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

1. Saba Capital holds an 8.35% stake in The Mexico Fund. 2. The fund is focusing on reducing its discount to NAV. 3. Management emphasizes long-term capital appreciation and shareholder value. 4. Strong governance and solid NAV performance have been maintained. 5. The fund actively engages with shareholders for value enhancement.

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FAQ

Why Bullish?

The strategic investment by Saba Capital signals confidence, as historically, engagement from institutional investors often leads to enhanced performance and stability. For instance, similar investments have resulted in improved share performance in closed-end funds in the past.

How important is it?

Saba Capital's involvement signals potential growth and offers insight into the fund's future trajectory, likely leading to increased investor interest and activity.

Why Short Term?

The immediate actions towards reducing the discount to NAV could prompt quicker market reactions, especially from investor sentiment. Historically, short-term price spikes have occurred following active management initiatives in closed-end funds.

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SABAHBLCEMFEMSAAMXL
, /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+5255-9138-3350Email: [email protected] Patricia Baronowski        Pristine Advisers, LLC+1-631-756-2486Email: [email protected] 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. SOURCE The Mexico Fund, Inc. WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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