Mexico Fund (NYSE:MXF) Major Shareholder Acquires $48,774.00 in Stock

Key Points

• Saba Capital Management, L.P. bought 2,200 shares of Mexico Fund on April 8 at $22.17 ($48,774), bringing its holding to about 1,781,146 shares (≈$39.49M), a 0.12% increase in ownership.
• Saba has been steadily accumulating MXF shares since late January with multiple purchases — notably 32,126 shares on February 13 for $728,938.94 — signaling continued insider buying activity.
• MXF traded at $22.21 (down 0.2%) and the fund declared a quarterly dividend of $0.35 (annualized $1.40), implying a 6.3% yield; the ex-dividend date is April 22 and payment is April 30.

Mexico Fund, Inc. (The) (NYSE:MXF - Get Free Report) major shareholder Saba Capital Management, L.P. bought 2,200 shares of Mexico Fund stock in a transaction dated Wednesday, April 8th. The stock was purchased at an average price of $22.17 per share, with a total value of $48,774.00. Following the purchase, the insider owned 1,781,146 shares in the company, valued at approximately $39,488,006.82. This represents a 0.12% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more 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 Monday, April 6th, Saba Capital Management, L.P. purchased 3,814 shares of Mexico Fund stock. The shares were bought at an average price of $21.23 per share, with a total value of $80,971.22.
• On Thursday, April 2nd, Saba Capital Management, L.P. acquired 10,800 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.28 per share, for a total transaction of $229,824.00.
• On Friday, March 20th, Saba Capital Management, L.P. acquired 2,871 shares of Mexico Fund stock. The shares were acquired at an average cost of $19.83 per share, for a total transaction of $56,931.93.
• On Wednesday, March 18th, Saba Capital Management, L.P. acquired 5,000 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.38 per share, for a total transaction of $101,900.00.
• On Friday, March 13th, Saba Capital Management, L.P. acquired 2,600 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.21 per share, for a total transaction of $52,546.00.
• On Thursday, March 12th, Saba Capital Management, L.P. acquired 456 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.35 per share, for a total transaction of $9,279.60.
• On Tuesday, March 10th, Saba Capital Management, L.P. acquired 1,005 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.94 per share, for a total transaction of $21,044.70.
• On Thursday, March 5th, Saba Capital Management, L.P. purchased 4,480 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.34 per share, for a total transaction of $95,603.20.
• On Friday, February 13th, Saba Capital Management, L.P. purchased 32,126 shares of Mexico Fund stock. The stock was purchased at an average cost of $22.69 per share, for a total transaction of $728,938.94.
• On Thursday, January 29th, Saba Capital Management, L.P. purchased 3,115 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.97 per share, for a total transaction of $68,436.55.

Mexico Fund Trading Down 0.2%

Shares of Mexico Fund stock traded down $0.04 on Thursday, reaching $22.21. The stock had a trading volume of 23,708 shares, compared to its average volume of 67,863. Mexico Fund, Inc. has a 1 year low of $13.51 and a 1 year high of $23.00. The business's 50 day moving average is $21.54 and its two-hundred day moving average is $20.36.

Mexico Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd will be given a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Wednesday, April 22nd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC lifted its position in Mexico Fund by 775.3% during the fourth quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company's stock valued at $27,000 after buying an additional 1,194 shares during the period. Blue Bell Private Wealth Management LLC raised its position in shares of Mexico Fund by 92.3% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company's stock worth $49,000 after purchasing an additional 1,200 shares during the last quarter. Alpine Global Management LLC purchased a new position in shares of Mexico Fund in the 3rd quarter worth about $265,000. Calamos Advisors LLC raised its position in shares of Mexico Fund by 21.7% in the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company's stock worth $280,000 after purchasing an additional 2,535 shares during the last quarter. Finally, Scotia Capital Inc. raised its position in shares of Mexico Fund by 127.8% in the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company's stock worth $500,000 after purchasing an additional 14,241 shares during the last quarter.

About Mexico Fund

The Mexico Fund, Inc NYSE: MXF is a closed-end management investment company that seeks long-term capital appreciation through exposure to Mexican securities. The fund primarily invests in equity instruments of companies organized or principally operating in Mexico, spanning a range of sectors such as financial services, consumer goods, industrials and energy. It may also allocate portions of its portfolio to fixed-income securities, including government and corporate bonds, when attractive opportunities arise.

Launched in 1991 and incorporated under Maryland law, The Mexico Fund offers U.S.

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