Mexico Fund (NYSE:MXF) Major Shareholder Purchases 834 Shares of Company Stock

Key Points

• Saba Capital Management acquired 834 Mexico Fund shares at $20.74 each, increasing its position by 0.04% to 2,343,069 shares valued at approximately $48.6 million.
• Saba has made several additional purchases recently, including 28,464 shares on September 23, continuing a broader pattern of buying in MXF.
• MXF traded near $20.72 and recently announced a quarterly dividend of $0.35 per share, equivalent to an annualized $1.40 payout and a 6.8% yield.

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. acquired 834 shares of the business's stock in a transaction that occurred on Friday, September 25th. The stock was acquired at an average cost of $20.74 per share, with a total value of $17,297.16. Following the completion of the acquisition, the insider owned 2,343,069 shares in the company, valued at $48,595,251.06. This trade represents a 0.04% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, September 24th, Saba Capital Management, L.P. acquired 1,049 shares of Mexico Fund stock. The shares were bought at an average price of $20.69 per share, for a total transaction of $21,703.81.
• On Wednesday, September 23rd, Saba Capital Management, L.P. bought 28,464 shares of Mexico Fund stock. The stock was bought at an average price of $21.02 per share, with a total value of $598,313.28.
• On Tuesday, September 22nd, Saba Capital Management, L.P. bought 110 shares of Mexico Fund stock. The shares were bought at an average cost of $20.90 per share, with a total value of $2,299.00.
• On Monday, September 21st, Saba Capital Management, L.P. purchased 2,034 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.03 per share, for a total transaction of $42,775.02.
• On Wednesday, September 16th, Saba Capital Management, L.P. bought 6,403 shares of Mexico Fund stock. The stock was purchased at an average price of $20.63 per share, for a total transaction of $132,093.89.
• On Tuesday, September 15th, Saba Capital Management, L.P. purchased 459 shares of Mexico Fund stock. The shares were purchased at an average price of $20.89 per share, with a total value of $9,588.51.
• On Thursday, August 13th, Saba Capital Management, L.P. bought 2,952 shares of Mexico Fund stock. The shares were acquired at an average price of $21.41 per share, with a total value of $63,202.32.
• On Tuesday, August 4th, Saba Capital Management, L.P. purchased 9,362 shares of Mexico Fund stock. The shares were acquired at an average price of $22.19 per share, with a total value of $207,742.78.
• On Wednesday, July 29th, Saba Capital Management, L.P. acquired 3,077 shares of Mexico Fund stock. The stock was bought at an average price of $21.34 per share, for a total transaction of $65,663.18.
• On Tuesday, July 28th, Saba Capital Management, L.P. bought 2,608 shares of Mexico Fund stock. The stock was bought at an average cost of $21.56 per share, for a total transaction of $56,228.48.

Mexico Fund Price Performance

MXF stock traded up $0.01 during midday trading on Monday, reaching $20.72. The company had a trading volume of 14,854 shares, compared to its average volume of 52,147. Mexico Fund, Inc. has a 1 year low of $18.30 and a 1 year high of $23.00. The firm has a 50-day moving average price of $21.51 and a 200-day moving average price of $21.51.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 29th. Investors of record on Wednesday, October 21st will be given a $0.35 dividend. The ex-dividend date is Wednesday, October 21st. This represents a $1.40 annualized dividend and a yield of 6.8%.

Institutional Trading of Mexico Fund

Hedge funds have recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Mexico Fund during the second quarter worth approximately $33,000. Susquehanna International Group LLP purchased a new position in Mexico Fund in the 2nd quarter worth $215,000. Evolve Private Wealth LLC bought a new stake in Mexico Fund in the second quarter worth $278,000. Calamos Advisors LLC boosted its position in Mexico Fund by 13.5% during the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company's stock valued at $446,000 after buying an additional 2,535 shares during the period. Finally, Hudson Portfolio Management LLC bought a new position in shares of Mexico Fund during the second quarter valued at about $784,000.

About Mexico Fund

Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.

The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico's economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.

Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.

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