NYMAGIC reports Q1 net income of $3.5mln, up from $(29.7)mln YoY.

• NYMAGIC reports Q1 net income of $3.5mln, up from $29.7mln net loss in Q1 2008. • Net investment income increased to $6.6mln from $(13.0)mln in Q1 2008. • Book value per share rose to $19.91 from $19.11 at Dec 31, 2008. • Digital data not mentioned in the article.

The Mexico Fund (NYSE: MXF) has announced a significant 13.6% increase in its quarterly distribution, raising it from $0.22 to $0.25 per share. This represents a 6.0% annualized distribution rate based on the fund's market price as of May 31, 2025 [1].

The distribution composition reveals important insights about the fund's performance. Of the $0.25 per share distribution, $0.1690 (67.57%) comes from net investment income – a healthy sign indicating the fund is generating substantial income from its underlying investments. The remaining portions include $0.0147 (5.88%) from short-term capital gains, $0.0275 (11.02%) from long-term capital gains, and $0.0388 (15.53%) categorized as return of capital [1].

The fund's performance metrics are particularly impressive, with an average annual total return of 18.53% for the 5-year period ended May 31, 2025. The current fiscal year (beginning November 1, 2024) has already delivered a cumulative total return of 19.44% through May 31, 2025 [1].

This distribution increase marks another milestone in the fund's Managed Distribution Plan (MDP), which has delivered total cash distributions of $27.48 per share since its implementation in September 2008. The new distribution will be payable on July 30, 2025, to stockholders of record as of July 22, 2025 [1].

References:
[1] https://www.stocktitan.net/news/MXF/the-mexico-fund-inc-declares-ebcsbgawg2wl.html