Mexico Fund (NYSE:MXF) Major Shareholder Saba Capital Management, L.P. Buys 3,115 Shares

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 3,115 shares of Mexico Fund stock in a transaction that occurred on Thursday, January 29th. The shares were purchased at an average cost of $21.97 per share, for a total transaction of $68,436.55. Following the purchase, the insider directly owned 1,698,495 shares of the company’s stock, valued at approximately $37,315,935.15. This trade represents a 0.18% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 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 Monday, January 26th, Saba Capital Management, L.P. purchased 1,000 shares of Mexico Fund stock. The stock was acquired at an average price of $21.50 per share, with a total value 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 acquired 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. acquired 10 shares of Mexico Fund stock. The stock was acquired at an average cost of $20.24 per share, with a total value of $202.40.
• On Tuesday, December 16th, Saba Capital Management, L.P. bought 16,228 shares of Mexico Fund stock. The stock was acquired at an average price of $19.95 per share, with a total value of $323,748.60.
• On Monday, December 15th, Saba Capital Management, L.P. acquired 28,475 shares of Mexico Fund stock. The shares were bought at an average price of $20.22 per share, for a total transaction of $575,764.50.
• On Friday, December 12th, Saba Capital Management, L.P. bought 9,400 shares of Mexico Fund stock. The stock was bought at an average price of $19.91 per share, with a total value of $187,154.00.
• On Thursday, December 11th, Saba Capital Management, L.P. acquired 6,008 shares of Mexico Fund stock. The shares were purchased at an average price of $20.20 per share, with a total value of $121,361.60.
• On Wednesday, December 10th, Saba Capital Management, L.P. bought 1,000 shares of Mexico Fund stock. The stock was purchased at an average price of $19.70 per share, for a total transaction of $19,700.00.
• On Tuesday, December 9th, Saba Capital Management, L.P. acquired 628 shares of Mexico Fund stock. The stock was purchased at an average cost of $19.74 per share, for a total transaction of $12,396.72.

Mexico Fund Trading Up 0.6%

Shares of NYSE:MXF opened at $21.55 on Tuesday. The stock has a 50-day simple moving average of $20.42 and a 200-day simple moving average of $19.25. Mexico Fund, Inc. has a 1 year low of $13.10 and a 1 year high of $22.50.

Mexico Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 29th. Shareholders of record on Wednesday, January 21st were paid a dividend of $0.35 per share. This is an increase from Mexico Fund’s previous quarterly dividend of $0.25. This represents a $1.40 annualized dividend and a yield of 6.5%. The ex-dividend date was Wednesday, January 21st.

Institutional Trading of Mexico Fund

A number of institutional investors have recently added to or reduced their stakes in MXF. City of London Investment Management Co. Ltd. raised its position in Mexico Fund by 9.3% in the second quarter. City of London Investment Management Co. Ltd. now owns 3,608,772 shares of the investment management company’s stock valued at $63,406,000 after purchasing an additional 305,864 shares during the period. North Ground Capital acquired a new stake in shares of Mexico Fund in the third quarter valued at about $608,000. Verition Fund Management LLC raised its holdings in shares of Mexico Fund by 21.7% during the 3rd quarter. Verition Fund Management LLC now owns 99,508 shares of the investment management company’s stock valued at $1,960,000 after buying an additional 17,747 shares during the period. Scotia Capital Inc. raised its holdings 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 buying an additional 14,241 shares during the period. Finally, Alpine Global Management LLC acquired a new position in Mexico Fund during the 3rd quarter worth approximately $265,000.

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.