Mexico Fund 10% Owner Buys 28,464 Shares
The transactions were reported as indirect purchases, with a separate purchase recorded on each of two consecutive dates.
Rhea-AI Filing Summary
Saba Capital Management, L.P., a 10% owner of Mexico Fund Inc. (MXF), reported indirect purchases of Common Stock: 28,464 shares at $21.02 per share on September 23, 2026, and 110 shares at $20.90 per share on September 22, 2026. No Rule 10b5-1 plan is reported for these purchases.
Positive
- None.
Negative
- None.
Insights
Analyzing...
Insider Trade Summary
Net Buyer: 28,574 shares
Net Buy
2 txns
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
28,574 shs ($601K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 28,464 | $21.02 | $598K |
| Purchase | Common Stock | 110 | $20.90 | $2K |
Holdings After Transaction:
Common Stock — 2,341,186 shares (Indirect, -)
Key Figures
Shares purchased: 28,464 shares
Purchase price: $21.02 per share
Shares purchased: 110 shares
+1 more
4 metrics
Shares purchased
28,464 shares
Indirect purchase on September 23, 2026
Purchase price
$21.02 per share
September 23, 2026
Shares purchased
110 shares
Indirect purchase on September 22, 2026
Purchase price
$20.90 per share
September 22, 2026
Key Terms
non-derivative, indirect ownership, Rule 10b5-1 plan
3 terms
non-derivative financial
"non-derivative Common Stock purchase"
indirect ownership financial
"reported indirect purchases of Common Stock"
Rule 10b5-1 plan regulatory
"No Rule 10b5-1 plan is reported"
A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.
FAQ
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AI-generated analysis. How Rhea-AI works. Not financial advice.