Saba Capital boosts Mexico Fund Inc (NYSE: MXF) stake with open-market buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than 10% beneficial owner of MEXICO FUND INC, reported open-market purchases of a total of 7,408 shares of common stock. The firm bought 4,675 shares at $20.73 and 2,733 shares at $19.94, bringing its indirect holdings to 1,759,432 shares.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NEW YORK 10174

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MEXICO FUND INC [ MXF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/24/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/24/2026		P		2,733	A	$19.94	1,754,757	I	-
Common Stock	03/25/2026		P		4,675	A	$20.73	1,759,432	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	03/26/2026
	Boaz Weinstein	03/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider activity did Saba Capital report for MEXICO FUND INC (MXF)?

Saba Capital Management, L.P. reported buying additional MXF common stock in the open market. It executed two purchases totaling 7,408 shares, increasing its indirect position to 1,759,432 shares, reflecting continued accumulation by a holder that already owns more than 10% of the fund.

On what dates did Saba Capital buy MXF shares and at what prices?

The trades occurred on March 24 and March 25, 2026. Saba Capital bought 2,733 shares at $19.94 on March 24 and 4,675 shares at $20.73 on March 25, all as open-market purchases of MXF common stock.

How many MEXICO FUND INC (MXF) shares does Saba Capital own after these trades?

Following the reported open-market purchases, Saba Capital Management, L.P. holds 1,759,432 MXF common shares indirectly. This figure reflects the total beneficial ownership reported after the March 25, 2026 transaction and shows the size of its continuing stake in the fund.

Were Saba Capital’s MXF transactions open-market buys or another type of trade?

The Form 4 classifies both transactions as open-market purchases of MXF common stock. They carry code “P,” which indicates purchases in the open market or private transactions, and are reported as non-derivative transactions directly affecting common shares.

Does Saba Capital’s Form 4 for MXF include any sales or derivative exercises?

No sales or derivative exercises are reported in this Form 4. The transaction summary shows two buy transactions, 7,408 shares bought, and no sell, gift, tax withholding, or derivative transactions, indicating purely net buying activity in MXF common stock.

Is Saba Capital a significant holder of MEXICO FUND INC (MXF)?

Yes. The Form 4 identifies Saba Capital Management, L.P. as a more than 10% beneficial owner of MXF. After the latest purchases, it reports indirect ownership of 1,759,432 common shares, underscoring its role as a large shareholder in the fund.