<SEC-DOCUMENT>0001145549-24-063927.txt : 20241015
<SEC-HEADER>0001145549-24-063927.hdr.sgml : 20241015
<ACCEPTANCE-DATETIME>20241015143357
ACCESSION NUMBER:		0001145549-24-063927
CONFORMED SUBMISSION TYPE:	N-CEN
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20240731
FILED AS OF DATE:		20241015
DATE AS OF CHANGE:		20241015
EFFECTIVENESS DATE:		20241015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MEXICO EQUITY & INCOME FUND INC
		CENTRAL INDEX KEY:			0000863900
		ORGANIZATION NAME:           	
		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:		241371374

	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
</SEC-HEADER>
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<TYPE>INTERNAL CONTROL RPT
<SEQUENCE>2
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<DESCRIPTION>INTERNAL CONTROL LETTER
<TEXT>
<html>
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    <title></title>
    <!-- Licensed to: U.S. Bank
         Document created using Broadridge PROfile 24.8.1.5246
         Copyright 1995 - 2024 Broadridge -->
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<body style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; text-align: left; color: #000000;" bgcolor="#ffffff">
  <br>
  <div>
    <div><br>
    </div>
    <div style="text-align: center; font-weight: bold;">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify; font-weight: bold;">Shareholders and Board of Directors</div>
    <div style="text-align: justify; font-weight: bold;">The Mexico Equity and Income Fund, Inc.</div>
    <div style="text-align: justify; font-weight: bold;">New York, New York</div>
    <div><br>
    </div>
    <div><br>
    </div>
    <div style="text-align: justify;">In planning and performing our audits of the financial statements of The Mexico Equity and Income Fund, Inc., (the &#8220;Fund&#8221;), as of and for the year ended July 31, 2024, in accordance with the standards of the Public
      Company Accounting Oversight Board (United States), we considered the Fund&#8217;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&#8217;s internal control over financial reporting.&#160; Accordingly, we express no such
      opinion.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting.&#160; In fulfilling this responsibility, estimates and judgments by management are required to
      assess the expected benefits and related costs of controls.&#160; A company&#8217;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.&#160; A company&#8217;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&#8217;s assets that could have a material effect on the financial statements.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">Because of inherent limitations, internal control over financial reporting may not prevent or detect misstatements.&#160; 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.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">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.&#160; 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&#8217;s
      annual or interim financial statements will not be prevented or detected on a timely basis.</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" class="BRPFPageBreakArea">
      <div style="page-break-after: always;" class="BRPFPageBreak">
        <hr style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;" noshade="noshade"></div>
    </div>
    <div style="text-align: justify;">
      <div style="font-weight: bold;">Shareholders and Board of Directors</div>
      <div style="font-weight: bold;">The Mexico Equity and Income Fund, Inc.</div>
      <div style="font-weight: bold;">Page Two</div>
    </div>
    <div style="text-align: justify;"> <br>
    </div>
    <div style="text-align: justify;">Our consideration of the Fund&#8217;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).&#160; However, we noted no deficiencies in the Fund&#8217;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, 2024.</div>
    <div><br>
    </div>
    <div style="text-align: justify;">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.</div>
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      <div style="text-align: justify; text-indent: 258pt; font-weight: bold;">&#160;/s/ TAIT, WELLER &amp; BAKER LLP</div>
    </div>
    <div style="text-align: justify; text-indent: 258pt; font-weight: bold;">&#160;&#160;&#160;&#160;&#160; TAIT, WELLER &amp; BAKER LLP</div>
    <div style="text-align: justify; font-weight: bold;">Philadelphia, Pennsylvania</div>
    <div style="text-align: justify; font-weight: bold;">September 27, 2024</div>
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