N-PX 1 mexicoequity.htm MEXICO EQUITY Mexico Equity



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 

 
 
FORM N-PX
 
 
ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY
 


Investment Company Act file number 811-06111



THE MEXICO EQUITY AND INCOME FUND, INC.


615 EAST MICHIGAN STREET
MILWAUKEE, WI 53202
(Address of principal executive offices) (Zip code)



MR. GERALD HELLERMAN
C/O U.S. BANCORP FUND SERVICES, LLC
615 EAST MICHIGAN STREET
MILWAUKEE, WI 53202
(Name and address of agent for service)



(866) 700-6104
Registrant's telephone number, including area code



Date of fiscal year end: July 31


Date of reporting period: June 30, 2004

 
     
 



         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
    
Period:
July 1, 2003 - June 30, 2004
    
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
HYLSAMEX SA DE CV
25-Jun-04
532,900
MX01HY000013
  
         
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
   
1A. Approve the National Banking and
  
Issuer
   
Securities Commission, to increase the
    
   
minimum fixed stock capital subject to first
   
   
paragraph of article 14.3.II Securities Market
    
   
law, by issuing a new L series up to 180
   
   
million of free currency limited vote registered
    
   
and unsubscribed shares without par value
    
   
convertible into common shares with full vote
    
   
rights of the B series, currently outstanding,
   
   
after 1 year as from the date of the first
    
   
quoutation in the stock market
    
         
         
For
For
1B Aprove that the new L shares can be
  
Issuer
   
subscribed in American Dollaras and to
    
   
be fully paid in the moment of the subscription
    
   
and the payment could be made in national
    
   
currency, in the amount equivalent in Mexican
    
   
pesos
    
         
         
   
1C. Authorize ghe Chariman of the Board of
    
   
Directors to i) established after the meeting the
    
   
price of subscription per share, which will be
   
   
disclosed as appropiate and privided by Lay
    
   
including concerning the exercise of the
   
   
respective prefered rights and ii) establish the
    
   
respective amount per share related to the
    
   
increase of the stock capital of Hylsamex, and
    
   
the respective amounto of additional premium
    
   
per subscription of sahres to increase the
    
   
accountable stock of Hylsamex.
   
         
         
For
For
1D. Approve, if the increase of capital is not fully
 
Issuer
   
subscribed within 90 days after the first
   
   
quotation in the stock exchange, the stock and
    
   
accountable capital of Hylsamex should only
    
   
be increased in the amount of subscriptions
   
   
paid, and the unsubscribed shares should be
    
   
cancelled iposo facto.
   
         
         
For
For
2.- Ameen the Company Bylaws to reflect
 
Issuer
   
the meeting resulutions, giving power to the
   
   
Administrative council:i) to insert in Bylaws No7
    
   
the final total of the company capital and the
   
   
number of series "L" shares ii) once the
    
   
series "L shares have converted into series "B"
    
   
shares, insert into Bylaw No 7 a clause to reflect
    
   
the consolidation of the company shares into
   
   
only series "B" shares.
   
         
         
For
For
3.- Approve the minutes of the meeting
  
Issuer
         
         
         
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Grupo Embotelladoras Unidas S.A de C.V
13-May-04
538,300
MXP471341042
  
         
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Approve the acquisition fo the stock shares of
  
Issuer
   
Grupo Embotelladora Bretm S,A. de C,V
    
         
For
For
2.- Approve the increase in capital through the
  
Issuer
   
issue of new shares; Shares that are not subscribed
    
   
during the preferred shareholders period will be
    
   
offered to shareholders of Embotelladora Bret,
   
   
contingent on the approval of agenda Resolution 1
    
         
For
For
3.-Elect the Administrative Council and Commissioners
  
Issuer
         
For
For
4.- Elect the meeting delegates.
 
Issuer
         
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Grupo Mexico S.A. de C.V
30-apr-04
694,700
MXP370841019
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Approve the Company documents concerning
  
Issuer
   
operations during FY2003
    
         
For
For
2.- Approve the Auditors report
  
Issuer
         
For
For
3.- Approve the allocation of profits
  
Issuer
         
For
For
4.- Elect the Board of directors, the Controllers,
 
Issuer
   
the Executive Committee, the Audit Committee and the
    
   
Compensation Committee
    
         
For
For
5.- Approve to determine the Board's and the Controllers
  
Issuer
   
remuneration.
    
         
For
For
6.- Approve to designate special delegates.
 
