Saba Capital Management, L.P. Purchases 2,600 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 2,600 shares of the business’s stock in a transaction dated Friday, March 13th. The stock was purchased at an average cost of $20.21 per share, for a total transaction of $52,546.00. Following the completion of the acquisition, the insider directly owned 1,739,162 shares of the company’s stock, valued at approximately $35,148,464.02. This trade represents a 0.15% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, March 12th, Saba Capital Management, L.P. bought 456 shares of Mexico Fund stock. The stock was purchased at an average price of $20.35 per share, for a total transaction of $9,279.60.
• On Tuesday, March 10th, Saba Capital Management, L.P. purchased 1,005 shares of Mexico Fund stock. The stock was acquired at an average price of $20.94 per share, for a total transaction of $21,044.70.
• On Thursday, March 5th, Saba Capital Management, L.P. purchased 4,480 shares of Mexico Fund stock. The stock was acquired at an average price of $21.34 per share, for a total transaction of $95,603.20.
• On Friday, February 13th, Saba Capital Management, L.P. purchased 32,126 shares of Mexico Fund stock. The shares were acquired at an average cost 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 acquired at an average price of $21.97 per share, with a total value of $68,436.55.
• On Monday, January 26th, Saba Capital Management, L.P. acquired 1,000 shares of Mexico Fund stock. The stock was acquired 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. acquired 550 shares of Mexico Fund stock. The stock was acquired at an average price of $21.29 per share, for a total transaction of $11,709.50.
• On Monday, January 12th, Saba Capital Management, L.P. bought 2,520 shares of Mexico Fund stock. The shares were acquired at an average cost of $20.45 per share, with a total value of $51,534.00.
• On Friday, January 9th, Saba Capital Management, L.P. bought 10 shares of Mexico Fund stock. The shares were 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 shares were acquired at an average price of $19.95 per share, with a total value of $323,748.60.

Mexico Fund Stock Down 0.1%

NYSE:MXF opened at $20.50 on Wednesday. Mexico Fund, Inc. has a one year low of $13.10 and a one year high of $23.00. The firm’s fifty day moving average is $21.64 and its two-hundred day moving average is $20.14.

Mexico Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 30th. Stockholders 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 6.8%. The ex-dividend date of this dividend is Wednesday, April 22nd.

Institutional Trading of Mexico Fund

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Alpine Global Management LLC raised its position in Mexico Fund by 356.7% during the fourth quarter. Alpine Global Management LLC now owns 61,431 shares of the investment management company’s stock valued at $1,237,000 after acquiring an additional 47,979 shares in the last quarter. Sit Investment Associates Inc. boosted its position in Mexico Fund by 144.8% in 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 in the last quarter. Saba Capital Management L.P. boosted its position in Mexico Fund by 32.4% in the 4th quarter. Saba Capital Management L.P. now owns 1,691,300 shares of the investment management company’s stock worth $34,063,000 after purchasing an additional 413,606 shares in the last quarter. North Ground Capital grew its stake in shares of Mexico Fund by 309.2% during the 4th quarter. North Ground Capital now owns 126,312 shares of the investment management company’s stock worth $2,544,000 after purchasing an additional 95,443 shares during the period. Finally, Marex Group plc acquired a new stake in shares of Mexico Fund during the 4th quarter worth approximately $1,926,000.

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.