CLIM Discloses 3,608,772 Shares in Mexico Fund — 25% Ownership

Rhea-AI Filing Summary

City of London Investment Management Company Limited (CLIM) reports beneficial ownership of 3,608,772 shares of Mexico Fund Inc, representing 25.0% of the class. The filing shows CLIM has sole voting and sole dispositive power over these shares and states the shares are owned directly by the City of London Funds and certain segregated accounts for which CLIM provides discretionary investment and voting authority.

CLIM describes itself as a registered investment adviser controlled by a listed parent but operating with informational barriers; the filing also certifies the shares are held in the ordinary course of business and were not acquired to change or influence control of the issuer.

Positive

• Material institutional stake: Reporting person holds 3,608,772 shares (25.0%) of the class
• Sole voting and dispositive power: CLIM reports exclusive authority to vote and dispose of the reported shares
• Holdings held across multiple managed funds and segregated accounts, indicating institutional backing

Negative

• Concentrated ownership: A single reporting entity controls 25.0% of the class, representing a significant block
• Limited disclosure on position changes: The filing does not state whether this represents an increase or decrease versus prior reports
• Governance implications: Sole voting power over a large stake may materially influence shareholder votes or corporate actions

Insights

Financial Analyst

TL;DR: CLIM discloses a material 25.0% stake (3,608,772 shares) in Mexico Fund with sole voting and dispositive power.

This Schedule 13G/A reports a substantial institutional position equal to one quarter of the outstanding class, a level that is material to shareholders because it represents concentrated ownership. The position is held across the City of London Funds and segregated accounts for which CLIM exercises discretionary authority, and CLIM explicitly states the holdings are in the ordinary course of business. For investors, the key takeaways are the size of the stake and the fact that voting and disposition are reported as sole powers, which can affect shareholder voting dynamics and liquidity.

Corporate Governance Expert

TL;DR: A single registered adviser reports sole control over 25.0% of Mexico Fund, a governance-relevant concentration of ownership.

The filing identifies CLIM as the reporting person with sole voting and dispositive power over the reported shares, and notes that ownership resides in multiple City of London-managed funds and segregated accounts. The document also emphasizes informational barriers between CLIM and its listed parent, limiting attribution. The certification that the shares were not acquired to influence control is important but does not remove the governance implication that a single adviser holds a large, centralized voting block.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 11)

Mexico Fund Inc

(Name of Issuer)

Common Stock

(Title of Class of Securities)

592835102

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 592835102

1

Names of Reporting Persons

City of London Investment Management Company Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,608,772.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 3,608,772.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,608,772.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

25.0 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Mexico Fund Inc
(b)	Address of issuer's principal executive offices: 6700 Alexander Bell Drive, Suite 200, Columbia, MD 21046
Item 2.
(a)	Name of person filing: This statement is being filed by City of London Investment Management Company Limited ("CLIM" or the "Reporting Person"). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc ("CLIG"), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial ownership is not required between CLIM and CLIG. CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including Emerging (BMI) Markets Country Fund ("BMI"), a private investment fund organized as a Delaware business trust, Emerging Markets Free Fund ("CF"), a private investment fund organized as a Delaware business trust, Emerging Markets Global Fund ("CG"), a private investment fund organized as a Delaware business trust, Emerging Markets Investable Fund ("CI"), a private investment fund organized as a Delaware business trust, Global Emerging Markets Fund ("EUREKA"), a private investment fund organized as a Delaware business trust, The Emerging World Fund ("EWF"), a Dublin, Ireland-listed open-ended investment company, Emerging (Free) Markets Country Fund ("FREE"), a private investment fund organized as a Delaware business trust, Emerging Markets Country Fund ("GBL"), a private investment fund organized as a Delaware business trust, and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (each, a "Segregated Account"). BMI, CF, CG, CI, EUREKA, EWF, FREE and GBL are collectively referred to herein as the "City of London Funds." The Shares to which this Schedule 13G relates are owned directly by the City of London Funds and the Segregated Accounts.
(b)	Address or principal business office or, if none, residence: 77 Gracechurch Street London EC3V 0AS England
(c)	Citizenship: England and Wales
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 592835102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,608,772.00
(b)	Percent of class: 25.0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,608,772.00
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 3,608,772.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

City of London Investment Management Company Limited

Signature:	/s/ Catrina Reagan
Name/Title:	Catrina Reagan/US Chief Compliance Officer
Date:	08/08/2025

FAQ

How many Mexico Fund (MXF) shares does City of London own?

City of London Investment Management Company Limited reports beneficial ownership of 3,608,772 shares of Mexico Fund.

What percentage of MXF does City of London own?

The reported position represents 25.0% of the class of common stock.

Does City of London have voting power over the MXF shares?

Yes. The filing reports sole voting power and sole dispositive power over the 3,608,772 shares.

Are the MXF shares held for other accounts or funds?

Yes. The filing states the shares are owned directly by the City of London Funds and by segregated accounts for which CLIM exercises discretionary authority.

Was the position acquired to influence control of MXF?

The reporting certification states the securities are held in the ordinary course of business and were not acquired to change or influence control of the issuer.