City of London IM Holds 19.9% Stake in Mexico Fund

TL;DR

**City of London IM still owns 19.9% of Mexico Fund, a strong institutional endorsement.**

AI Summary

City of London Investment Management Co Ltd filed an amended SC 13G/A on February 9, 2024, disclosing its beneficial ownership in The Mexico Fund, Inc. As of December 31, 2023, the firm holds 3,491,522 shares, representing 19.9% of the company's common stock. This filing indicates a significant, continued stake by a major institutional investor, which could be seen as a vote of confidence for current and prospective shareholders.

Why It Matters

This filing shows a major institutional investor maintains a substantial ownership stake, which can signal stability and confidence in the company's long-term prospects.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a degree of confidence.

Analyst Insight

An investor might view this continued significant institutional ownership as a positive signal, suggesting stability and potential long-term value in The Mexico Fund, Inc., and could consider holding or initiating a position.

Key Numbers

• 3,491,522 — Shares Beneficially Owned (Represents the total shares City of London Investment Management Co Ltd holds in The Mexico Fund, Inc.)
• 19.9% — Percentage of Class (Indicates the significant portion of The Mexico Fund, Inc.'s common stock owned by City of London Investment Management Co Ltd.)
• December 31, 2023 — Reporting Date (The specific date for which the ownership data is reported in the filing.)

Key Players & Entities

• City of London Investment Management Company Limited (company) — the reporting person and beneficial owner
• The Mexico Fund, Inc. (company) — the issuer of the securities
• 3,491,522 (dollar_amount) — shares beneficially owned
• 19.9% (dollar_amount) — percentage of class beneficially owned
• December 31, 2023 (date) — date of event requiring the filing

Forward-Looking Statements

• City of London Investment Management Co Ltd will maintain a significant stake in The Mexico Fund, Inc. (City of London Investment Management Co Ltd) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• col13g_18751f.htm (SC 13G/A) — 77KB
• 0001072613-24-000104.txt ( ) — 79KB

(a)

Item 1(a). Name of Issuer: The Mexico Fund, Inc.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: The principal executive offices of the Fund are located at: 6700 Alexander Bell Drive, Suite 200 Columbia, MD 21046

(a)

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 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, The EM Plus CEF Fund (“PLUS”), a private investment fund organ

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 77 Gracechurch Street London EC3V 0AS England

(c)

Item 2(c). Citizenship: England and Wales

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $.001 per share

(e)

Item 2(e). CUSIP Number: 592835102 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 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 Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association 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 (15 U.S.C. 80a-3); (j) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). CUSIP No. 592835102 13G Page 5 of 6 Pages Item 4. (a) Amount beneficially owned: 3,491,522 (b) Percent of Class: 23.6% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 3,491,522 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 3,491,522 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class. Not applicable. Item 6. of More than Five 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. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not a

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