Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Acquires 2,200 Shares of Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. bought 2,200 shares of the stock in a transaction dated Wednesday, April 8th. The stock was bought at an average price of $22.17 per share, with a total value of $48,774.00. Following the acquisition, 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 position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more 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 Monday, April 6th, Saba Capital Management, L.P. bought 3,814 shares of Mexico Fund stock. The stock was 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. 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. bought 2,871 shares of Mexico Fund stock. The stock was bought at an average price of $19.83 per share, with a total value of $56,931.93.
• On Wednesday, March 18th, Saba Capital Management, L.P. bought 5,000 shares of Mexico Fund stock. The stock was bought at an average price 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 stock was bought at an average price of $20.21 per share, with a total value of $52,546.00.
• On Thursday, March 12th, Saba Capital Management, L.P. bought 456 shares of Mexico Fund stock. The stock was bought at an average price of $20.35 per share, with a total value of $9,279.60.
• On Tuesday, March 10th, Saba Capital Management, L.P. bought 1,005 shares of Mexico Fund stock. The stock was bought at an average price of $20.94 per share, with a total value of $21,044.70.
• On Thursday, March 5th, Saba Capital Management, L.P. bought 4,480 shares of Mexico Fund stock. The stock was bought at an average price of $21.34 per share, with a total value of $95,603.20.
• On Friday, February 13th, Saba Capital Management, L.P. bought 32,126 shares of Mexico Fund stock. The stock was bought at an average price of $22.69 per share, with a total value of $728,938.94.
• On Thursday, January 29th, Saba Capital Management, L.P. purchased 3,115 shares of Mexico Fund stock. The shares were acquired at an average price of $21.97 per share, with a total value of $68,436.55.

Mexico Fund Trading Down 0.2%

Shares of NYSE:MXF opened at $22.21 on Friday. The firm has a fifty day moving average price of $21.54 and a 200 day moving average price of $20.38. Mexico Fund, Inc. has a 1-year low of $13.51 and a 1-year high of $23.00.

Mexico Fund Dividend Announcement

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

Institutional Trading of Mexico Fund

Large investors have recently bought and sold shares of the business. North Ground Capital acquired a new stake in Mexico Fund during the 3rd quarter worth $608,000. Blue Bell Private Wealth Management LLC boosted its stake in Mexico Fund by 92.3% during 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 period. Calamos Advisors LLC boosted its stake in Mexico Fund by 21.7% during 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 period. Quantedge Capital Pte Ltd boosted its stake in Mexico Fund by 3.7% during the 2nd quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after purchasing an additional 4,650 shares during the period. Finally, Sit Investment Associates Inc. boosted its stake in Mexico Fund by 144.8% during the 4th quarter. Sit Investment Associates Inc. now owns 49,669 shares of the investment management company’s stock worth $1,000,000 after purchasing an additional 29,377 shares during the period.

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.