THE MEXICO FUND ACKNOWLEDGES SABA CAPITAL MANAGEMENT, L.P. INVESTMENT, REAFFIRMS COMMITMENT TO SHAREHOLDER VALUE

Rhea-AI Summary

The Mexico Fund (NYSE: MXF), a closed-end fund focused on Mexican equities, has acknowledged Saba Capital Management's recent 8.35% stake acquisition in the fund. The fund's President and CEO, Alberto Osorio, welcomed Saba Capital as a significant institutional investor.

The fund emphasized its commitment to reducing NAV discount and enhancing performance while maintaining dialogue with shareholders. MXF highlighted its strong governance practices, NAV performance track record, trading discount management, and consistent quarterly distributions. The fund reaffirmed its focus on long-term capital appreciation and ongoing efforts to strengthen shareholder value.

Positive

• Saba Capital Management, an experienced institutional investor, acquired 8.35% stake
• Fund maintains consistent quarterly cash distributions
• Strong governance practices and solid NAV performance track record

Negative

• Existence of trading discount to NAV requiring management attention

COLUMBIA, Md., July 28, 2025 /PRNewswire/ -- The Mexico Fund, Inc. (NYSE: MXF), a closed-end fund investing primarily in Mexican equities, today issued the following statement in response to the recent Schedule 13D filing made by Saba Capital Management, L.P. ("Saba Capital"), disclosing an 8.35% stake in the Fund:

"We recognize Saba Capital as an important institutional investor with deep expertise in the closed-end fund space," said Alberto Osorio, President and CEO of The Mexico Fund. "We continue to evaluate strategies to reduce the discount to NAV and enhance performance in the best interests of all shareholders, while maintaining an open and constructive dialogue with all shareholders, as we pursue these value-enhancing initiatives", he added.

The Mexico Fund has consistently upheld strong governance practices, demonstrated a solid track record of NAV performance, responsibly managed its trading discount, and delivered reliable quarterly cash distributions. The Fund remains focused on its core objective of long-term capital appreciation and continues to explore opportunities to strengthen shareholder value, reduce the market discount, and optimize capital deployment.

For more information, please visit www.themexicofund.com

CONTACT:
Tofi Dayan
+5255-9138-3350
Email: investor-relations@themexicofund.com

Patricia Baronowski        Pristine Advisers, LLC
+1-631-756-2486
Email: pbaronowski@pristineadvisers.com

About The Mexico Fund, Inc.

The Mexico Fund, Inc. is a non-diversified closed-end management investment company with the investment objective of long-term capital appreciation through investments in securities, primarily equity, listed on the Mexican Stock Exchange. The Fund provides a vehicle to investors who wish to invest in Mexican companies through a managed non-diversified portfolio as part of their overall investment program.

This release may contain certain forward-looking statements regarding future circumstances. These forward-looking statements are based upon the Fund's current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from those contemplated in such forward-looking statements including, in particular, the risks and uncertainties described in the Fund's filings with the Securities and Exchange Commission. Actual results, events, and performance may differ. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. The Fund undertakes no obligation to release publicly any revisions to these forward looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. The inclusion of any statement in this release does not constitute an admission by The Mexico Fund or any other person that the events or circumstances described in such statement are material.

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SOURCE The Mexico Fund, Inc.

FAQ

What stake did Saba Capital Management acquire in The Mexico Fund (MXF)?

Saba Capital Management acquired an 8.35% stake in The Mexico Fund, as disclosed in their recent Schedule 13D filing.

How is The Mexico Fund (MXF) addressing its NAV discount?

The Mexico Fund is evaluating strategies to reduce the discount to NAV and enhance performance while maintaining dialogue with shareholders and pursuing value-enhancing initiatives.

What are The Mexico Fund's (MXF) key investment objectives?

The Mexico Fund focuses on long-term capital appreciation through investments primarily in Mexican equities, while maintaining quarterly cash distributions and strong governance practices.

Who is the current CEO of The Mexico Fund (MXF)?

Alberto Osorio serves as the President and CEO of The Mexico Fund.

What type of fund is MXF?

The Mexico Fund (MXF) is a closed-end fund that primarily invests in Mexican equities.