Saba Capital adds 5,000 Mexico Fund (NYSE: MXF) shares
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 (MXF), bought 5,000 shares of common stock in an open-market transaction at $20.38 per share. After this indirect purchase, it reported holding 1,744,162 Mexico Fund shares in total.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 5,000 shares ($101,900)
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
5,000 shs ($102K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 5,000 | $20.38 | $102K |
Holdings After Transaction:
Common Stock — 1,744,162 shares (Indirect, -)
Footnotes (1)
FAQ
What insider transaction did Saba Capital report for Mexico Fund Inc (MXF)?
Saba Capital Management, L.P. reported an open-market purchase of 5,000 shares of Mexico Fund Inc common stock. The transaction was recorded as a non-derivative buy and increased its indirectly held position in the closed-end fund.
Is Saba Capital considered a major holder of Mexico Fund Inc (MXF)?
Yes. Saba Capital Management, L.P. is identified as a more than ten percent owner of Mexico Fund Inc. This status classifies it as a significant shareholder, which is why its transactions must be reported on Form 4 with the SEC.
Was Saba Capital’s Mexico Fund Inc (MXF) purchase direct or indirect ownership?
The 5,000-share Mexico Fund Inc purchase was reported as an indirectly owned position. The Form 4 lists the ownership type as indirect, meaning the shares are held through an entity or structure associated with Saba Capital, rather than in its own name.
What type of security did Saba Capital buy in Mexico Fund Inc (MXF)?
Saba Capital purchased Mexico Fund Inc common stock, categorized as a non-derivative security. No options, warrants, or other derivative instruments were reported in this filing, and the transaction involved only common shares acquired in the open market.