EXHIBIT 99.(1)(a)(vi)
THE MEXICO EQUITY AND INCOME FUND, INC.
615 E. Michigan St., 2nd Floor
Milwaukee, Wisconsin 53202
DEAR PREFERRED STOCKHOLDER:
At a meeting held on October 12, 2005, the Board of Directors of The Mexico Equity and Income Fund,
Inc. (the “Fund”), voted to file a registration statement allowing the Fund to conduct a rights
offering for the purchase of shares of its preferred stock, and, in connection therewith, to
conduct a tender offer for shares of the Fund’s preferred stock on a semi-annual basis. At a
meeting held on June 26, 2007, the Fund’s Board approved proceeding with such a tender offer as
soon as practicable. This will be the second of such tender offers,
and, similar to the previously conducted tender offer, the Fund will offer to purchase up to 25% of
the Fund’s outstanding shares of preferred stock. The Offer (as defined herein) is for the Fund’s
portfolio securities at a value equal to 99% of the Fund’s net asset value per preferred share (the
“NAV”) as of the close of regular trading on the New York
Stock Exchange (the “NYSE”) on June 27, 2008, or such later date to which the Offer is extended, upon the terms and conditions set
forth in the enclosed Offer to Repurchase and the related Letter of Transmittal (which together
with any amendments or supplements thereto, collectively constitute the “Offer”).
The deadline for participating in the Offer is 5:00 p.m., New York City time, June 27, 2008, or
such later date to which the Offer is extended (the “Expiration Date”). The pricing date for the
Offer is the close of regular trading on the NYSE on the Expiration Date (the “Pricing Date”).
Should the Offer be extended, the Pricing Date will be the close of regular trading on the NYSE on
the Expiration Date as extended. Preferred Stockholders who choose to participate in the Offer can
expect to receive payment for shares tendered and accepted as soon as reasonably practicable after
the Expiration Date.
If, after carefully evaluating all information set forth in the Offer, you wish to tender shares
pursuant to the Offer, please either follow the instructions contained in the Offer or, if your
shares are held of record in the name of a broker, dealer, commercial bank, trust company or other
nominee, contact such firm to effect the tender for you. Preferred Stockholders are urged to
consult their own investment and tax advisors and make their own decisions whether to tender any
shares.
As of
May 21, 2008, the Fund’s NAV was $31.50 and 1,072,002 shares of preferred stock were
issued and outstanding. The Fund’s NAV during the pendency of this Offer may be obtained by
contacting the Fund toll free at 866-700-6104.