Issuer
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Alsea S.A. de C.V
21-apr-04
463,900
MXP001391012
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Approve the annual report in compliance with
 
Issuer
   
Article 172 of the Commercial Companies Las
    
   
concerning the transactions executed in th course of
    
   
FY between 01 Jan and 31 Dec 2003
    
         
For
For
2.- Declare a cash dividend
  
Issuer
         
For
For
3.- Approve the reports of the Planning and Finance
   
   
Committee, Auditing Committee , and the Evaluation
    
   
and Compensation Committee.
   
         
For
For
4.- Approve the naming of the Members of the
 
Issuer
   
Administrative Council, Commissioners, and other
    
   
officers
    
         
For
For
5.- Approve the salary of the Administrative Council and
  
Issuer
   
the Commissioners
    
         
For
For
6.- Approve the report of the Administrative Council
 
Issuer
   
concerning the purchase of own shares.
    
         
For
For
7.- Approve the report of the Administrative Council
 
Issuer
   
concerning the Employee Stock Purchase Program
    
         
For
For
8.- Approve the designation of the meeting delegates.
 
Issuer
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Gruma SA de CV
30-apr-04
98,200
MXP4948K1056
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Approve the Boards report in concordance with
 
Issuer
   
Article 172 of the law for the FYE on 31 DEC 2003
    
   
including the comissioners report.
    
         
For
For
2.- Receive the auditing report for the FYE on 31 Dec 2003
  
Issuer
   
in concordance of the Art 14 Bis 3 of the market value
    
   
law and Article 16 of the Company' By laws.
    
         
For
For
3.- Approve the allocation of profits and proposal of the
  
Issuer
   
dividend payment
    
         
For
For
4.- Approve to set the maximum amount to acquiere own
  
Issuer
   
shares.
   
         
For
For
5.- Elect the members of the Board, Commissioners and
  
Issuer
   
their alternates, to set their compensation
   
         
For
For
6.- Approve to designate the members of the Auditing
 
Issuer
   
Committee and establish their remuneration
   
         
For
For
7.- Approve to designate the specials delegate to carry out
 
Issuer
   
the metting' resolutions.
    
         
For
For
8.- Approve the meeting' minute
    
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Grupo Cementos de Chihuahua SA de CV
19-apr-04
821,000
MX01GC2M0006
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Receive the Board of Directors' report
  
Issuer
         
For
For
2.- Receive the Commissioners' repor
  
Issuer
         
For
For
3.- Approve the reporto fo the Board of Directors for the
  
Issuer
   
FY between 01 JAN and 31 DEC 2003
    
         
For
For
4.- Approve the activities of the Board of Directors and
  
Issuer
   
respective Company's employees for the same year
    
         
For
For
5.- Approve the earnings for the FY between 01 Jan 2003
  
Issuer
   
and 31 DEC 2003 and the payment of a dividend up to
    
   
the net amounto of MXN 0.25528, national currency per
   
   
share.
    
         
For
For
6.- Approve the maximum amounto of resources that may
 
Issuer
   
be used to purchase own shares.
   
         
For
For
7.- Grant the destination to the members to compose
  
Issuer
   
the Auditors Committee for the Board of Directors
    
         
For
For
8.- Approve the designate the members to compose the
 
Issuer
   
Board of Directors and the Company's Commissioners
    
   
and to set their respective compensation.
   
         
For
For
9.- Approve the minute of the meeting
  
Issuer
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Grupo Financiero Banorte S.A de C.V
21-apr-04
267,200
MXP370711014
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.-Approve to incorporate the Generali Mexico Cia
  
Issuer
   
de Seguros and a limited liability financial Company,
    
   
as a financially controlled Companies, amend the
   
   
Article 02 of the Company Bylaws and grant authorization
    
   
to subscribe the single agreement of liabilities.
   
         
         
For
For
2.- Elect the delegate or delegates to execute and
 
Issuer
   
formalize the resolutions adopted by the meeting
   
         
For
For
3.- Approve the minutes of the meeting
  
Issuer
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Grupo Financiero Banorte S.A de C.V
21-apr-04
267,200
MXP370711014
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Receiv the Board of Directors' report in compliance
  
Issuer
   
with Article 172 of the Commercial Companies Law
    
   
for the FYE on 31 DEC 2003, Commissioners' report
    
   
and the Auditors Committee' report
    
         
For
For
2.- Approve how to apply the earnings.
  
