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

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of NEW GERMANY FUND INC, reported an open-market purchase of common stock. On February 23, 2026, it bought 15,920 shares at $12.19 per share, bringing its indirect holdings to 2,528,286 shares.

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)
02/23/2026

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	02/23/2026		P		15,920	A	$12.19	2,528,286	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	02/24/2026
	Boaz Weinstein	02/24/2026
	** 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.

FAQ

What insider transaction did Saba Capital report for GF?

Saba Capital Management, L.P. reported buying 15,920 shares of NEW GERMANY FUND INC common stock. The purchase was an open-market transaction at $12.19 per share on February 23, 2026, and increased its indirect holdings to 2,528,286 shares.

When did the Saba Capital insider purchase of NEW GERMANY FUND (GF) shares occur?

The Saba Capital purchase of NEW GERMANY FUND INC shares took place on February 23, 2026. This Form 4 filing records an open-market transaction in common stock, with 15,920 shares acquired at a price of $12.19 per share.

How many NEW GERMANY FUND (GF) shares does Saba Capital own after this transaction?

After the reported transaction, Saba Capital Management, L.P. indirectly owns 2,528,286 shares of NEW GERMANY FUND INC common stock. This figure reflects its total indirect holdings following the open-market purchase disclosed for February 23, 2026.

What price did Saba Capital pay per share for NEW GERMANY FUND (GF)?

Saba Capital Management, L.P. paid $12.19 per share for NEW GERMANY FUND INC common stock. This price applies to the 15,920 shares acquired in an open-market purchase on February 23, 2026, as disclosed in the Form 4 insider filing.

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

Yes, Saba Capital Management, L.P. is identified as a more than ten percent owner of NEW GERMANY FUND INC. The Form 4 shows it indirectly holds 2,528,286 common shares after its February 23, 2026 open-market purchase of 15,920 additional shares.