No Thanks On SWZ Rights Offering
Source: SeekingAlpha
2025-11-28 14:17:50 ET
A number of people have asked me about the Total Return Securities ( SWZ ) rights offering. No, I do not anticipate subscribing. This rights offering looks extremely detrimental to ordinary shareholders. The only party that appears to benefit from subscriptions is the Advisor—via higher Assets Under Management (“AUM”) Fees. Shareholders looking at their own situation may notice the Board has put out terms to issue so much new stock that would destroy roughly 7.5% of per-share NAV. The fund has not even generated this magnitude of returns over the last year on an NAV or market basis....
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No Thanks On SWZ Rights Offering
Mexico Equity and Income Fund Inc.
NASDAQ: MXE
MXE Trading
4.72% G/L:
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$12.50 Open:
