The Mexico Fund (NYSE: MXF): Saba Capital at 14.3% stake

Rhea-AI Filing Summary

Saba Capital Management and related reporting persons disclose beneficial ownership of 2,065,923 common shares of The Mexico Fund, Inc., representing 14.33% of the company’s outstanding stock as of April 30, 2026. The percentage is based on 14,420,065 common shares outstanding.

The stake is held through funds and accounts advised by Saba Capital, which receive dividends and sale proceeds. Approximately $38,017,352 was paid to acquire these shares, primarily via investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. All recent trades from April 23 to May 27, 2026 were executed in the open market.

Key Figures

Shares beneficially owned: 2,065,923 shares Ownership percentage: 14.33% Shares outstanding baseline: 14,420,065 shares +4 more

7 metrics

Shares beneficially owned 2,065,923 shares Common shares of The Mexico Fund reported by Saba and affiliates

Ownership percentage 14.33% Portion of The Mexico Fund common stock beneficially owned

Shares outstanding baseline 14,420,065 shares Common stock outstanding as of April 30, 2026

Total acquisition cost $38,017,352 Approximate amount paid to acquire the reported common shares

Sole voting power 0 shares No sole voting power reported by any reporting person

Shared voting power 2,065,923 shares Shares over which reporting persons share voting power

Event date May 27, 2026 Date of event triggering the Schedule 13D amendment

Key Terms

beneficial owner, Schedule 13D, margin account borrowings, dispositive power, +1 more

5 terms

beneficial owner financial

"the beneficial owner of the Common Shares reported herein"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

Schedule 13D regulatory

"previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

margin account borrowings financial

"and margin account borrowings made in the ordinary course of business"

dispositive power financial

"sole or shared power to dispose or to direct the disposition"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

subscription proceeds financial

"derived from the subscription proceeds from investors and the capital appreciation"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 05/28/2026 - 04:16 PM Accepted by SEC EDGAR 05/28/2026 - 04:15 PM Learn about SEC filing dates

FAQ

What ownership stake does Saba Capital report in The Mexico Fund (MXF)?

Saba Capital and related reporting persons report beneficial ownership of 2,065,923 common shares of The Mexico Fund, equal to 14.33% of the outstanding stock. This percentage is based on 14,420,065 common shares outstanding as of April 30, 2026, disclosed in a recent company filing.

How much did Saba Capital pay for its MXF shares?

The reporting persons state they paid approximately $38,017,352 to acquire the common shares of The Mexico Fund. This amount reflects purchases funded by investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings across the Saba-managed funds and accounts holding the position.

How were Saba Capital’s MXF purchases financed?

Purchases of The Mexico Fund shares were financed using subscription proceeds from investors, capital appreciation on those investments, and margin account borrowings. Positions in these margin accounts are pledged as collateral for any debit balances, alongside other securities held in the same accounts.

What voting and dispositive power does Saba Capital report over MXF shares?

The reporting persons disclose shared voting power over 2,065,923 common shares and shared dispositive power over the same amount, with no sole voting or dispositive power. This means decisions to vote or sell the shares are made on a shared basis across the reporting entities.

What period of MXF trading is covered in Saba Capital’s latest Schedule 13D/A?

The amendment covers transactions from April 23, 2026, the date of the prior amendment filing, through May 27, 2026, the new event date. All trades in The Mexico Fund’s common shares during this period were executed in the open market and detailed in an attached schedule.

Who are the reporting persons in the MXF Schedule 13D/A filing?

The filing is jointly made by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and individual Boaz R. Weinstein. Saba Capital serves as investment manager to various funds, Saba GP is its general partner, and Mr. Weinstein is managing member of the general partner.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 5)

The Mexico Fund, Inc.

(Name of Issuer)

Common Shares, $1.00 par value

(Title of Class of Securities)

592835102

(CUSIP Number)

Saba Capital Management, L.P.
405 Lexington Avenue, 58th Floor, Attention: Michael D'Angelo
New York, NY, 10174
(212) 542-4635

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

05/27/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 592835102

1

Name of reporting person

Saba Capital Management, L.P.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,065,923.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,065,923.00

11

Aggregate amount beneficially owned by each reporting person

2,065,923.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.33 %

14

Type of Reporting Person (See Instructions)

PN, IA

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 14,420,065 shares of common stock outstanding as of 4/30/26, as disclosed in the company's 8-K filed 5/7/26.

