Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 5,000 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 5,000 shares of the stock in a transaction that occurred on Wednesday, March 18th. The shares were bought at an average price of $20.38 per share, for a total transaction of $101,900.00. Following the transaction, the insider owned 1,744,162 shares of the company’s stock, valued at $35,546,021.56. This trade represents a 0.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Major 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 Friday, March 13th, Saba Capital Management, L.P. bought 2,600 shares of Mexico Fund stock. The shares were acquired 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. purchased 456 shares of Mexico Fund stock. The shares were bought 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. acquired 1,005 shares of Mexico Fund stock. The shares were 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. acquired 4,480 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.34 per share, with a total value of $95,603.20.
• On Friday, February 13th, Saba Capital Management, L.P. purchased 32,126 shares of Mexico Fund stock. The stock was acquired 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. acquired 3,115 shares of Mexico Fund stock. The shares were bought at an average price of $21.97 per share, for a total transaction of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was purchased at an average cost of $21.50 per share, for a total transaction of $21,500.00.
• On Wednesday, January 21st, Saba Capital Management, L.P. purchased 550 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.29 per share, for a total transaction of $11,709.50.
• On Monday, January 12th, Saba Capital Management, L.P. acquired 2,520 shares of Mexico Fund stock. The shares were bought at an average price of $20.45 per share, for a total transaction of $51,534.00.
• On Friday, January 9th, Saba Capital Management, L.P. bought 10 shares of Mexico Fund stock. The stock was purchased at an average price of $20.24 per share, with a total value of $202.40.

Mexico Fund Stock Down 2.4%

NYSE MXF traded down $0.49 during trading on Friday, hitting $19.62. The stock had a trading volume of 40,696 shares, compared to its average volume of 74,972. The stock has a 50 day simple moving average of $21.62 and a 200 day simple moving average of $20.16. Mexico Fund, Inc. has a one year low of $13.10 and a one year high of $23.00.

Mexico Fund Announces Dividend

The company also recently disclosed 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 dividend yield of 7.1%. The ex-dividend date is Wednesday, April 22nd.

Institutional Trading of Mexico Fund

A number of institutional investors have recently modified their holdings of MXF. Uhlmann Price Securities LLC increased its stake in Mexico Fund by 1.0% during the 4th 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 raised its holdings in Mexico Fund by 775.3% in the 4th 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. Blue Bell Private Wealth Management LLC lifted its holdings in Mexico Fund by 92.3% during 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 in the last quarter. Calamos Advisors LLC boosted 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 worth $280,000 after buying an additional 2,535 shares during the last quarter. Finally, Quantedge Capital Pte Ltd grew its holdings in shares of Mexico Fund by 3.7% during the second quarter. Quantedge Capital Pte Ltd now owns 130,134 shares of the investment management company’s stock worth $2,286,000 after buying an additional 4,650 shares in the last quarter.

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.