Saba Capital Management, L.P. Purchases 1,828 Shares of Mexico Fund (NYSE:MXF) Stock

Mexico Fund, Inc. (The) (NYSE:MXF) major shareholder Saba Capital Management, L.P. acquired 1,828 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $21.73 per share, for a total transaction of $39,722.44. Following the purchase, the insider owned 2,261,962 shares of the company’s stock, valued at $49,152,434.26. This represents a 0.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Wednesday, July 8th, Saba Capital Management, L.P. acquired 522 shares of Mexico Fund stock. The stock was purchased at an average price of $21.26 per share, with a total value of $11,097.72.
• On Wednesday, June 24th, Saba Capital Management, L.P. purchased 5,100 shares of Mexico Fund stock. The stock was acquired at an average price of $21.31 per share, with a total value of $108,681.00.
• On Tuesday, June 23rd, Saba Capital Management, L.P. acquired 15,051 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.52 per share, for a total transaction of $323,897.52.
• On Thursday, June 18th, Saba Capital Management, L.P. purchased 1,261 shares of Mexico Fund stock. The stock was bought at an average cost of $22.19 per share, with a total value of $27,981.59.
• On Wednesday, June 17th, Saba Capital Management, L.P. bought 4,037 shares of Mexico Fund stock. The stock was purchased at an average price of $22.23 per share, with a total value of $89,742.51.
• On Friday, June 12th, Saba Capital Management, L.P. bought 29,500 shares of Mexico Fund stock. The shares were acquired at an average price of $22.30 per share, for a total transaction of $657,850.00.
• On Thursday, June 11th, Saba Capital Management, L.P. acquired 5,117 shares of Mexico Fund stock. The stock was purchased at an average price of $21.60 per share, with a total value of $110,527.20.
• On Wednesday, June 10th, Saba Capital Management, L.P. bought 11,081 shares of Mexico Fund stock. The shares were acquired at an average cost of $21.39 per share, with a total value of $237,022.59.
• On Tuesday, June 9th, Saba Capital Management, L.P. acquired 3,600 shares of Mexico Fund stock. The shares were bought at an average cost of $21.14 per share, for a total transaction of $76,104.00.
• On Friday, June 5th, Saba Capital Management, L.P. bought 19,906 shares of Mexico Fund stock. The stock was bought at an average cost of $21.64 per share, with a total value of $430,765.84.

Mexico Fund Stock Up 0.9%

Shares of MXF stock opened at $21.64 on Friday. Mexico Fund, Inc. has a 12 month low of $16.57 and a 12 month high of $23.00. The firm’s 50-day moving average is $21.80 and its two-hundred day moving average is $21.51.

Mexico Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 30th. Shareholders of record on Wednesday, July 22nd will be paid a dividend of $0.35 per share. The ex-dividend date is Wednesday, July 22nd. This represents a $1.40 dividend on an annualized basis and a yield of 6.5%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MXF. Saba Capital Management L.P. increased its stake in Mexico Fund by 4.3% in the first quarter. Saba Capital Management L.P. now owns 1,764,332 shares of the investment management company’s stock valued at $36,927,000 after purchasing an additional 73,032 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Mexico Fund by 2.9% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 981,733 shares of the investment management company’s stock valued at $20,548,000 after buying an additional 27,983 shares in the last quarter. Calamos Advisors LLC raised its holdings in shares of Mexico Fund by 13.5% in the first quarter. Calamos Advisors LLC now owns 21,299 shares of the investment management company’s stock worth $446,000 after acquiring an additional 2,535 shares during the last quarter. Altium Capital Management LLC boosted its stake in shares of Mexico Fund by 165.5% during 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. Finally, Uhlmann Price Securities LLC lifted its holdings 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 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.