Saba Capital adds to Mexico Fund (NYSE: MXF) stake with share buy
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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FAQ
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.
How many Mexico Fund Inc (MXF) shares does Saba Capital own after this trade?
After the reported purchase, Saba Capital indirectly owns 1,739,162 Mexico Fund Inc Common Stock shares. This figure reflects its position following the 2,600-share open-market buy and highlights its role as a large, more than ten percent, shareholder.
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.
What price did Saba Capital pay per Mexico Fund Inc (MXF) share?
Saba Capital paid $20.21 per share for Mexico Fund Inc Common Stock. This price applies to the 2,600 shares acquired in the open-market transaction, modestly raising its total indirect holdings to 1,739,162 shares after the trade.
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.