EXHIBIT 99.(a)(1)(viii)
This announcement is not an offer to purchase nor a solicitation of an offer to sell Preferred
Shares (as defined below). The Offer (as defined below) is made only by the Offer to Repurchase
dated July 13, 2009 and the related Letter of Transmittal, which are being mailed to
stockholders. The Offer is not being made to (nor will tenders be accepted from or on behalf of)
holders of Preferred Shares in any jurisdiction in which making or accepting the Offer would
violate that jurisdiction’s laws. In any jurisdiction in which the securities, blue sky or other
laws require the Offer to be made by a licensed broker or dealer, the Offer shall be deemed to be
made on behalf of the Fund (as defined below) by one or more registered brokers or dealers licensed
under that jurisdiction’s laws.
Notice
of Offer to Repurchase for Portfolio Securities
by
THE MEXICO EQUITY AND INCOME FUND, INC.
Up to 100% of its issued and outstanding shares of preferred stock at 99% of the net asset value per
Preferred Share.
THE OFFER AND WITHDRAWAL RIGHTS WILL EXPIRE AT 5:00 P.M., NEW
YORK CITY TIME, ON AUGUST 14, 2009, UNLESS THE OFFER IS
EXTENDED.
The Mexico Equity and Income Fund, Inc. (the “Fund”), a Maryland corporation, is offering to all
holders of preferred stock, par value $0.001 per share (“Preferred Shares”), of the Fund to
repurchase their Preferred Shares for the Fund’s portfolio securities, upon the terms and subject
to the conditions set forth in the Offer to Repurchase dated
July 13, 2009 and the related
Letter of Transmittal (which, together with any amendments or supplements thereto, collectively
constitute the “Offer”), up to 100% of its issued and outstanding shares of Preferred Shares. The
repurchase price will be equal to 99% of the net asset value (the “NAV”) per Preferred Share
determined as of the close of regular trading on the New York Stock Exchange (the “NYSE”) on
August 14, 2009, or as the same date of any extension of the Expiration Date (as defined below).
The Offer will expire at 5:00 P.M., New York City time on August 14, 2009, or such later date to
which the Offer is extended (the “Expiration Date”). An extension would be communicated by
issuance of a press release issued no later than 9:00 a.m., New York City time, on the next
business day after the previously scheduled Expiration Date. The NAV as of the close of regular
trading on the NYSE on July 10, 2009, was $6.37 per Preferred Share.
NONE OF THE FUND, ITS BOARD OF DIRECTORS NOR THE FUND’S INVESTMENT ADVISER IS MAKING ANY
RECOMMENDATION TO TENDER OR NOT TENDER PREFERRED SHARES IN THE OFFER. EACH PREFERRED
STOCKHOLDER MUST MAKE SUCH PREFERRED STOCKHOLDER’S OWN DECISION WHETHER TO TENDER.
In accordance with the terms of the Offer, the Fund will, as soon as reasonably practicable after
the Expiration Date, accept for payment and pay for Preferred Shares validly tendered (and not
properly withdrawn) in the Fund’s portfolio securities on or before the Expiration Date. For
purposes of the Offer, the Fund will be deemed to have accepted for payment Preferred Shares
validly tendered and not withdrawn as, if and when the Fund gives oral or written notice to the
Depositary (as defined in the Offer to Repurchase) of its acceptance for payment of such Preferred
Shares pursuant to the Offer. The Fund will deposit the aggregate purchase price with the
Depositary, which will make payment to Preferred Stockholders in accordance with the Offer. The
sale of Preferred Shares pursuant to the Offer will be a taxable transaction for Preferred
Stockholders for U.S. federal income tax purposes and may also be a taxable transaction under
applicable state, local and foreign tax laws.
Preferred Stockholders may tender Preferred Shares registered in their names only by completing and
signing a Letter of Transmittal, together with any required signature guarantees, and submitting it
and any other documents required by the Letter of Transmittal in proper form to the Depositary at
the appropriate address set forth in the Offer by the Expiration Date. Preferred Stockholders whose
Preferred Shares are held by a broker, dealer, commercial bank, trust company or other nominee
(e.g., in street name), should contact such firm if they desire to tender their Preferred Shares.
Preferred Shares tendered pursuant to the Offer may be withdrawn by written, telegraphic or
facsimile notice received by the Depositary at the appropriate address at any time prior to the
Expiration Date. The notice is to specify the name of the stockholder who tendered the Preferred
Shares, the number of Preferred Shares being withdrawn, the names in which the Preferred Shares to
be withdrawn are registered, the serial number of any certificates pertaining to the Preferred
Shares and the name and account number of the Book-Entry Facility to be credited with the withdrawn
Preferred Shares that were previously tendered to such Book-Entry Facility.
The information required to be disclosed by paragraph (d)(1) of Rule 13e-4 under the Securities
Exchange Act of 1934, as amended, is contained in the Offer to Purchase and is incorporated herein
by reference.
THE OFFER TO REPURCHASE AND THE RELATED LETTER OF TRANSMITTAL CONTAIN IMPORTANT INFORMATION THAT
SHOULD BE READ CAREFULLY
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