-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, MGpSbU8tULZX9sDw4HHpCREohQ1tSj91UhBu9EHEnZGXcFZdCwq2OI2lBrXtlRFS Pb17xyjyqNRnJCEiqQiJtA== 0000894189-04-002008.txt : 20040929 0000894189-04-002008.hdr.sgml : 20040929 20040929171231 ACCESSION NUMBER: 0000894189-04-002008 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040731 FILED AS OF DATE: 20040929 DATE AS OF CHANGE: 20040929 EFFECTIVENESS DATE: 20040929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MEXICO EQUITY & INCOME FUND INC CENTRAL INDEX KEY: 0000863900 IRS NUMBER: 133576061 STATE OF INCORPORATION: MD FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-06111 FILM NUMBER: 041053444 BUSINESS ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES, LLC STREET 2: 615 EAST MICHIGAN STREET, LC-2 CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 4147655307 MAIL ADDRESS: STREET 1: U.S. BANCORP FUND SERVICES, LLC STREET 2: 615 EAST MICHIGAN STREET, LC-2 CITY: MILWAUKEE STATE: WI ZIP: 53202 FORMER COMPANY: FORMER CONFORMED NAME: MEXICO CONVERTIBLE ADVANTAGE FUND INC DATE OF NAME CHANGE: 19900807 FORMER COMPANY: FORMER CONFORMED NAME: MEXICO ADVANTAGE FUND INC DATE OF NAME CHANGE: 19900805 NSAR-B 1 mexequity.fil ANNUAL REPORT FOR MANAGEMENT COMPANIES PAGE 1 000 B000000 07/31/2004 000 C000000 0000863900 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 MEXICO EQUITY AND INCOME FUND, INC. 001 B000000 811-06111 001 C000000 4147655307 002 A000000 615 EAST MICHIGAN STREET 002 B000000 MILWAUKEE 002 C000000 WI 002 D010000 53202 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 PICHARDO ASSET MANAGEMENT, S.A. 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B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 087 A010000 THE MEXICO EQUITY AND INCOME FUND, INC. 087 A020000 592834105 087 A030000 MXE 088 A000000 N 088 B000000 N 088 C000000 N 088 D000000 N SIGNATURE GERALD HELLERMAN TITLE PRESIDENT EX-99.77B ACCT LTTR 2 item77b.htm INTERNAL CONTROL LETTER Internal Control Letter
 
Item 77B


REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
ON INTERNAL CONTROL


Board of Directors and Shareholders
The Mexico Equity and Income Fund, Inc.
New York, New York


In planning and performing our audit of the financial statements of The Mexico Equity and Income Fund, Inc. for the year ended July 31, 2004, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control.

The management of the Fund is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity’s objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States of America. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition.

Because of inherent limitations in any internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of the internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate.

Our consideration of the internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses, as define d above, as of July 31, 2004.

This report is intended solely for the information and use of management and the Board of Directors and Shareholders of The Mexico Equity and Income Fund, Inc. and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.





Philadelphia, Pennsylvania
September 17, 2004
 EX-99.77C VOTES 3 item77c.htm VOTES Votes

The Mexico Equity and Income Fund, Inc.

Form N-SAR Report for the Period Ended 7/31/04



Item 77-C (1)

Results of Annual Stockholders Meeting

The Fund’s Annual Stockholders meeting was held on November 19, 2003, at 405 Lexington Avenue, New York, New York 10174. As of October 9, 2003, the record date, outstanding shares of common stock ("shares") of the Fund were 2,473,504. Holders of 2,137,626 shares of the Fund were present at the meeting either in person or by proxy. These holders, as being holders of a majority of the outstanding shares of the Fund, constituted a quorum. The stockholders voted on three proposals.

The stockholders approved a new Investment Advisory agreement between Pichardo Asset Management, S.A. de C.V. and the Fund, elected two Directors to the Board of Directors and ratified the selection of Tait, Weller & Baker as the Fund’s independent auditor for the fiscal year ending July 31, 2004.

The following table provides information concerning the matters voted on at the meeting:

I.   Approval of the new Investment Advisory Agreement between Pichardo Asset Management, S.A. de C.V. and the Fund
 

 Votes For

 Votes Against

   Votes Abstained

 Broker Non-Votes

 2,055,371

 49,478

  32,777

 0

                                            
II.   Election of Directors
 

 Nominee

 Votes For

 Votes Withheld

 Rajeev Das

 2,079,469

 58,157

 Andrew Dakos

 2,082,868

 54,758

                                                                   

III.   Ratification of the selection of Tait, Weller, & Baker as the Fund’s independent auditor
 

 Votes For

  Votes Against

  Votes Abstained

 Broker Non-Votes

 2,073,339

 30,379

 33,908

 0

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