SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________________
Schedule TO
Tender Offer Statement under Section 14(d)(1) or 13(e)(4)
of the Securities Exchange Act of 1934
(Amendment No. )
The Mexico Equity & Income Fund, Inc.
(Name of Subject Company (issuer))
The Mexico Equity & Income Fund, Inc.
(Names of Filing Persons (offeror and issuer))
Common Stock, Par Value $.001 Per Share
(Title of Class of Securities)
592834105
(CUSIP Number of Class of Securities)
Bryan McKigney, President
The Mexico Equity and Income Fund, Inc.
World Financial Center
200 Liberty Street
New York, New York 10281
(212) 667-5000
(Name, address, and telephone number of person authorized to receive
notices and communications on behalf of filing persons)
with a copy to:
Laurence E. Cranch, Esq.
Leonard B. Mackey, Jr., Esq.
Clifford Chance Rogers & Wells LLP
200 Park Avenue
New York, New York 10166
(212) 878-8000
Calculation of Filing Fee
================================================================================
Transaction Valuation Amount of Filing Fee
--------------------------------------------------------------------------------
Not Applicable Not Applicable
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|_| Check the box if any part of the fee is offset as provided by Rule
0-11(a)(2) and identify the filing with which the offsetting fee was
previously paid. Identify the previous filing by registration statement
number, or the Form or Schedule and the date of its filing.
Amount Previously Paid: Not Applicable
Form or Registration No: Not Applicable
Filing Party: Not Applicable
Date Filed: Not Applicable
|X| Check the box if the filing relates solely to preliminary communications
made before the commencement of a tender offer.
Check the appropriate boxes below to designate any transactions to which the
statement relates:
|_| third-party tender offer subject to Rule 14d-1.
|X| issuer tender offer subject to Rule 13e-4.
|_| going-private transactions subject to Rule 13-e-3.
|_| amendment to Schedule 13D under rule 13d-2.
Check the following box if the filing is a final amendment reporting the results
of the tender offer: |_|
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<PAGE>
Items 1 - 11.
Not applicable.
Items 12. Materials to be Filed as Exhibits.
Text of Press Release issued by The Mexico Equity & Income Fund, Inc. on
November 13, 2000.
PRESS RELEASE
THE MEXICO EQUITY AND INCOME FUND, INC.
ANNOUNCES COMMENCEMENT DATE OF TENDER OFFER
NEW YORK, November 13, 2000 - The Mexico Equity and Income Fund, Inc. (the
"Fund") announced today that the Fund's tender offer (the "Tender Offer") for up
to 20% of the Fund's common stock will commence on or about December 4, 2000 and
terminate on or about January 5, 2001. As announced on September 19, 2000, the
Tender Offer will be conducted at a price equal to 92% of the Fund's net asset
value per share on the last day of the tender period (or as otherwise permitted
by the rules of the Securities and Exchange Commission (the "SEC").
The Tender Offer will be made and stockholders will be notified in
accordance with the requirements of the Securities Exchange Act of 1934, as
amended, and the Investment Company Act of 1940, as amended, either by
publication or mailing or both. The offering documents will contain such
information as is prescribed by such laws and the rules and regulations
promulgated thereunder.
The Fund is a closed-end management investment company that seeks high
total return through capital appreciation and current income by investing
primarily in equity and convertible debt securities issued by Mexican companies
and debt securities of Mexican issuers. The Fund is traded on the New York Stock
Exchange under the symbol "MXE". The Fund's U.S. Co-Adviser, Advantage Advisers,
Inc. is a subsidiary of CIBC World Markets Corp. Acci Worldwide is the Mexican
Adviser to the Fund.
This announcement is not an offer to purchase or solicitation of an offer
to sell shares of the Fund. The offer is made only by the Offer for Cash and the
related Letter of Transmittal. Holders of Fund shares should read these
documents when they are available because they contain important information.
These and other filed documents will be available to investors for free both at
the website of the Securities and Exchange Commission and from the Fund. The
offer is not being made to, nor will tenders be accepted from or on behalf of,
holders of shares in any jurisdiction in which making or accepting the offer
would violate that jurisdiction's laws.
Periodically, updated information on the Fund can be obtained by calling
the Fund's dedicated telephone line. Information provided includes a recorded
update revealing the Fund's top issues, net asset value, performance and other
information. The Fund's toll-free number is (800) 421-4777.
Contact: Maureen Seaman
Advantage Advisers, Inc.
(212) 667-5015
Item 13. Information Required by Schedule 13E-3.
Not applicable.
