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.