Saba Capital ups Mexico Fund (NYSE: MXF) stake with 7,631-share buy
Rhea-AI Filing Summary
Saba Capital Management, L.P., a ten percent owner of Mexico Fund Inc., reported an open-market purchase of 7,631 shares of common stock on July 20, 2026 at $21.49 per share. Following this transaction, it indirectly holds 2,277,306 shares of Mexico Fund common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 7,631 shares
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
7,631 shs ($164K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 7,631 | $21.49 | $164K |
Holdings After Transaction:
Common Stock — 2,277,306 shares (Indirect, -)
Key Figures
Shares purchased: 7,631 shares
Purchase price: $21.49 per share
Post-transaction holdings: 2,277,306 shares
3 metrics
Shares purchased
7,631 shares
Common Stock acquired on 2026-07-20
Purchase price
$21.49 per share
Price for the July 20, 2026 open-market purchase
Post-transaction holdings
2,277,306 shares
Indirect ownership by Saba Capital Management, L.P. after the trade
Key Terms
ten percent owner, indirect ownership, Rule 10b5-1 trading plan, open market or private transaction
4 terms
ten percent owner regulatory
"Reporting person is a ten percent owner of Mexico Fund Inc."
indirect ownership regulatory
"Holdings are reported with an ownership code of I for indirect ownership."
Rule 10b5-1 trading plan regulatory
"The Rule 10b5-1 trading plan checkbox was not selected for this trade."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
open market or private transaction financial
"Transaction code description states purchase in open market or private transaction."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
Was Saba Capital’s MXF trade made under a Rule 10b5-1 plan?
The transaction was not reported as made under a Rule 10b5-1 trading plan. The filing’s Rule 10b5-1 checkbox was left unchecked, indicating the July 20, 2026 purchase was not executed pursuant to such a pre-arranged plan.