The Mexico Fund, Inc. Declares Distribution

WASHINGTON, DC--(Marketwired - Dec 5, 2016) - The Mexico Fund, Inc. (NYSE: MXF) announced that the Board of Directors (Board) declared a distribution of $0.1415 per share to stockholders of record on January 6, 2017, which is payable in cash on January 17, 2017. This distribution is the last corresponding to the fiscal year 2016.

Under the Fund's Managed Distribution Plan (MDP), the Fund pays quarterly distributions at an annual rate of 3% of the Fund's net asset value (NAV) per share recorded on the last business day of the previous calendar year. The Board has ratified the continuation of the Fund's MDP during fiscal year 2017 at the annual rate of 3%, with distributions to be based on the Fund's NAV per share as of December 31, 2016. The first distribution corresponding to fiscal 2017 is expected to be made during April 2017. The Board may amend or terminate the MDP at any time without prior notice to stockholders. Since the implementation of the MDP in September 2008, the Fund has paid a total of $21.64 per share in cash distributions to stockholders.

The amount of distributable income for each fiscal period depends on the aggregate gains and losses realized by the Fund during the entire year. Distributions may consist of net investment income, capital gains and return of capital, but the character of these distributions cannot be determined until after the end of the Fund's fiscal year.

However, under the Investment Company Act of 1940, the Fund is required to indicate the source of each distribution to stockholders. The following table sets forth (A) an estimate of the source of the January 2017 distribution and (B) an estimate of the source of distributions for the current fiscal year:

Distribution Estimates	January 2017		Fiscal Year-to-date (YTD)1
Source	Per Share Amount	Percent of Current Distribution	Per Share Amount	Percent of Fiscal Year Distributions
Net Investment Income	-	-	-	-
Net Realized Short-Term Capital Gains	-	-	-	-
Net Realized Long-Term Capital Gains	-	-	-	-
Return of Capital	$0.1415	100.00%	$0.1415	100.00%
Total Distribution	$0.1415	100.00%	$0.1415	100.00%

Information regarding the Fund's performance and distribution rates is set forth below: