Saba Capital Management, L.P. reported owning 2,544,332 shares of The Mexico Fund, Inc., or 17.64% of its common shares, according to a Schedule 13D amendment filed Nov. 10 with the US Securities and Exchange Commission.
\nThe filing gives Nov. 9 as the date of the event that required it. Saba's previous Schedule 13D amendment, filed Oct. 7, reported a 16.6% stake. The latest filing calculates the percentage based on 14,420,065 shares outstanding, as disclosed by the company.
\nThe filing is made jointly with Saba Capital Management GP, LLC and Boaz R. Weinstein, whom it describes as managing member of the general partner of Saba Capital. Saba says the money for the purchases came from investor subscription proceeds, capital appreciation and margin account borrowings made in the ordinary course of business.
\nAmendment No. 8 updates the funding, ownership and exhibit sections and leaves the stated purpose unchanged. In the October filing, Saba said it acquired the shares for investment purposes \"because they believe that the Common Shares are undervalued and represent an attractive investment opportunity.\" That filing also listed possible discussions with the fund's board and management about matters including the shares' trading at a discount to net asset value and the timing of any potential liquidation.
\nSaba Capital Management, L.P., one of the firm's SEC-registered advisers, reported $18.3 billion in regulatory assets under management across 12 private funds in the SEC's adviser data for September 2026.
", "text": "Saba Capital Management, L.P. reported owning 2,544,332 shares of The Mexico Fund, Inc., or 17.64% of its common shares, according to a Schedule 13D amendment filed Nov. 10 with the US Securities and Exchange Commission.\n\nThe filing gives Nov. 9 as the date of the event that required it. Saba's previous Schedule 13D amendment, filed Oct. 7, reported a 16.6% stake. The latest filing calculates the percentage based on 14,420,065 shares outstanding, as disclosed by the company.\n\nThe filing is made jointly with Saba Capital Management GP, LLC and Boaz R. Weinstein, whom it describes as managing member of the general partner of Saba Capital. Saba says the money for the purchases came from investor subscription proceeds, capital appreciation and margin account borrowings made in the ordinary course of business.\n\nAmendment No. 8 updates the funding, ownership and exhibit sections and leaves the stated purpose unchanged. In the October filing, Saba said it acquired the shares for investment purposes \"because they believe that the Common Shares are undervalued and represent an attractive investment opportunity.\" That filing also listed possible discussions with the fund's board and management about matters including the shares' trading at a discount to net asset value and the timing of any potential liquidation.\n\nSaba Capital Management, L.P., one of the firm's SEC-registered advisers, reported $18.3 billion in regulatory assets under management across 12 private funds in the SEC's adviser data for September 2026." }, "claims": [ { "evidence": "16.6", "kind": "lifts_stake", "receipt": "0001062993-26-005216" } ], "contact": "research@alphanume.com", "corrections": [], "dek": "Saba Capital says a total of approximately $48,142,144 was paid to acquire the shares, and that all trades since its Oct. 7 filing were made in the open market.", "desk": "activism", "desk_label": "Activism", "entities": [ { "basis": "identifier or the record itself", "in_headline": true, "name": "Saba Capital", "role": "filer" } ], "facts": [ { "key": "activist", "receipt": "0001062993-26-005889", "source": { "path": "formData/reportingPersons (matcher)", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital" }, { "key": "filer", "receipt": "0001062993-26-005889", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/reportingPersonName", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital Management, L.P." }, { "key": "issuer", "receipt": "0001062993-26-005889", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "The Mexico Fund, Inc." }, "text": "The Mexico Fund, Inc." }, { "key": "activist_head", "receipt": "0001062993-26-005889", "source": { "path": "formData/reportingPersons (matcher)", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital" }, { "key": "issuer_head", "receipt": "0001062993-26-005889", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "The Mexico Fund" }, "text": "The Mexico Fund" }, { "key": "pct", "receipt": "0001062993-26-005889", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/percentOfClass", "value": "17.64" }, "text": "17.64%" }, { "key": "shares", "receipt": "0001062993-26-005889", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/aggregateAmountOwned", "value": "2544332" }, "text": "2,544,332" }, { "key": "prior_pct", "receipt": "0001062993-26-005216", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/percentOfClass", "value": "16.6" }, "text": "16.6%" }, { "key": "co_filer_0", "receipt": "0001062993-26-005889", "source": { "path": "formData/reportingPersons/reportingPersonInfo[2]", "value": "Boaz R. 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