Management

Board of Directors
Our business and affairs are managed under the direction of our Board of Directors. The Board currently consists of five members, four of whom are not "interested persons" as that term is defined in Section 2(a)(19) of the 1940 Act. We refer to these individuals as our independent directors.

The Directors are fiduciaries for the Fund's shareholders and are governed by the laws of the State of Maryland in this regard. The Board establishes policies for the operation of the Fund and appoints the officers who conduct the daily business of the Fund. Please note that there is only one fund in the complex that is overseen by the Directors. The officers of the Fund, except for Mr. Hellerman, are employees of our investment adviser.

The principal occupations of the Fund’s Directors are set forth in the following table.

Directors' and Officers' Biographical Data (as of August 2010)

Independent Directors

Name and Date of Birth	Positions Held with the Fund	Held Office since	Prinicpal Occupation(s) During Past 5 Years	Other Directorships Held by Director
Phillip Goldstein (1945)	Class I Director and Chairman of the Board	2000	Principal of the general partner of several investment partnerships in the Bulldog Investors group of funds. Principal of the investment advisor to the Special Opportunities Fund, Inc.	Director, ASA Ltd.; Chairman, Special Opportunities Fund, Inc.; Chairman, Brantley Capital Corporation
Glenn Goodstein (1963)	Class I Director	2001	Registered Investment Advisor; held numerous positions with Automatic Data Processing until 1996	None
Andrew Dakos (1966)	Class II Director and Chairman of Audit Committee	2001	Managing Member of the general partner of six investment partnerships in the Bulldog Investors Group of Funds	Director, Special Opportunities Fund, Inc.; Director, Brantley Capital Corporation
Rajeev Das (1968)	Class II Director	2001	Principal, Bulldog Investors, a group of Investment Funds; Managing Member of the general partner of Opportunity Income Plus L.P., an investment fund	None

Interested Directors

Name and Date of Birth	Positions Held with the Fund	Held Office since	Prinicpal Occupation(s) During Past 5 Years	Other Directorships Held by Director
Maria Eugenia Pichardo (1950)	Interested Officer, President	2011	Portfolio Manager of the Fund since the Fund's inception; President and General Partner, Pichardo Asset Management, S.A. de C. V. since 2003; Managing Director, Acciones y Valores de Mexico, S.A. de C.V. from 1979 to 2002	None
Gerald Hellerman (1937) *	Class III Director, Chief Financial Officer and Chief Compliance Officer	2001	Managing Director, Hellerman Associates	Director, Special Opportunities Fund, Inc.; Director, Brantley Capital Corporation; Director, MVC Capital, Inc.; Director, Old Mutual Absolute Return and Emerging Managers Fund Complex (consisting of six funds)

* Mr Hellerman is only deemed an interested director because he is an executive officer.

Our Board of Directors is divided into three classes with each class serving a staggered three year term ending on the date of our annual meeting as follows: Class I directors' term expire in the year 2008; Class II directors' terms expire in 2009; and Class III directors' terms expire in 2010. The Fund's Articles Supplementary provides that the holders of Fund's preferred stock have the right to vote separately as a single class to elect at least two directors.

In addition to Mr Hellerman, our only other current executive officers are:

Name and Date of Birth	Positions Held with the Fund	Held Office since	Prinicpal Occupation(s) During Past 5 Years	Other Directorships Held by Director
Maria Eugenia Pichardo (1950)	Interested Officer, President	2004	Portfolio Manager of the Fund since the Fund's inception; President and General Partner, Pichardo Asset Management, S.A. de C. V. since 2003; Managing Director, Acciones y Valores de Mexico, S.A. de C.V. from 1979 to 2002	None

Fund Address and Principal Executive Office
The Mexico Equity and Income Fund Inc.
615 East Michigan Street Milwaukee WI 53202

Investment Adviser
The Fund's investment advisor (the "Investment Adviser") is Pichardo Asset Management; S.A. de C. V a corporation organized under the laws of Mexico and a registered as an investment adviser under the U.S. Investment Advisers Act of 1940, as amended (the "Advisers Act"). The Investment Adviser's principal office is located at Teopanzolco Avenue 408, 3rd Floor, Cuernavaca 62260, Morelos, Mexico. Maria Eugenia Pichardo is the President and Chief Executive Officer of the Investment Adviser, Ms, Pichardo owns 99% of the total outstanding shares of common stock of the Investment Adviser and has acted as the Fund's portfolio manager since the Fund's inception.

Administrator
U.S. Bancorp Fund Services LLC serves as our administrator. U.S. Bancorp provides us with, but is not limited to the following types of services, general fund management, compliance oversight, financial reporting oversight and tax reporting.

Custodian
Our portfolio securities are held under a custody agreement by U.S. Bank, N.A. The address of the custodian is U.S. Bank, N.A, 1555 N Rivercenter Dr. Suite 302 Milwaukee, WI 53212. Our assets are held under bank custodianship in compliance with the 1940 Act.

Transfer and Dividend paying Agent and Registrar
U.S. Bancorp Fund Services, LLC acts as our transfer agent, dividend paying agent and registrar. The principal business address of the transfer agent is 615 East Michigan St., Milwaukee, WI 53202.