Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 9,633 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 9,633 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was bought at an average price of $22.24 per share, with a total value of $214,237.92. Following the acquisition, the insider directly owned 2,101,430 shares in the company, valued at $46,735,803.20. This represents a 0.46% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own more than 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 Monday, June 1st, Saba Capital Management, L.P. bought 708 shares of Mexico Fund stock. The shares were bought at an average price of $21.90 per share, for a total transaction of $15,505.20.
• On Friday, May 29th, Saba Capital Management, L.P. purchased 18,466 shares of Mexico Fund stock. The shares were purchased at an average cost of $22.17 per share, for a total transaction of $409,391.22.
• On Thursday, May 28th, Saba Capital Management, L.P. purchased 6,700 shares of Mexico Fund stock. The shares were acquired at an average price of $22.16 per share, with a total value of $148,472.00.
• On Wednesday, May 27th, Saba Capital Management, L.P. bought 44,608 shares of Mexico Fund stock. The shares were acquired at an average price of $22.27 per share, with a total value of $993,420.16.
• On Tuesday, May 26th, Saba Capital Management, L.P. acquired 14,402 shares of Mexico Fund stock. The shares were bought at an average cost of $21.99 per share, with a total value of $316,699.98.
• On Thursday, May 21st, Saba Capital Management, L.P. bought 7,166 shares of Mexico Fund stock. The shares were bought at an average cost of $21.67 per share, with a total value of $155,287.22.
• On Wednesday, May 20th, Saba Capital Management, L.P. purchased 4,610 shares of Mexico Fund stock. The stock was bought at an average cost of $21.68 per share, for a total transaction of $99,944.80.
• On Tuesday, May 19th, Saba Capital Management, L.P. acquired 22,914 shares of Mexico Fund stock. The shares were bought at an average price of $21.58 per share, with a total value of $494,484.12.
• On Monday, May 18th, Saba Capital Management, L.P. acquired 18,586 shares of Mexico Fund stock. The shares were bought at an average price of $21.59 per share, with a total value of $401,271.74.
• On Friday, May 15th, Saba Capital Management, L.P. acquired 8,334 shares of Mexico Fund stock. The shares were purchased at an average price of $22.00 per share, with a total value of $183,348.00.

Mexico Fund Stock Down 0.4%

Mexico Fund stock opened at $22.15 on Thursday. Mexico Fund, Inc. has a 12 month low of $16.43 and a 12 month high of $23.00. The stock’s 50 day moving average is $21.62 and its 200-day moving average is $21.09.

Mexico Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 30th. Shareholders of record on Wednesday, April 22nd were given a dividend of $0.35 per share. The ex-dividend date was Wednesday, April 22nd. This represents a $1.40 annualized dividend and a yield of 6.3%.

Institutional Investors Weigh In On Mexico Fund

Institutional investors have recently modified their holdings of the business. Uhlmann Price Securities LLC raised its stake in Mexico Fund by 1.0% in the fourth quarter. Uhlmann Price Securities LLC now owns 105,141 shares of the investment management company’s stock valued at $2,118,000 after purchasing an additional 1,074 shares in the last quarter. 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 worth $27,000 after purchasing an additional 1,194 shares during the period. Calamos Advisors LLC grew its stake 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 worth $446,000 after buying an additional 2,535 shares in the last quarter. Blue Bell Private Wealth Management LLC increased its holdings in Mexico Fund by 109.4% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 5,235 shares of the investment management company’s stock valued at $105,000 after buying an additional 2,735 shares during the period. Finally, Alpine Global Management LLC bought a new position in Mexico Fund in the 3rd quarter valued at about $265,000.

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.