Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Purchases 100,000 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 100,000 shares of the firm’s stock in a transaction on Wednesday, April 22nd. The stock was purchased at an average price of $21.83 per share, for a total transaction of $2,183,000.00. Following the acquisition, the insider directly owned 1,884,830 shares in the company, valued at $41,145,838.90. This represents a 5.60% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

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

• On Tuesday, April 21st, Saba Capital Management, L.P. bought 3,505 shares of Mexico Fund stock. The stock was acquired at an average price of $21.86 per share, with a total value of $76,619.30.
• On Friday, April 17th, Saba Capital Management, L.P. acquired 179 shares of Mexico Fund stock. The shares were acquired at an average cost of $22.00 per share, with a total value of $3,938.00.
• On Wednesday, April 8th, Saba Capital Management, L.P. purchased 2,200 shares of Mexico Fund stock. The stock was bought at an average cost of $22.17 per share, with a total value of $48,774.00.
• On Monday, April 6th, Saba Capital Management, L.P. acquired 3,814 shares of Mexico Fund stock. The shares were bought at an average price of $21.23 per share, for a total transaction of $80,971.22.
• On Thursday, April 2nd, Saba Capital Management, L.P. bought 10,800 shares of Mexico Fund stock. The stock was bought at an average price of $21.28 per share, with a total value of $229,824.00.
• On Friday, March 20th, Saba Capital Management, L.P. purchased 2,871 shares of Mexico Fund stock. The shares were bought at an average price 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 stock was purchased at an average cost of $20.38 per share, with a total value of $101,900.00.
• On Friday, March 13th, Saba Capital Management, L.P. bought 2,600 shares of Mexico Fund stock. The shares were purchased 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. purchased 456 shares of Mexico Fund stock. The stock was purchased at an average cost of $20.35 per share, with a total value of $9,279.60.
• On Tuesday, March 10th, Saba Capital Management, L.P. purchased 1,005 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.94 per share, for a total transaction of $21,044.70.

Mexico Fund Trading Down 0.3%

Mexico Fund stock traded down $0.06 during mid-day trading on Thursday, hitting $21.60. The company’s stock had a trading volume of 41,679 shares, compared to its average volume of 66,706. The stock’s fifty day moving average is $21.51 and its two-hundred day moving average is $20.55. Mexico Fund, Inc. has a 1 year low of $15.21 and a 1 year high of $23.00.

Mexico Fund Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, April 30th. Investors of record on Wednesday, April 22nd will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 6.5%. The ex-dividend date is Wednesday, April 22nd.

Institutional Trading of Mexico Fund

Institutional investors have recently bought and sold shares of the business. Farther Finance Advisors LLC raised its stake in Mexico Fund by 775.3% during the 4th quarter. Farther Finance Advisors LLC now owns 1,348 shares of the investment management company’s stock valued at $27,000 after acquiring an additional 1,194 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its position in shares of Mexico Fund by 92.3% in the third quarter. Blue Bell Private Wealth Management LLC now owns 2,500 shares of the investment management company’s stock valued at $49,000 after purchasing an additional 1,200 shares during the last quarter. Alpine Global Management LLC acquired a new stake in shares of Mexico Fund during the third quarter valued at $265,000. Calamos Advisors LLC raised its holdings in Mexico Fund by 21.7% in the 3rd quarter. Calamos Advisors LLC now owns 14,201 shares of the investment management company’s stock valued at $280,000 after acquiring an additional 2,535 shares during the last quarter. Finally, Scotia Capital Inc. increased its stake in shares of Mexico Fund by 127.8% during the 3rd quarter. Scotia Capital Inc. now owns 25,381 shares of the investment management company’s stock valued at $500,000 after acquiring an additional 14,241 shares during the last quarter.

Mexico Fund Company Profile

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.