SCHEDULE 13D

CUSIP Number(s): 592835102

1

Name of reporting person

Boaz R. Weinstein

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,065,923.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,065,923.00

11

Aggregate amount beneficially owned by each reporting person

2,065,923.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.33 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 14,420,065 shares of common stock outstanding as of 4/30/26, as disclosed in the company's 8-K filed 5/7/26.

SCHEDULE 13D

CUSIP Number(s): 592835102

1

Name of reporting person

Saba Capital Management GP, LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 0.00
8	Shared Voting Power 2,065,923.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,065,923.00

11

Aggregate amount beneficially owned by each reporting person

2,065,923.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

14.33 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

The percentages used herein are calculated based upon 14,420,065 shares of common stock outstanding as of 4/30/26, as disclosed in the company's 8-K filed 5/7/26.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Shares, $1.00 par value
(b)	Name of Issuer: The Mexico Fund, Inc.
(c)	Address of Issuer's Principal Executive Offices: 6700 Alexander Bell Drive, Suite 200, Columbia, MARYLAND , 21046.
Item 1 Comment: This Amendment No. 5 amends Items 3, 5, and 7.
Item 2.	Identity and Background
(a)	This Schedule 13D/A is being jointly filed by: (i) Saba Capital Management, L.P., a Delaware limited partnership ("Saba Capital"); (ii) Saba Capital Management GP, LLC, a Delaware limited liability company ("Saba GP"); and (iii) Mr. Boaz R. Weinstein ("Mr. Weinstein"), (together, the "Reporting Persons"). Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. The filing of this statement should not be construed as an admission that any Reporting Person is, for the purposes of Sections 13 of the Securities Exchange Act of 1934, the beneficial owner of the Common Shares reported herein.
(b)	The address of the business office of each of the Reporting Persons is 405 Lexington Avenue, 58th Floor, New York, New York 10174.
(c)	The principal business of: (i) Saba Capital is to serve as investment manager to private and public investment funds and/or accounts, (ii) Saba GP is to serve as general partner of the Saba Capital and other affiliated entities, and (iii) Mr. Weinstein, an individual, is managing member of the general partner of Saba Capital and other affiliated entities.
(d)	The Reporting Persons have not, during the last five years, been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).
(e)	The Reporting Persons have not, during the last five years, been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction and, as a result of such proceeding, was, or is subject to, a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, Federal or State securities laws or finding any violation with respect to such laws.
(f)	Saba Capital is organized as a limited partnership under the laws of the State of Delaware. Saba GP is organized as a limited liability company under the laws of the State of Delaware. Mr. Weinstein is a citizen of the United States.
Item 3.	Source and Amount of Funds or Other Consideration
	Funds for the purchase of the Common Shares were derived from the subscription proceeds from investors and the capital appreciation thereon and margin account borrowings made in the ordinary course of business. In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time. Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Common Shares reported herein. A total of approximately $38,017,352 was paid to acquire the Common Shares reported herein.
Item 4.	Purpose of Transaction
	Not Applicable.
Item 5.	Interest in Securities of the Issuer
(a)	See the Reporting Persons section of this Schedule 13D/A for the aggregate number of Common Shares and percentages of the Common Shares beneficially owned by each of the Reporting Persons. The percentages used herein are calculated based upon 14,420,065 shares of common stock outstanding as of 4/30/26, as disclosed in the company's 8-K filed 5/7/26.
(b)	See the Reporting Persons section of this Schedule 13D/A for the number of Common Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Common Shares effected from the filing of the Schedule 13D/A on 4/23/26 by the Reporting Persons to 5/27/26, the date of the event which required filing of this Schedule 13D/A are set forth in Schedule A, and are incorporated herein by reference. All trades were effected in the open market.
(d)	The funds and accounts advised by Saba Capital have the right to receive the dividends and proceeds of sales from the Common Shares.
(e)	Not Applicable.
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not Applicable.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 7 - Schedule A

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Saba Capital Management, L.P.

Signature:	/s/ Michael D'Angelo
Name/Title:	General Counsel
Date:	05/28/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	05/28/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	05/28/2026

Comments accompanying signature:

Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823