Saba Capital (NYSE: MXF) adds 4,991 Mexico Fund shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Saba Capital Management, L.P., a more than ten percent owner of MEXICO FUND INC, reported an open-market purchase of 4,991 shares of common stock at $19.84 per share. After this transaction, Saba’s indirect holdings increased to 1,752,024 common shares, indicating a relatively small incremental buy compared with its existing position.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 4,991 shares ($99,021)
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
4,991 shs ($99K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 4,991 | $19.84 | $99K |
Holdings After Transaction:
Common Stock — 1,752,024 shares (Indirect, -)
Footnotes (1)
FAQ
What insider transaction did Saba Capital report for MEXICO FUND INC (MXF)?
Saba Capital Management, L.P. reported buying 4,991 MXF common shares in an open-market transaction. The shares were acquired at a price of $19.84 per share, modestly increasing its already large ownership stake in the fund.
Was the Saba Capital transaction in MEXICO FUND INC (MXF) a buy or a sell?
The reported transaction was a buy. Saba Capital Management, L.P. executed an open-market purchase of 4,991 MXF common shares, increasing its indirect position in the fund according to the Form 4 transaction coding and narrative fields.
Are Saba Capital’s MEXICO FUND INC (MXF) holdings direct or indirect?
The holdings reported in this Form 4 are indirect. The transaction record classifies ownership as “I” for indirect, indicating Saba Capital Management, L.P.’s 1,752,024 MXF shares are held indirectly rather than as directly registered holdings.