Mexico Fund (NYSE:MXF) Major Shareholder Purchases $25,242.82 in Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 1,238 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was purchased at an average price of $20.39 per share, with a total value of $25,242.82. Following the completion of the acquisition, the insider directly owned 2,348,440 shares of the company’s stock, valued at $47,884,691.60. This represents a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large 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, September 28th, Saba Capital Management, L.P. bought 4,133 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.74 per share, for a total transaction of $85,718.42.
• On Friday, September 25th, Saba Capital Management, L.P. purchased 834 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.74 per share, with a total value of $17,297.16.
• On Thursday, September 24th, Saba Capital Management, L.P. acquired 1,049 shares of Mexico Fund stock. The shares were acquired at an average price of $20.69 per share, for a total transaction of $21,703.81.
• On Wednesday, September 23rd, Saba Capital Management, L.P. acquired 28,464 shares of Mexico Fund stock. The stock was acquired at an average cost of $21.02 per share, with a total value of $598,313.28.
• On Tuesday, September 22nd, Saba Capital Management, L.P. purchased 110 shares of Mexico Fund stock. The stock was bought at an average price of $20.90 per share, for a total transaction of $2,299.00.
• On Monday, September 21st, Saba Capital Management, L.P. bought 2,034 shares of Mexico Fund stock. The stock was bought at an average price of $21.03 per share, for a total transaction of $42,775.02.
• On Wednesday, September 16th, Saba Capital Management, L.P. bought 6,403 shares of Mexico Fund stock. The stock was purchased at an average price of $20.63 per share, with a total value of $132,093.89.
• On Tuesday, September 15th, Saba Capital Management, L.P. purchased 459 shares of Mexico Fund stock. The shares were purchased at an average cost of $20.89 per share, with a total value of $9,588.51.
• On Thursday, August 13th, Saba Capital Management, L.P. acquired 2,952 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.41 per share, for a total transaction of $63,202.32.
• On Tuesday, August 4th, Saba Capital Management, L.P. acquired 9,362 shares of Mexico Fund stock. The shares were purchased at an average price of $22.19 per share, with a total value of $207,742.78.

Mexico Fund Trading Down 2.4%

NYSE:MXF traded down $0.50 during midday trading on Thursday, reaching $19.89. 43,430 shares of the stock traded hands, compared to its average volume of 51,755. Mexico Fund, Inc. has a 12-month low of $18.30 and a 12-month high of $23.00. The business has a 50-day moving average of $21.44 and a two-hundred day moving average of $21.51.

Mexico Fund Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 29th. Stockholders of record on Wednesday, October 21st will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 7.0%. The ex-dividend date is Wednesday, October 21st.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Susquehanna International Group LLP acquired a new stake in Mexico Fund in the second quarter worth about $215,000. Public Employees Retirement System of Ohio purchased a new position in shares of Mexico Fund in the 2nd quarter valued at approximately $2,266,000. Almitas Capital LLC purchased a new position in shares of Mexico Fund in the 2nd quarter valued at approximately $3,736,000. North Ground Capital acquired a new stake in Mexico Fund in the 2nd quarter worth approximately $2,981,931. Finally, Hudson Portfolio Management LLC purchased a new stake in Mexico Fund during the 2nd quarter worth approximately $784,000.

About Mexico Fund

Mexico Fund, Inc is a non-diversified closed-end investment company listed on the New York Stock Exchange under the symbol MXF. The fund seeks long-term capital appreciation primarily by investing in equity securities of companies based in, or with significant business activities in, Mexico.

The fund provides investors with access to Mexican public companies across multiple industries and may invest through common stocks, preferred stocks, and other securities. Its portfolio is managed with a focus on Mexico’s economic and corporate markets, giving shareholders a vehicle for country-specific equity exposure.

Mexico Fund, Inc is advised by Impulsora del Fondo México, SA de C.V., an investment management firm based in Mexico.