Saba Capital adds New Germany Fund (GF) stake with 55K open-market buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of New Germany Fund Inc, reported open-market purchases of common stock. It bought 55,138 shares across two days at prices around $12 per share. After these trades, Saba indirectly holds 3,436,762 shares of the fund’s common stock.

Insider Trade Summary

Net Buyer: 55,138 shares ($661,661)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role null

Bought 55,138 shs ($662K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	55,038	$12.00	$660K
Purchase	Common Stock	100	$12.05	$1K

Holdings After Transaction: Common Stock — 3,436,762 shares (Indirect, -)

Footnotes (1)

Key Figures

Total shares bought: 55,138 shares Purchase price (larger trade): $12.00 per share Purchase price (smaller trade): $12.05 per share +2 more

5 metrics

Total shares bought 55,138 shares Open-market purchases reported in this Form 4

Purchase price (larger trade) $12.00 per share 55,038-share open-market buy

Purchase price (smaller trade) $12.05 per share 100-share open-market buy

Shares held after trades 3,436,762 shares Indirect holdings following latest transaction

Transaction dates June 1–2, 2026 Dates of reported open-market purchases

Key Terms

open-market purchase, indirect ownership, ten percent owner, Form 4

4 terms

open-market purchase financial

"It bought 55,138 shares across two days at prices around $12 per share."

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

indirect ownership financial

"After these trades, Saba indirectly holds 3,436,762 shares of the fund’s common stock."

ten percent owner regulatory

"Saba Capital Management, L.P., a ten percent owner of New Germany Fund Inc, reported open-market purchases"

Form 4 regulatory

"The purchases occurred over two days at prices near $12 per share, increasing its indirect holdings to 3,436,762 shares following the most recent trade disclosed."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

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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)
06/01/2026

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	06/01/2026		P		100	A	$12.05	3,381,724	I	-
Common Stock	06/02/2026		P		55,038	A	$12	3,436,762	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	06/03/2026
	Boaz Weinstein	06/03/2026
	** 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 transactions did Saba Capital report for New Germany Fund (GF)?

Saba Capital Management reported buying 55,138 shares of New Germany Fund common stock in open-market transactions. The purchases occurred over two days at prices near $12 per share, increasing its indirect holdings to 3,436,762 shares following the most recent trade disclosed.

At what prices did Saba Capital buy New Germany Fund (GF) shares?

Saba Capital bought New Germany Fund common shares at about $12.00 and $12.05 per share in open-market purchases. These closely clustered prices suggest routine accumulation rather than highly volatile trading during the period covered by the Form 4 transactions.

How many New Germany Fund (GF) shares does Saba Capital hold after these trades?

After the reported transactions, Saba Capital indirectly holds 3,436,762 shares of New Germany Fund common stock. This figure reflects its position following the larger $12.00 per-share purchase and represents the updated stake disclosed in this Form 4 filing.

Were Saba Capital’s New Germany Fund (GF) transactions buys or sells?

All reported transactions were open-market purchases of New Germany Fund common stock. The Form 4 shows two buy entries totaling 55,138 shares, with no corresponding sales, indicating a net increase in Saba Capital’s indirect ownership position in the fund.

Does Saba Capital hold New Germany Fund (GF) shares directly or indirectly?

The Form 4 identifies Saba Capital’s ownership as indirect, coded as “I” for these transactions. That means the 3,436,762 shares following the latest purchase are held through an entity or structure associated with Saba Capital rather than in its own direct name.