Saba Capital discloses 13.07% The Mexico Fund (NYSE: MXF) holding

Rhea-AI Filing Summary

Saba Capital Management, L.P. and related reporting persons disclose a 13.07% beneficial ownership stake in The Mexico Fund, Inc. They report holding 1,884,830 common shares with shared voting and dispositive power, based on 14,420,065 shares outstanding as of March 31, 2026.

The filing states that approximately $34,037,487 was paid to acquire these shares, using investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings. The funds and accounts advised by Saba Capital have the right to receive dividends and sale proceeds from these shares.

Key Figures

Beneficial ownership: 1,884,830 shares Ownership percentage: 13.07% of class Shares outstanding baseline: 14,420,065 shares +4 more

7 metrics

Beneficial ownership 1,884,830 shares Common shares of The Mexico Fund reported as beneficially owned

Ownership percentage 13.07% of class Portion of The Mexico Fund common shares represented by Saba’s holdings

Shares outstanding baseline 14,420,065 shares Common stock outstanding as of March 31, 2026 used for percentage

Total acquisition cost $34,037,487 Approximate amount paid to acquire the reported common shares

Sole voting power 0 shares Sole voting power reported by each reporting person

Shared voting power 1,884,830 shares Shares over which reporting persons share voting power

Event date 04/22/2026 Date of event requiring the amended Schedule 13D filing

Key Terms

beneficial owner, Schedule 13D/A, shared voting power, shared dispositive power, +2 more

6 terms

beneficial owner regulatory

"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."

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/A regulatory

"This Amendment No. 4 amends Items 3, 5, and 7."

A Schedule 13D/A is an amended disclosure filed with regulators by an investor who already reported owning more than 5% of a company’s shares and needs to update their original filing. Think of it as a public status update that tells markets whether the investor’s ownership, plans, or source of funds have changed; such updates matter because they can signal a push for control, major strategic moves, or increased pressure on management, which can affect stock prices.

shared voting power regulatory

"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 0.00 8 | Shared Voting Power 1,884,830.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

shared dispositive power regulatory

"9 | Sole Dispositive Power 0.00 10 | Shared Dispositive Power 1,884,830.00"

margin account borrowings financial

"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."

aggregate amount beneficially owned regulatory

"11Aggregate amount beneficially owned by each reporting person 1,884,830.00"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

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)

04/22/2026

(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 1,884,830.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,884,830.00

11

Aggregate amount beneficially owned by each reporting person

1,884,830.00

12

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

13

Percent of class represented by amount in Row (11)

13.07 %

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 3/31/26, as disclosed in the company's 8-K filed 4/7/26.

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 1,884,830.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,884,830.00

11

Aggregate amount beneficially owned by each reporting person

1,884,830.00

12

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

13

Percent of class represented by amount in Row (11)

13.07 %

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 3/31/26, as disclosed in the company's 8-K filed 4/7/26.

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 1,884,830.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 1,884,830.00

11

Aggregate amount beneficially owned by each reporting person

1,884,830.00

12

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

13

Percent of class represented by amount in Row (11)

13.07 %

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 3/31/26, as disclosed in the company's 8-K filed 4/7/26.

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. 4 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 $34,037,487 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 3/31/26, as disclosed in the company's 8-K filed 4/7/26.
(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 by the Reporting Persons within the past sixty days prior to 4/22/26, the date of the event which required filing of this Schedule 13D/A, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference.
(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 6 - 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:	04/23/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	04/23/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	04/23/2026

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

FAQ

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

Saba Capital and related reporting persons report beneficial ownership of 1,884,830 common shares of The Mexico Fund, Inc., representing 13.07% of the outstanding shares. This percentage is calculated using 14,420,065 shares outstanding as of March 31, 2026.

How many The Mexico Fund (MXF) shares did Saba Capital say it beneficially owns?

The filing states that Saba Capital and affiliated reporting persons beneficially own 1,884,830 common shares of The Mexico Fund, Inc. They report shared power to vote and dispose of all these shares, with no sole voting or dispositive power reported.

What percentage of The Mexico Fund (MXF) is owned, and what share count is used?

The reporting persons state they own 13.07% of The Mexico Fund’s common shares. This is calculated using 14,420,065 shares outstanding as of March 31, 2026, as disclosed in the company’s April 7, 2026 Form 8-K.

How much did Saba Capital pay for its The Mexico Fund (MXF) position?

The filing reports that approximately $34,037,487 was paid to acquire the common shares of The Mexico Fund, Inc. Funds came from investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings secured by positions in the margin accounts.

Who are the reporting persons in this Schedule 13D/A for The Mexico Fund (MXF)?

The Schedule 13D/A is jointly filed by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. Saba Capital acts as investment manager, Saba GP as general partner, and Mr. Weinstein is managing member of Saba Capital’s general partner.

What is the purpose of Saba Capital’s transaction in The Mexico Fund (MXF)?

Under the item describing purpose of transaction, the filing states “Not Applicable.” The document focuses on disclosing beneficial ownership, voting and dispositive powers, and transaction details over the prior sixty days, rather than specifying a particular strategic purpose.