Saba Capital boosts Mexico Fund Inc (NYSE: MXF) stake with July share purchase
Rhea-AI Filing Summary
Saba Capital Management, L.P., a more than ten percent owner of Mexico Fund Inc, purchased 3,077 shares of Common Stock on July 29, 2026 at $21.34 per share in an open market or private transaction. Following this indirect purchase, Saba Capital reports holding 2,291,228 shares. The trade was not marked as made pursuant to a Rule 10b5-1 trading plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,077 shares
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
3,077 shs ($66K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 3,077 | $21.34 | $66K |
Holdings After Transaction:
Common Stock — 2,291,228 shares (Indirect, _)
Key Figures
Shares purchased: 3,077 shares
Purchase price: $21.34 per share
Shares owned after transaction: 2,291,228 shares
+1 more
4 metrics
Shares purchased
3,077 shares
Common Stock acquired on July 29, 2026
Purchase price
$21.34 per share
Price for Common Stock purchase on July 29, 2026
Shares owned after transaction
2,291,228 shares
Indirect holdings reported after the purchase
Net buy shares
3,077 shares
Net share change in this Form 4 filing
Key Terms
more than ten percent owner, indirect ownership, Rule 10b5-1 trading plan, open market or private transaction
4 terms
more than ten percent owner regulatory
"Saba Capital Management, L.P. is listed as a more than ten percent owner"
indirect ownership financial
"The transaction is coded as indirect ownership in the filing"
Rule 10b5-1 trading plan regulatory
"The trade was not marked as made pursuant to a Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open market or private transaction financial
"Transaction code description: Purchase in open market or private transaction"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did MXF report by Saba Capital Management, L.P.?
Mexico Fund Inc reported that Saba Capital Management, L.P. bought 3,077 shares of Common Stock. The purchase occurred on July 29, 2026 at $21.34 per share in an open market or private transaction, increasing Saba Capital’s indirect holdings in the fund.
Was the MXF insider trade by Saba Capital under a Rule 10b5-1 plan?
The transaction was not marked as being made under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox is unchecked, and no footnote indicates that this purchase followed a pre-arranged trading plan.