New Germany Fund Inc (NYSE: GF) sees small insider share purchase by Saba Capital

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, purchased 38 shares of common stock on 2026-07-23 at $11.18 per share in an open-market or private transaction. After this indirect purchase, Saba Capital reported holding 3,669,721 shares in total.

Insider Trade Summary

Net Buyer: 38 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 38 shs ($424.84)

Type	Security	Shares	Price	Value
Purchase	Common Stock	38	$11.18	$424.84

Holdings After Transaction: Common Stock — 3,669,721 shares (Indirect, -)

Key Figures

Shares purchased: 38.0000 shares Purchase price: $11.1800 per share Shares held after transaction: 3669721.0000 shares +1 more

4 metrics

Shares purchased 38.0000 shares Common stock bought on 2026-07-23

Purchase price $11.1800 per share Price paid for common stock on 2026-07-23

Shares held after transaction 3669721.0000 shares Indirect common stock holdings following the purchase

Net buy shares 38 shares Net share change across reported transactions

Key Terms

ten percent owner, indirect ownership, open market or private transaction

3 terms

ten percent owner financial

"Saba Capital Management, L.P. is identified as a ten percent owner"

indirect ownership financial

"The transaction is reported with indirect ownership of the shares"

open market or private transaction financial

"Transaction code description notes an open market or private transaction"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/24/2026 - 11:13 AM Accepted by SEC EDGAR 07/24/2026 - 11:12 AM Learn about SEC filing dates

FAQ

What insider transaction in GF did Saba Capital report?

Saba Capital Management, L.P. reported a purchase of 38 common shares of NEW GERMANY FUND INC (GF) on 2026-07-23 at $11.18 per share, increasing its indirectly held position to 3,669,721 shares after the transaction.

How many GF shares does Saba Capital hold after this transaction?

Following the reported purchase, Saba Capital’s indirect holdings in GF total 3,669,721 shares of common stock. This figure reflects the position after acquiring 38 shares in the open market or a private transaction on 2026-07-23.

What was the price paid per GF share in the reported purchase?

Saba Capital paid $11.18 per share for 38 GF common shares. The transaction is described as a purchase in an open market or private transaction, and the ownership is reported as indirect rather than directly held by the firm.

Is Saba Capital a significant owner of NEW GERMANY FUND INC (GF)?

Yes. Saba Capital Management, L.P. is identified as a ten percent owner of NEW GERMANY FUND INC (GF). After the latest reported purchase, it indirectly holds 3,669,721 common shares, underscoring its status as a large shareholder in the fund.

Was the latest GF share purchase by Saba Capital under a Rule 10b5-1 plan?

The report indicates the Rule 10b5-1 checkbox is not marked as relying on a trading plan. The 38-share purchase at $11.18 per share is therefore not characterized as executed pursuant to a pre-arranged Rule 10b5-1 plan.

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)
07/23/2026

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	07/23/2026		P		38	A	$11.18	3,669,721	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	07/24/2026
	Boaz Weinstein	07/24/2026
	** 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)