Issuer
         
For
For
3.- Elect the members to compose the Board of Directors
    
   
and Company' Commissioners
    
         
For
For
4.- Approve the compensation for the Directors and
  
Issuer
   
Company's Commissioners
    
         
For
For
5.- Receive the Board of Directors' report concerning
  
Issuer
   
the transactions executed with own shares for the
    
   
FY 2003 and set the maximum amount of resources
    
   
that may be used to purchase own shares of the FY2004
    
         
For
For
6.- Elect the delegate or delegates to, where, appropriate
  
Issuer
   
execute and formalize the resolutions adopted by the
    
   
meeting
    
         
For
For
7.- Approve the minutes of the meeting
  
Issuer
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Embotelladoras Arca SA de CV
19-apr-04
133,000
MX10AR2E0007
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Approve the Board of Directors report, including the
  
Issuer
   
financial statements for the FY2003, in compliance with
    
   
the resolutions provided by the Article 172 of the
   
   
Commercial Companies Law
    
         
         
For
For
2.- Declare a cash dividend of MXN 0.70 per share
  
Issuer
         
For
For
3.- Approve the establishment of a maximum amount
  
Issuer
   
to acquiere own shares.
   
         
For
For
4.- Approve the designation of the Members of the Board
 
Issuer
   
of Directors, the controllers and theri wages
   
         
For
For
5.- Approve to designate the auditing, assessment,
 
Issuer
   
compensation, planning and finance Committees
    
         
For
For
6.- Approve to designate the delegates.
  
Issuer
         
For
For
7.- Approve the minutes of the metting.
  
Issuer
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Sare Holdings S.A de CV
28-apr-04
3,451,100
MX01SA030007
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
For
For
1.- Receive the Board's report in concordance with
 
Issuer
   
Art 172 of the Law including financial statements and
    
   
Commissioners report for FYE 31 DEC 2003
    
         
For
For
2.- Approve the allocation of profits.
  
Issuer
         
For
For
3.- Approve to establish the maximum amount to
 
Issuer
   
acquire own shares.
   
         
For
For
4.- Receive the Auditing Committee report
  
Issuer
         
For
For
5.- Ratify the Members of the Board's, Secretary,
  
Issuer
   
Commissioners and Alternates
    
         
For
For
6.- Approve to designate or ratify the Member of the
  
Issuer
   
Company' Committee.
    
         
For
For
7.- Approve to establish the Boards, Commissioners
 
Issuer
   
and thier Alternates compensation
    
         
For
For
8.- Authorized the delegates to carry out meeting
  
Issuer
   
resolutions.
   
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Grupo Industrial Saltillo SA
30-apr-04
32,500
MX01GI000006
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Receive and approve the Board of Directors report
  
Issuer
   
concerning all transactions executed by the Company
    
   
for the FYE on 31 DEC 2003
    
         
For
For
2.- Approve the allocation of profits
  
Issuer
         
For
For
3.- Approve the cash dividend payment of MXN 0.72
    
   
per share.
   
         
For
For
4.- Approve the report concerning the policies that rules
  
Issuer
   
the Company and all transactions executed by the
    
   
Company and to establish MXN 250,000,000.00
    
   
as the maximum amount of resources that designated
    
   
to acquire own shares.
   
         
For
For
5.- Elect the Members of the Board of Directors,
 
Issuer
   
Auditors Committee, Commissioner and the persons
    
   
that will take the office as Chairman and Secretary
   
   
for said bodies.
   
         
For
For
6.- Approve the remuneration for the Members of the
  
Issuer
   
Board of Directors, Auditors Committee and the
    
   
Commissioner.
    
         
For
For
7.- Elect the delegates to execute and formalise the
 
Issuer
   
resolutions adopted by the meeting
   
         
For
For
8.- Amend the several Articles of the Company Bylaws
  
Issuer
         
For
For
9.- Elect delegates to execute and formalise the
   
   
resolutions adopted by the meeting
    
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
TV Azteca SA de CV
08-apr-04
1,380,200
MXP740471117
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Approve the Company documents kept concerning
  
Issuer
   
operations held in FY 2003
    
         
For
For
2.- Receive the presentation by the Company
 
Issuer
   
Commissioners concerning FY2003
    
         
For
For
3.- Approve the financial statements and general ledger
  
Issuer
   
for FY2003
    
         
For
For
4.- Approve the allocation of profits from FY2003
  
Issuer
         
For
For
5.- Approve the payment of a dividend of MXN 0.00707
  
Issuer
   
per "DA" share held and a dividend of MXN 0.00707
    
   
per "DL" share held
    
         
For
For
6.- Approve to reduce the Company capital by way of a
 
Issuer
   
cash reimbursement to shareholders.
   
