Saba Capital (MXF) discloses $41.7M, 15.5% position in The Mexico Fund

Rhea-AI Filing Summary

Saba Capital Management and related parties report a sizable stake in The Mexico Fund, Inc. (MXF). They disclose beneficial ownership of 2,234,685 common shares, representing 15.5% of the company’s outstanding stock, based on 14,420,065 shares outstanding as of 5/31/26.

The filing, Amendment No. 6 to a Schedule 13D, shows Saba Capital, Saba Capital Management GP, LLC, and Boaz R. Weinstein sharing voting and dispositive power over these shares. Approximately $41,719,092 was paid to acquire the position, funded by investor subscriptions, capital appreciation, and ordinary-course margin borrowings.

All trades from the prior amendment on 5/28/26 through 6/12/26 were executed in the open market. The filers state no specific current purpose of transaction beyond holding the investment, and note that funds advised by Saba Capital receive dividends and sale proceeds from these shares.

Insights

Activist and governance analyst

Saba discloses a 15.5% open-market stake in The Mexico Fund.

Saba Capital, its general partner, and Boaz R. Weinstein collectively report beneficial ownership of 2,234,685 common shares, or 15.5% of The Mexico Fund, Inc. This is a large position for a single holder in a closed-end fund structure.

The stake cost about $41,719,092, funded by investor capital, appreciation, and margin borrowings. The filing notes shared voting and dispositive power, but Item 4 lists no additional current plans or proposals, keeping the disclosure focused on ownership rather than strategy.

Because all trades since the prior amendment on 5/28/26 were open-market purchases through 6/12/26, the position has been built transparently in the market. Future company filings or additional Schedule 13D amendments would be the place to look for any change in stated intentions regarding this sizable holding.

Key Figures

Shares beneficially owned: 2,234,685 shares Ownership percentage: 15.5% Shares outstanding baseline: 14,420,065 shares +2 more

5 metrics

Shares beneficially owned 2,234,685 shares Common shares of The Mexico Fund reported by Saba and affiliates

Ownership percentage 15.5% Portion of The Mexico Fund’s common stock beneficially owned

Shares outstanding baseline 14,420,065 shares Common stock outstanding as of May 31, 2026

Aggregate purchase price $41,719,092 Total paid to acquire the reported common shares

Event date June 12, 2026 Date of event requiring this Schedule 13D amendment

Key Terms

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

5 terms

beneficial owner financial

"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 regulatory

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

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

"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."

dispositive power financial

"See the Reporting Persons section of this /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."

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.

open market financial

"All trades were effected in the open market."

An open market is a system where buying and selling of goods, services, or financial assets happen freely without restrictions or special controls. For investors, it means they can trade assets easily and quickly, which helps determine fair prices based on supply and demand. This environment encourages transparency and competition, making it easier to buy or sell with confidence.

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Available on EDGAR 06/16/2026 - 03:21 PM Accepted by SEC EDGAR 06/16/2026 - 03:20 PM Learn about SEC filing dates

FAQ

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

Saba Capital and related parties report beneficial ownership of 2,234,685 common shares of The Mexico Fund, Inc., equal to 15.5% of the company’s outstanding stock based on 14,420,065 shares outstanding as of May 31, 2026.

How much did Saba Capital pay to acquire its MXF shares?

The filing states that approximately $41,719,092 was paid to acquire the common shares. Funds came from investor subscription proceeds, capital appreciation, and ordinary-course margin borrowings secured by positions in the relevant accounts.

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

The Schedule 13D/A is jointly filed by Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. Together they are referred to as the Reporting Persons and share voting and dispositive power over the reported shares.

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

Each reporting person discloses 0 shares with sole voting or dispositive power and 2,234,685 shares with shared voting and shared dispositive power, reflecting coordinated control over how these shares are voted and potentially sold.

When did the ownership changes in MXF that triggered this amendment occur?

The date of the event requiring this amendment is listed as June 12, 2026. The filing notes that all relevant trades in The Mexico Fund’s common shares were made in the open market between May 28, 2026, and June 12, 2026.

Does Saba Capital describe a specific purpose for its MXF investment?

Under the Purpose of Transaction section, the filing states “Not Applicable”, indicating no additional current plans or proposals beyond holding the investment are described. Any future strategic intentions would typically appear in subsequent amendments.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

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)

06/12/2026

(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 2,234,685.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,234,685.00

11

Aggregate amount beneficially owned by each reporting person

2,234,685.00

12

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

13

Percent of class represented by amount in Row (11)

15.5 %

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 5/31/26, as disclosed in the company's 8-K filed 6/5/26.

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 2,234,685.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,234,685.00

11

Aggregate amount beneficially owned by each reporting person

2,234,685.00

12

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

13

Percent of class represented by amount in Row (11)

15.5 %

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 5/31/26, as disclosed in the company's 8-K filed 6/5/26.

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 2,234,685.00
9	Sole Dispositive Power 0.00
10	Shared Dispositive Power 2,234,685.00

11

Aggregate amount beneficially owned by each reporting person

2,234,685.00

12

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

13

Percent of class represented by amount in Row (11)

15.5 %

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 5/31/26, as disclosed in the company's 8-K filed 6/5/26.

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. 6 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 $41,719,092 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 5/31/26, as disclosed in the company's 8-K filed 6/5/26.
(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 5/28/26 by the Reporting Persons to 6/12/26, 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 8 - 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:	06/16/2026

Boaz R. Weinstein

Signature:	/s/ Michael D'Angelo
Name/Title:	Authorized Signatory
Date:	06/16/2026

Saba Capital Management GP, LLC

Signature:	/s/ Michael D'Angelo
Name/Title:	Attorney-in-fact*
Date:	06/16/2026

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