Saba Capital (GF) boosts NEW GERMANY FUND stake with open-market share purchase

Rhea-AI Filing Summary

Saba Capital Management, L.P., a greater-than-ten-percent owner of NEW GERMANY FUND INC, bought additional common stock in an open-market transaction. The firm purchased 15,597 shares at a price of $10.84 per share, increasing its indirect holdings to 2,554,738 shares of the fund’s common stock.

Insider Trade Summary

Net Buyer: 15,597 shares ($169,071)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 15,597 shs ($169K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	15,597	$10.84	$169K

Holdings After Transaction: Common Stock — 2,554,738 shares (Indirect, -)

Footnotes (1)

Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Saba Capital Management, L.P.

(Last) (First) (Middle)

405 LEXINGTON AVENUE

58TH FLOOR

(Street)

NEW YORK NEW YORK 10174

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
NEW GERMANY FUND INC [ GF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/18/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	03/18/2026		P		15,597	A	$10.84	2,554,738	I	-

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	03/20/2026
	Boaz Weinstein	03/20/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Saba Capital report for GF on this Form 4?

Saba Capital Management, L.P. reported an open-market purchase of 15,597 shares of NEW GERMANY FUND INC common stock at $10.84 per share. This filing reflects a net increase in its indirect ownership position in the fund.

Is Saba Capital a major shareholder of NEW GERMANY FUND INC (GF)?

Yes, Saba Capital Management, L.P. is identified as a greater-than-ten-percent owner of NEW GERMANY FUND INC. After this transaction, it indirectly holds 2,554,738 shares of the fund’s common stock, as reported in the Form 4 filing.

How many GF shares did Saba Capital buy and at what price?

Saba Capital bought 15,597 shares of NEW GERMANY FUND INC common stock in an open-market transaction. The reported purchase price was $10.84 per share, according to the Form 4 transaction data provided.

What is Saba Capital’s total GF shareholding after this transaction?

Following the reported purchase, Saba Capital Management, L.P. indirectly owns 2,554,738 shares of NEW GERMANY FUND INC common stock. This total reflects its holdings after the 15,597-share open-market acquisition disclosed in the Form 4.

Was this GF insider Form 4 a buy or sell transaction?

The Form 4 reports a buy transaction. Saba Capital Management, L.P. executed an open-market purchase of 15,597 shares of NEW GERMANY FUND INC common stock, increasing its indirect ownership in the fund.

Does the GF Form 4 show any derivative or option activity by Saba Capital?

No derivative or option transactions are listed in this Form 4 excerpt. The filing shows only a single non-derivative transaction: an open-market purchase of NEW GERMANY FUND INC common stock by Saba Capital Management, L.P.