Saba Capital (NYSE: MXF) adds 41,442 Mexico Fund shares in open‑market buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of The Mexico Fund, Inc. (MXF), reported open-market purchases of the fund’s common stock. On May 14 and 15, 2026, Saba bought a total of 41,442 shares at $22.00 per share, increasing its indirect holdings to 1,953,637 shares. These are straightforward open-market buys, signaling additional capital allocated to MXF rather than sales or option exercises.

Insights

Closed-end fund and insider activity analyst

Saba made routine but sizable open‑market share purchases in MXF.

Saba Capital Management, L.P., identified as a ten percent owner of The Mexico Fund, Inc., executed two open-market purchases of common stock on May 14, 2026 and May 15, 2026. The transactions totaled 41,442 shares at $22.00 per share.

These buys are non-derivative and classified as open-market purchases, suggesting direct cash deployment into MXF rather than option exercises or structured trades. Following these transactions, Saba’s indirect position rose to 1,953,637 shares, with the filing showing no derivative positions.

The transactionSummary indicates a net-buy direction with 2 buy entries and no sales. While the filing does not provide motivations or trading plans, such incremental accumulation by a large holder is generally viewed as routine portfolio management rather than a transformative event.

Insider Trade Summary

Net Buyer: 41,442 shares ($911,724)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role null

Bought 41,442 shs ($912K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	8,334	$22.00	$183K
Purchase	Common Stock	33,108	$22.00	$728K

Holdings After Transaction: Common Stock — 1,953,637 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares bought on May 15, 2026: 8,334 shares Shares bought on May 14, 2026: 33,108 shares Total shares bought: 41,442 shares +2 more

5 metrics

Shares bought on May 15, 2026 8,334 shares Open-market purchase of MXF common stock

Shares bought on May 14, 2026 33,108 shares Open-market purchase of MXF common stock

Total shares bought 41,442 shares Sum of May 14–15, 2026 open-market purchases

Purchase price $22.00 per share Price for both reported MXF transactions

Shares held after last transaction 1,953,637 shares Indirect MXF holdings following May 15, 2026 buy

Key Terms

open-market purchase, ten percent owner, indirect ownership, non-derivative

4 terms

open-market purchase financial

"transaction_action": "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

ten percent owner regulatory

""is_ten_percent_owner": 1"

indirect ownership financial

""ownership_type": "indirect""

non-derivative financial

""transaction_type": "non-derivative""

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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)
05/14/2026

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	05/14/2026		P		33,108	A	$22	1,945,303	I	-
Common Stock	05/15/2026		P		8,334	A	$22	1,953,637	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	05/18/2026
	Boaz Weinstein	05/18/2026
	** 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 did Saba Capital Management, L.P. do in this Form 4 for MXF?

Saba Capital Management, L.P. reported buying additional Mexico Fund (MXF) common shares in open-market transactions. It purchased 41,442 shares in total at $22.00 per share, increasing its indirect holdings to 1,953,637 shares, according to the Form 4 insider trading report.

How many Mexico Fund (MXF) shares did Saba Capital buy and at what price?

Saba Capital bought 41,442 MXF common shares across two days. The purchases were executed at a price of $22.00 per share, as reported in the Form 4 transactions for May 14 and May 15, 2026, and are categorized as open-market purchases.

What is Saba Capital’s total Mexico Fund (MXF) position after these transactions?

After the reported open-market purchases, Saba Capital Management, L.P. holds 1,953,637 MXF common shares indirectly. This total reflects the position following the May 15, 2026 transaction and shows the size of its stake as a ten percent owner in the fund.

Were there any sales or derivative exercises in this MXF Form 4 filing?

No sales or derivative exercises are reported in this Form 4. The transactionSummary shows two buy transactions totaling 41,442 shares, zero sales, and no derivative activity, indicating purely non-derivative open-market purchases of Mexico Fund (MXF) common stock by Saba Capital.

Is Saba Capital considered an insider or major holder of Mexico Fund (MXF)?

Yes. The Form 4 identifies Saba Capital Management, L.P. as a ten percent owner of The Mexico Fund, Inc. Holding 1,953,637 MXF shares after these transactions positions Saba as a significant shareholder subject to insider reporting requirements for its trading activity.