Saba Capital buys more Mexico Fund shares
Saba Capital Management, L.P., a more than ten percent owner of Mexico Fund Inc, bought 2,600 shares of Common Stock in an open-market purchase at $20.21 per share.
Rhea-AI Filing Summary
Saba Capital Management, L.P., a more than ten percent owner of Mexico Fund Inc, bought 2,600 shares of Common Stock in an open-market purchase at $20.21 per share. After this transaction, Saba Capital indirectly holds 1,739,162 shares, indicating a modest incremental increase to its existing position.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 2,600 | $20.21 | $53K |
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Saba Capital report for Mexico Fund Inc (MXF)?
Saba Capital Management, L.P. reported buying 2,600 Mexico Fund Inc shares in an open-market transaction. The purchase was of Common Stock at $20.21 per share, modestly increasing its already significant ownership position in the closed-end fund.
Was Saba Capital’s Mexico Fund Inc (MXF) trade a buy or a sell?
The Mexico Fund Inc transaction was a buy. Saba Capital Management, L.P. executed an open-market purchase of 2,600 Common Stock shares at $20.21 each, increasing its already substantial indirect ownership stake in the fund.
How large was Saba Capital’s latest Mexico Fund Inc (MXF) purchase?
The latest Mexico Fund Inc purchase by Saba Capital Management, L.P. totaled 2,600 Common Stock shares. While relatively small compared with its 1,739,162-share indirect position, it still represents an additional open-market investment in the fund.
AI-generated analysis. How Rhea-AI works. Not financial advice.