and not withdrawn prior to the expiration date exceeds 15% of outstanding shares, the Fund will purchase tendered shares on a pro-rata basis.

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by RTT Staff Writer

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