Mexico Fund (NYSE: MXF) 10% holder Saba now owns 2.3M shares
Rhea-AI Filing Summary
Saba Capital Management, L.P., a ten percent owner of MEXICO FUND INC (MXF), reported an open-market or private purchase of 2,952 shares of common stock on 2026-08-13 at $21.41 per share. Following this transaction, Saba Capital Management, L.P. indirectly holds 2,303,716 shares of MXF common stock. The Rule 10b5-1 trading-plan checkbox was not marked as used for this transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,952 shares
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
2,952 shs ($63K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,952 | $21.41 | $63K |
Holdings After Transaction:
Common Stock — 2,303,716 shares (Indirect, -)
Key Figures
Shares purchased: 2,952 shares
Purchase price per share: $21.41
Shares owned after transaction: 2,303,716 shares
+1 more
4 metrics
Shares purchased
2,952 shares
Common Stock transaction on 2026-08-13
Purchase price per share
$21.41
Price for the 2,952-share Common Stock purchase
Shares owned after transaction
2,303,716 shares
Total indirect holdings of Common Stock following the purchase
Net buy shares
2,952 shares
Net change in non-derivative holdings reported in this Form 4
Key Terms
ten percent owner, indirect, Purchase in open market or private transaction, Rule 10b5-1
4 terms
ten percent owner regulatory
"Saba Capital Management, L.P. is marked as a ten percent owner"
indirect financial
"The ownership type for the reported shares is coded as indirect"
Purchase in open market or private transaction financial
"The transaction code description is Purchase in open market or private transaction"
Rule 10b5-1 regulatory
"The Rule 10b5-1 trading-plan checkbox is not affirmed for this transaction"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
FAQ
What transaction did Saba Capital Management report in this Form 4 for MXF?
Saba Capital Management, L.P. reported a purchase of 2,952 MXF common shares on 2026-08-13. The transaction was coded as a purchase in an open market or private transaction at a stated per-share price.
Was Saba Capital Management’s MXF trade under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not affirmed for this trade. That means the reported MXF share purchase was not designated as executed under a Rule 10b5-1 trading plan in the Form 4.
Is Saba Capital Management a major holder of MEXICO FUND INC (MXF)?
Yes. Saba Capital Management, L.P. is identified as a ten percent owner of MXF. This status reflects that it is a significant shareholder subject to beneficial ownership reporting requirements.
AI-generated analysis. How Rhea-AI works. Not financial advice.