Saba Capital (GF 10% owner) adds 58,289 New Germany Fund shares at $12.19

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of New Germany Fund Inc., reported buying additional common stock. On 02/02/2026 it purchased 58,289 shares at $12.19 per share. After this transaction, it indirectly beneficially owns 2,315,154 shares of the fund’s common stock.

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

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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 NY 10174

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/02/2026

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

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

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

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	02/02/2026		P		58,289	A	$12.19	2,315,154	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	02/03/2026
	Boaz Weinstein	02/03/2026
	** 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.

FAQ

What insider transaction did Saba Capital report in New Germany Fund (GF)?

Saba Capital Management, L.P. reported buying 58,289 shares of New Germany Fund common stock. The purchase occurred on February 2, 2026 at a price of $12.19 per share, increasing its indirectly beneficially owned position in the fund.

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

The shares were purchased at $12.19 per share. This price applies to the entire 58,289-share transaction reported for February 2, 2026, and reflects the cost basis disclosed for this specific insider purchase by Saba Capital Management, L.P.

How many New Germany Fund (GF) shares does Saba Capital own after the trade?

After the reported transaction, Saba Capital Management, L.P. indirectly beneficially owns 2,315,154 shares of New Germany Fund common stock. This total includes the additional 58,289 shares purchased on February 2, 2026 at $12.19 per share.

Is Saba Capital considered a major shareholder of New Germany Fund (GF)?

Yes, Saba Capital Management, L.P. is identified as a 10% owner of New Germany Fund Inc. This means it holds at least ten percent of the fund’s shares, and its transactions must be reported on Form 4 under U.S. securities regulations.

Was the Saba Capital New Germany Fund (GF) transaction direct or indirect?

The filing classifies Saba Capital Management, L.P.’s ownership as indirect. The Form 4 lists the 2,315,154 New Germany Fund common shares as indirectly beneficially owned, indicating they are held through an entity or structure associated with Saba Capital.