The Mexico Fund (MXF) Insider Management Buys $324K of Stock

Saba Capital Increases Holdings in The Mexico Fund

L.P. Saba Capital Management expanded its investment in The Mexico Fund, Inc. (NYSE: MXF) by purchasing 15,051 shares on June 23, 2026. The shares were acquired at an average price of $21.52, bringing the total cost of the transaction to $323,897.52. This purchase adds to a series of moves by the major shareholder, which has steadily accumulated shares in the closed-end fund over the course of the year.

Stock Price Position and Trading Range

The shares changed hands close to the spot price of $21.73 on Thursday. The stock has spent recent months trading within a 52-week range of $18.30 to $23.00. Its current price sits right around the 50-day moving average of $21.53 and just above the 200-day moving average of $21.40. With a market capitalization of roughly $301.5 million, the fund's shares remain a focal point for institutional investors tracking closed-end vehicles.

Recent Earnings and Financial Health

The fund posted $13.3 million in revenue with a net profit margin of roughly 6.9%. Earnings per share stood at $6.38, supported by a return on equity of nearly 28.9%. The portfolio maintains a price-to-earnings ratio of 3.28, reflecting the underlying valuation of its holdings in Mexican public equity markets.

Dividend Yield and Payouts

Income-focused investors find appeal in the fund's distribution profile. The vehicle provides an annual dividend rate of $1.40 per share, which works out to a dividend yield of 6.67% based on current trading levels. The payout ratio sits at 18.81%, showing that a modest share of earnings goes directly toward shareholder distributions.

Additional Insider Buying Activity

This transaction fits into a broader pattern of accumulation by the investor group. Later in the same week, L.P. Saba Capital Management picked up another 4,037 shares on June 17 at $22.23 each, followed by 5,100 shares on June 24 at $21.31. The buying streak extended into the autumn, with the 10% owner picking up 12,791 shares on October 14 at a price of $19.88 per share for a total of $254,285.08, building on prior coverage of the fund.

About The Mexico Fund

Managed by Impulsora del Fondo México, S.C., the fund operates as a closed-end equity mutual fund with a mandate focused on public equities in Mexico. Formed back in June 1981 and domiciled in Maryland, the vehicle gives investors diversified exposure across various sectors of the Mexican economy.

What to Watch at The Mexico Fund, Inc.

Market participants will keep an eye on future SEC filings to see whether Saba Capital continues to grow its stake or pauses its buying activity. Investors also monitor broader macroeconomic shifts in Mexico and upcoming fund disclosures for updates on portfolio strategy and net asset value changes.