Saba Capital adds MXF stake, buying 34,617 Mexico Fund (NYSE: MXF) shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Saba Capital Management, L.P., a ten percent owner of Mexico Fund Inc, reported two open-market purchases of Common Stock. It bought 29,500 shares at $22.30 per share on June 12, 2026 and 5,117 shares at $21.60 per share on June 11, 2026. After these transactions, it indirectly held 2,234,685 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 34,617 shares ($768,377)
Net Buy
2 txns
Insider
Saba Capital Management, L.P.
Role
null
Bought
34,617 shs ($768K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 29,500 | $22.30 | $658K |
| Purchase | Common Stock | 5,117 | $21.60 | $111K |
Holdings After Transaction:
Common Stock — 2,234,685 shares (Indirect, -)
Footnotes (1)
Key Figures
Total shares purchased: 34,617 shares
June 12 purchase: 29,500 shares at $22.30/share
June 11 purchase: 5,117 shares at $21.60/share
+1 more
4 metrics
Total shares purchased
34,617 shares
Open-market buys on June 11–12, 2026
June 12 purchase
29,500 shares at $22.30/share
Common Stock open-market purchase
June 11 purchase
5,117 shares at $21.60/share
Common Stock open-market purchase
Post-transaction holdings
2,234,685 shares
Indirect ownership after June 12, 2026
Key Terms
open-market purchase, ten percent owner, indirect ownership
3 terms
open-market purchase financial
"transaction_action": "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
ten percent owner regulatory
"is_ten_percent_owner": 1"
indirect ownership financial
"ownership_type": "indirect""
FAQ
What insider transactions did Saba Capital report for MEXICO FUND INC (MXF)?
Saba Capital Management reported buying MXF Common Stock in two open-market transactions. It acquired 29,500 shares at $22.30 and 5,117 shares at $21.60, increasing its indirect ownership stake in the closed-end fund.
What type of insider is Saba Capital in relation to MEXICO FUND INC (MXF)?
Saba Capital Management is identified as a ten percent owner of MXF. This status means it holds at least 10% of the fund’s shares, requiring detailed reporting of its transactions on Form 4 under SEC rules.