0001145549-21-060317.txt : 20211014 0001145549-21-060317.hdr.sgml : 20211014 20211014100029 ACCESSION NUMBER: 0001145549-21-060317 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210731 FILED AS OF DATE: 20211014 DATE AS OF CHANGE: 20211014 EFFECTIVENESS DATE: 20211014 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: 211322629 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 X0404 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 Transfer agency, fund accounting, and fund administration data U.S. Bank, N.A 1555 North River Center Drive Suite 302 Milwaukee 53212 8336121912 Custody Data N N N N-2 Y Gerald Hellerman N/A N Rajeev Das 002265104 N Richard Abraham N/A N Phillip Goldstein 005711842 N Glenn Goodstein N/A N Stephanie Darling N/A 615 E. Michigan St. Milwaukee 53202 XXXXXX Y 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 12d1-1 (17 CFR 270.12d1-1) 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 N/A N 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)) Banco Nacional de Mexico S.A. (Banamex) 2SFFM4FUIE05S37WFU55 MX N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N N U.S. Bancorp Fund Services, LLC 85-11357 N N N Credit Suisse Casa De Bolsa N/A N/A 549300GHBA3BDTNBB539 MX 13702.000000000000 J.P. Morgan Mexico N/A N/A 5493005A07Y8JFPJE270 MX 9782.000000000000 Casa de Bolsa Bancomer S.A. de C.V. N/A N/A 549300HUQGP330HMFS40 MX 9546.000000000000 Grupo Bursatil Mexicano N/A N/A 549300NV1Y88Z56VSC97 MX 8161.000000000000 Casa de Bolsa Santander S.A. de C.V. N/A N/A 254900OL0QYXFX24XC48 MX 6461.000000000000 Grupo Financiero Banorte N/A N/A 5493002C56S2RYRKJ580 MX 6459.000000000000 Scotia Inverlat Casa de Bolsa N/A N/A 5493001DQYQ5GT8RL036 MX 4891.000000000000 Santander Brazil SA N/A N/A 549300D1H731B30TSI43 BR 4235.000000000000 UBS Mexico Casa de Bolsa N/A N/A 4469000001BIQ4RVIN75 MX 2566.000000000000 65803.000000000000 Scotiabank Casa de Bolsa N/A N/A 5493001DQYQ5GT8RL036 MX 15107631.000000000000 15107631.000000000000 N 20947023.000000000000 N Common stock Mexico Equity and Income Fund, Inc. N N N N N N 1.060000000000 3.890000000000 12.370000000000 14.430000000000 true INTERNAL CONTROL RPT 2 internalcontrolrpt.htm MEXICO

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, 2021, 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, 2021. 

  

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 29, 2021