         
For
For
7.- Approve the Company policy concerning the buying
  
Issuer
   
of own shares, and the determination of the maximum
    
   
amount of money to be usee to purchase own shares.
   
         
For
For
8.- Elect the members of the Administrative Council,
 
Issuer
   
as well the Secretary, and Commissioners
    
         
For
For
9.- Approve to determine the wages for the Counselors,
 
Issuer
   
Secretary, and Commissioners of the Company
    
         
For
For
10.- Other matters.
    
         
For
For
11.- Aprove the designation of the delegates of the
  
Issuer
   
meeting
    
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Corporacion GEO SA de CV
21-apr-04
186,800
MXP3142C1177
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Receive the Boards report and the auditing
  
Issuer
   
committe report for the FYE 31 DEC 2003
    
         
For
For
2.- Approve and modify the Company's financial
 
Issuer
   
statements
    
         
For
For
3.- Ratify the Boards performance.
  
Issuer
         
For
For
4.- Approve the allocation of profits
  
Issuer
         
For
For
5.- Ratify the Members of the Board, the secretary,
  
Issuer
   
and the Commissioners.
    
         
For
For
6.- Approve the settlement of the Boards, Secretary
 
Issuer
   
and Commissioners remuneration.
    
         
For
For
7.- Approve the maximum amount to acquire own shares
  
Issuer
         
For
For
8.- Approve the designation of special delegates to
 
Issuer
   
carry out the meetings resolutions
    
         
For
For
9.- Approve the minutes of the meeting
  
Issuer
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Grupo Modelo
19-apr-04
499,400
MXP4833F1044
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Amend the By-laws of the entities to comply with
  
Issuer
   
the current legislation
    
         
For
For
2.- Approve to inform of the Adminstration Board as of
  
Issuer
   
31 DEC 2003 including the financial statements, the
    
   
commissar's statement and the Auditor's Committee
   
   
report.
    
         
For
For
3.- Approve the application of earnings
  
Issuer
         
For
For
4.- Approve the compensation of the Memebers of the
  
Issuer
   
Board and others Officials.
    
         
For
For
5.- Approve the naming or ratification of the Members
  
Issuer
   
of the board as well as the other Officials.
    
         
For
For
6.- Approve the designation of the Memebers of the
 
Issuer
   
Executive Committee
    
         
For
For
7.- Approve the desgination of the Delegates.
 
Issuer
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Telefonos de Mexico S.A. de C.V
29-apr-04
234,800
MXP904131325
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Elect the Counselors for shares type "L"
  
Issuer
         
For
For
2.- Elect the Special Delegates to carry out the
 
Issuer
   
meeting resolutions.
   
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Industrias ICH
30-apr-04
184,800
MXP524131127
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Approve the Boards of Directors' report for the FYE
  
Issuer
   
31 DEC 2003, the Commissioner's report, de Auditors
    
   
Committee's report and the related resolutions of the
   
   
Board's performance.
    
         
For
For
2.- Approve to apply the earnings and set the amount of
 
Issuer
   
resources to acquire own shares.
   
         
For
For
3.- Approve to desginate the Members of the Boards,
 
Issuer
   
Controllers, Executive Committee and the Auditing
    
   
Committee and set their compensations.
   
         
For
For
4.- Authorized the designates to execute and formalized
  
Issuer
   
the resolutions adopted by the meeting
    
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Telefonos de Mexico S.A de C.V
21-apr-04
234,800
MXP904131325
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
For
For
1.- Approve the administration Board including the
  
Issuer
   
Commissar and the financial statements of the entity
    
   
as of 31 DEC 2003
    
         
For
For
2.- Approve the application of earnings and declare a cash
  
Issuer
   
dividend for MXN 0.68 per share paid in 4 equal exhibitions
    
   
of MXN 0.17 per share and the payment dates are:
    
   
18 Jun 2004; 17 Sep 2004; 16 Dec 2004 and 17 Mar 2003
    
         
For
For
3.- Ratify the exercise of activities carried out by the
  
Issuer
   
Administration Board as a result of one of the resolutions
    
   
approved in the meeting held on 12 NOV 2003
    
         
For
For
4.- Approve the designation and ratification of the
 
Issuer
   
Members of the Board as well as other officials
   
         
For
For
5.- Approve the designation of special delegates.
 
Issuer
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Grupo Televisa S.A
16-apr-04
612,300
MXP4987V1378
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
For
For
1.- Approve the Administration Board's inform for the
  
Issuer
   
year 2003 and the financial statements of the Entity
    
   
as of 31 DEC 2003 and the presentation of the
   
   
Commissar.
    
