Saba Capital Management, L.P. reported beneficial ownership of 2,393,834 common shares of The Mexico Fund, Inc., or 16.6% of the class, according to an amended Schedule 13D filed Oct. 7 with the US Securities and Exchange Commission.
\nThe filing, Amendment No. 7, gives Oct. 5 as the date of the event that required it. It was made jointly with Saba Capital Management GP, LLC and Boaz R. Weinstein, whom the filing describes as managing member of the general partner of Saba Capital. The percentage is based on 14,420,065 shares of common stock outstanding, as disclosed in the company's 8-K, the filing says.
\nIn its statement of purpose, the filing says the reporting persons believe the shares are undervalued and may engage in discussions with management and the board on matters including the shares trading at a discount to net asset value and the timing of any potential liquidation. \"Furthermore, the Reporting Person may seek to influence the Issuer to engage in share buy-backs, tenders, and liquidations and/or to change its governance, investment strategy and/or investment manager (which may be the Reporting Person),\" the filing says.
\nThe filing says a total of approximately $45,058,855 was paid to acquire the shares reported. It says recent transactions in the shares were all in the open market and are listed in a schedule attached to the filing.
\nSaba Capital Management, L.P., one of the firm's SEC-registered advisers, reported $18.3 billion in regulatory assets under management and 12 private funds in the SEC's adviser data for September 2026.
", "text": "Saba Capital Management, L.P. reported beneficial ownership of 2,393,834 common shares of The Mexico Fund, Inc., or 16.6% of the class, according to an amended Schedule 13D filed Oct. 7 with the US Securities and Exchange Commission.\n\nThe filing, Amendment No. 7, gives Oct. 5 as the date of the event that required it. It was made jointly with Saba Capital Management GP, LLC and Boaz R. Weinstein, whom the filing describes as managing member of the general partner of Saba Capital. The percentage is based on 14,420,065 shares of common stock outstanding, as disclosed in the company's 8-K, the filing says.\n\nIn its statement of purpose, the filing says the reporting persons believe the shares are undervalued and may engage in discussions with management and the board on matters including the shares trading at a discount to net asset value and the timing of any potential liquidation. \"Furthermore, the Reporting Person may seek to influence the Issuer to engage in share buy-backs, tenders, and liquidations and/or to change its governance, investment strategy and/or investment manager (which may be the Reporting Person),\" the filing says.\n\nThe filing says a total of approximately $45,058,855 was paid to acquire the shares reported. It says recent transactions in the shares were all in the open market and are listed in a schedule attached to the filing.\n\nSaba Capital Management, L.P., one of the firm's SEC-registered advisers, reported $18.3 billion in regulatory assets under management and 12 private funds in the SEC's adviser data for September 2026." }, "claims": [], "contact": "research@alphanume.com", "corrections": [], "dek": "The filing says Saba may seek to influence the issuer to engage in share buy-backs, tenders, and liquidations, or to change its governance, investment strategy or investment manager.", "desk": "activism", "desk_label": "Activism", "entities": [ { "basis": "identifier or the record itself", "in_headline": true, "name": "Saba Capital", "role": "filer" } ], "facts": [ { "key": "activist", "receipt": "0001062993-26-005216", "source": { "path": "formData/reportingPersons (matcher)", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital" }, { "key": "filer", "receipt": "0001062993-26-005216", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/reportingPersonName", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital