0001145549-19-038328.txt : 20191011 0001145549-19-038328.hdr.sgml : 20191011 20191011124732 ACCESSION NUMBER: 0001145549-19-038328 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190731 FILED AS OF DATE: 20191011 DATE AS OF CHANGE: 20191011 EFFECTIVENESS DATE: 20191011 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: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-06111 FILM NUMBER: 191147671 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: 4147654499 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 N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0000863900 XXXXXXXX false false false N-2 Mexico Equity & Income Fund Inc 811-06111 0000863900 549300Q0OD8MQEFTBY23 615 E. Michigan St. Milwaukee 53202 US-WI US 8777850376 U.S. Bancorp Fund Services LLC 615 E. Michigan St. Milwaukee 53202 8336121912 Maintain physical/electronic accounts/books or any document required by section 31(a) of the Act (15 U.S.C. 80a-30(a)) and the rules under that section. U.S. Bank, N.A 1555 North River Center Drive Suite 302 Milwaukee 53212 8336121912 Custody Data Blank Rome, LLP. 1271 Avenue of the Americas New York 10020 2128855000 Legal Data Tait, Weller & Baker LLP Two Liberty Place 50 S. 16th St., Suite 2900 Philadelphia 19102 2159798800 Audit data N N N N-2 Y Gerald Hellerman N/A Y Richard Abraham N/A N Phillip Goldstein 005711842 N Glenn Goodstein N/A N Rajeev Das 002265104 N Gerald Hellerman N/A 615 E. Michigan St. Milwaukee 53202 XXXXXX N N N N N N N Tait, Weller & Baker LLP 00445 N/A N N N N N N Mexico Equity and Income Fund 549300Q0OD8MQEFTBY23 N N/A Y N N N N/A N/A N/A Rule 23c-1 (17 CFR 270.23c-1) Rule 32a-4 (17 CFR 270.32a-4) N N N N Pichardo Asset Management, S.A. de C.V. 801-62108 000126683 N/A MX N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 Y N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N Scotiabank Casa de Bolsa N/A N/A 5493001DQYQ5GT8RL036 MX 34433.000000000000 Citibanamex Casa de Bolsa, S.A de CV N/A N/A 549300DU66GWKF0AZQ89 MX 19858.000000000000 Credit Suisse Casa de Bolsa N/A N/A 549300GHBA3BDTNBB539 MX 51302.000000000000 Casa de Bolsa Bancomer S.A. N/A N/A 549300HUQGP330HMFS40 MX 25354.000000000000 J.P. Morgan Mexico N/A N/A 5493005A07Y8JFPJE270 MX 26638.000000000000 Casa de Bolsa Santander S.A. de C.V. N/A N/A 254900OL0QYXFX24XC48 MX 40891.000000000000 Grupo Bursatil Mexicano N/A N/A 549300NV1Y88Z56VSC97 MX 18585.000000000000 UBS Mexico Casa de Bolsa N/A N/A 4469000001BIQ4RVIN75 MX 9767.000000000000 Acciones y Valores Banamex N/A N/A 549300DU66GWKF0AZQ89 MX 20445.000000000000 Casa de Bolsa Banorte, S.A. de CV N/A N/A 5493002C56S2RYRKJ580 MX 11910.000000000000 259183.000000000000 Scotiabank Casa de Bolsa N/A N/A 5493001DQYQ5GT8RL036 MX 99048386.000000000000 99048386.000000000000 N 73072492.000000000000 Common stock Mexico Equity and Income Fund, Inc. N N Common stock N N N 1.140000000000 2.090000000000 10.330000000000 11.030000000000 true INTERNAL CONTROL RPT 2 internalcontrolrpt.htm INTERNAL CONTROL REPORT

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Shareholders and Board of Directors

The Mexico Equity and Income Fund, Inc.

New York, New York

In planning and performing our audits of the financial statements of The Mexico Equity and Income Fund, Inc., (the “Fund”), as of and for the year ended July 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be material weaknesses as defined above as of July 31, 2019.

This report is intended solely for the information and use of management, the Board of Directors 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.

/s/ Tait, Weller & Baker LLP

TAIT, WELLER & BAKER LLP

Philadelphia, Pennsylvania

September 20, 2019