         
For
For
2.- Approve the presentation of the Auditor's Committee
  
Issuer
         
For
For
3.- Approve the application of earnings and declare a
   
   
dividend of MXN 3,850,000,000.00 for all outstanding
    
   
shares.
    
         
For
For
4.- Approve to determine the maximum amount to be
 
Issuer
   
used to repurchase shares.
    
         
For
For
5.- Receive the presentation on the policies and
 
Issuer
   
procedures followed on the repurchase of shares.
    
         
For
For
6.- Receive the presentation on the long term retention
  
Issuer
   
plan.
    
         
For
For
7.- Ratify the Members of the Board as well as other
  
Issuer
   
Officials.
    
         
For
For
8.- Ratify the Members of the Executive Board
  
Issuer
         
         
For
For
9.- Ratify the Members of the Auditing Committee.
 
Issuer
         
         
For
For
10.- Approve to determine the compensation of the
 
Issuer
   
officials elected in the previous points
    
         
         
For
For
11.- Approve the designation of the delegates.
 
Issuer
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Telefonos de Mexico S.A de C.V
20-Feb-04
869,900
MXP904131325
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Approve the proposal to increase the reserver
  
Issuer
   
to repurchase shares by MXN 12,000 million
   
         
For
For
2.- Approve the designation of special delegates.
 
Issuer
         
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Consorcio ARA SA de CV
22-Apr-04
288,100
MXP001161019
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
For
For
1.- Receive the annual inform of the Board, the financial
  
Issuer
   
statement as of 31 DEC 2003 and the Commissioner's
   
   
inform
    
         
For
For
2.- Approve the resolution on application of results
  
Issuer
         
For
For
3.- Approve the Auditors annual report
    
         
For
For
4.- Ratify or designate the Members of the Board
 
Issuer
   
including Advisors and other officials from other
   
   
Committees.
   
         
For
For
5.- Approve the resolution on the amount that can be
  
Issuer
   
designated to repurchase shares according to current
    
   
legislation.
   
         
For
For
6.- Approve the desgination of special delegates.
 
Issuer
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
America Telecom S,A. de C,V
27-Apr-04
761,800
MX01AM060000
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
For
For
1.- Approve the Board of Director's report for the FYE
  
Issuer
   
31 DEC 2003, in compliance with ART 172 of the
   
   
Commercial Companies Law, including the financial
    
   
statements and gthe Commissioner's report and the
    
   
Auditors Committee's report, and the report concerning
    
   
the Company's subsidiares, including the application
   
   
of the earnings
   
         
For
For
2.- Approve to the Management of the Board of Directors
  
Issuer
   
for the FY2003 and to designate members to compose
    
   
the Board of Directors, and to designate the Company's
    
   
Commissioners, senior and respective alternate and to
   
   
set their respective compensation.
    
         
For
For
3.- Approve to designate the memebers to compose
 
Issuer
   
the Company's Committees, and to set their respective
    
   
compensation.
    
         
For
For
4.- Approve the maximum amount of resources used to
  
Issuer
   
purchase own shares for the FY2004 and the general
    
   
resolutions related to the purchase of own shares.
   
         
For
For
5.- Approve to designate delegates to execute the
 
Issuer
   
resolutions adopted by the meeting and to formalized
    
   
resolutions.
   
         
         
         
Name of Fund:(1)
The Mexico Equity and Income Fund
      
Period:
July 1, 2003 - June 30, 2004
      
         
         
Company Name
Meeting Date
Shares Voted
CUSIP(2)
Ticker (2)
Industrias Penoles S.A de C.V
14-Apr-04
56,400
MXP554091415
  
         
Vote (3)
MRV (4)
Proposal (5)
  
Proposed by Issuer or Security Holder (6)
         
         
         
For
For
1.- Approve and modify the Company's report for FYE
  
Issuer
   
on 31 DEC 2003 in concordance with Art 172 of the law
    
   
including financial statements and Audited report.
    
         
For
For
2.- Approve the allocation of the profits
  
Issuer
         
For
For
3.- Elect the members of the Board, the Executive
 
Issuer
   
Commitee and also set their remunaration
   
         
For
For
4.- Approve to designate the Controllers and set their
  
Issuer
   
compensation.
   
         
For
For
5.- Apprvoe to desginate the delegates.
 
Issuer
         
         

 

 
     
 


SIGNATURES


Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


THE MEXICO EQUITY AND INCOME FUND, INC.
 

By (Signature and Title)* Gerald Hellerman, President
 


Date 8/26/04
 
* Print the name and title of each signing officer under his or her signature.