Management, L.P." }, { "key": "issuer", "receipt": "0001062993-26-005216", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "The Mexico Fund, Inc." }, "text": "The Mexico Fund, Inc." }, { "key": "activist_head", "receipt": "0001062993-26-005216", "source": { "path": "formData/reportingPersons (matcher)", "value": "Saba Capital Management, L.P." }, "text": "Saba Capital" }, { "key": "issuer_head", "receipt": "0001062993-26-005216", "source": { "path": "formData/coverPageHeader/issuerInfo/issuerName", "value": "The Mexico Fund" }, "text": "The Mexico Fund" }, { "key": "pct", "receipt": "0001062993-26-005216", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/percentOfClass", "value": "16.6" }, "text": "16.6%" }, { "key": "shares", "receipt": "0001062993-26-005216", "source": { "path": "formData/reportingPersons/reportingPersonInfo[1]/aggregateAmountOwned", "value": "2393834" }, "text": "2,393,834" }, { "key": "demand_phrase", "receipt": "0001062993-26-005216", "source": { "path": "formData/items1To7/item4 (verbatim)", "value": "share buy-backs, tenders, and liquidations" }, "text": "share buy-backs, tenders, and liquidations" }, { "key": "co_filer_0", "receipt": "0001062993-26-005216", "source": { "path": "formData/reportingPersons/reportingPersonInfo[2]", "value": "Boaz R. Weinstein" }, "text": "Boaz R. Weinstein" }, { "key": "co_filer_1", "receipt": "0001062993-26-005216", "source": { "path": "formData/reportingPersons/reportingPersonInfo[3]", "value": "Saba Capital Management GP, LLC" }, "text": "Saba Capital Management GP, LLC" }, { "key": "filed_date__short", "receipt": "0001062993-26-005216", "source": { "path": "edgar:daily-index/date-filed", "value": "2026-10-07" }, "text": "Oct. 7" }, { "key": "event_date__short", "receipt": "0001062993-26-005216", "source": { "path": "formData/coverPageHeader/dateOfEvent", "value": "10/05/2026" }, "text": "Oct. 5" }, { "key": "ctx_adviser", "receipt": "ia09012026-registered.zip", "source": { "path": "adviser file CRD 154362: Legal Name", "value": "SABA CAPITAL MANAGEMENT, L.P." }, "text": "Saba Capital Management, L.P." }, { "key": "ctx_raum", "receipt": "ia09012026-registered.zip", "source": { "path": "adviser file CRD 154362: regulatory AUM", "value": "18,303,991,573.00" }, "text": "$18.3 billion" }, { "key": "ctx_private_funds", "receipt": "ia09012026-registered.zip", "source": { "path": "adviser file CRD 154362: private funds", "value": "12" }, "text": "12" }, { "key": "ctx_file_month", "receipt": "ia09012026-registered.zip", "source": { "value": "2026-09-01" }, "text": "September 2026" } ], "guid": "tag:alphanume.com,2026:news:s_k4m43t75fktv", "headline": "Saba Capital Updates 13D on The Mexico Fund, Reports 16.6% Stake", "id": "s_k4m43t75fktv", "kind": "story", "legal": { "allegation": false, "stage": null }, "published_at": "2026-10-07T12:02:33+00:00", "receipts": [ { "filed": "2026-09-01", "form": "adviser_registered", "id": "ia09012026-registered.zip", "label": "SEC monthly adviser file (context)", "source": "adviser_file", "type": "sec_file", "type_label": "SEC adviser file", "url": "https://www.sec.gov/files/investment/data/other/information-about-registered-investment-advisers-exempt-reporting-advisers/ia09012026-registered.zip" }, { "cik": "1510281", "filed": "2026-10-07", "form": "SCHEDULE 13D/A", "id": "0001062993-26-005216", "label": "Schedule 13D accession 0001062993-26-005216", "source": "edgar", "type": "accession", "type_label": "EDGAR accession", "url": "https://www.sec.gov/Archives/edgar/data/1510281/000106299326005216/0001062993-26-005216-index.htm" } ], "record_date": "2026-10-07", "schema": "alphanume.news/item/v1", "slug": "saba-capital-updates-13d-on-the-mexico-fund-reports-16-6-stake", "status": "published", "type": "activist_13d_amendment", "updated_at": "2026-10-07T12:02:33+00:00", "version": 1, "url": "https://news.alphanume.com/stories/saba-capital-updates-13d-on-the-mexico-fund-reports-16-6-stake", "api_url": "https://news.alphanume.com/api/v1/stories/s_k4m43t75fktv" }