Saba Capital Management L.P. Purchases 73,032 Shares of Mexico Fund, Inc. (The) $MXF

Saba Capital Management L.P. raised its holdings in Mexico Fund, Inc. (The) (NYSE:MXF) by 4.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,764,332 shares of the investment management company’s stock after acquiring an additional 73,032 shares during the period. Mexico Fund comprises about 1.0% of Saba Capital Management L.P.’s investment portfolio, making the stock its 13th largest holding. Saba Capital Management L.P. owned about 0.12% of Mexico Fund worth $36,927,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its holdings in shares of Mexico Fund by 2.9% in the first quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after purchasing an additional 27,983 shares in the last quarter. Calamos Advisors LLC boosted its holdings in shares of Mexico Fund by 13.5% in the 1st 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 last quarter. Altium Capital Management LLC lifted its stake in Mexico Fund by 165.5% in the first quarter. Altium Capital Management LLC now owns 128,185 shares of the investment management company’s stock valued at $2,683,000 after acquiring an additional 79,898 shares during the last quarter. Uhlmann Price Securities LLC lifted its stake in Mexico Fund by 1.9% in the 1st quarter. Uhlmann Price Securities LLC now owns 107,154 shares of the investment management company’s stock valued at $2,243,000 after purchasing an additional 2,013 shares during the last quarter. Finally, Alpine Global Management LLC boosted its stake in shares of Mexico Fund by 356.7% during the 4th quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock worth $1,237,000 after acquiring an additional 47,979 shares during the period.

Mexico Fund Trading Up 1.1%

Shares of NYSE MXF opened at $21.43 on Tuesday. The business’s 50 day moving average is $21.74 and its 200-day moving average is $21.60. Mexico Fund, Inc. has a 1-year low of $17.22 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, July 30th. Investors of record on Wednesday, July 22nd will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Wednesday, July 22nd.

Insider Activity at Mexico Fund

In other Mexico Fund news, major shareholder Saba Capital Management, L.P. purchased 44,608 shares of the company’s stock in a transaction dated Wednesday, May 27th. The stock was bought at an average cost of $22.27 per share, for a total transaction of $993,420.16. Following the completion of the transaction, the insider owned 2,065,923 shares in the company, valued at approximately $46,008,105.21. This represents a 2.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have purchased 377,654 shares of company stock worth $8,278,949 over the last quarter. 2.69% of the stock is currently owned by company insiders.

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.