New Germany Fund (GF) director reinvests dividend into more shares

Rhea-AI Filing Summary

New Germany Fund Inc. director Leoni Wolfgang Helmut increased his holdings through dividend reinvestment. On 01/30/2026, he acquired 13.43 shares of common stock at $11.94 per share under a transaction coded “J,” which indicates a non-open-market transaction. Following this, he directly owns 1,249.2 shares of the fund.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Leoni Wolfgang Helmut

Role Director

Type	Security	Shares	Price	Value
Other	Common Stock	13.43	$11.94	$160.35

Holdings After Transaction: Common Stock — 1,249.2 shares (Direct)

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^*

Leoni Wolfgang Helmut

(Last) (First) (Middle)

C/O MACI JOPLIN, DWS

5201 GATE PARKWAY

(Street)

JACKSONVILLE FL 32256

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
01/30/2026

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	01/30/2026		J		13.43	A	$11.94	1,249.2	D

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:

Remarks:

Shares acquired through dividend reinvestment.

	Maci Joplin, Attorney-in-Fact	02/02/2026
	** 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 New Germany Fund (GF) report on January 30, 2026?

New Germany Fund (GF) reported that director Leoni Wolfgang Helmut acquired 13.43 common shares on January 30, 2026. The shares were obtained through dividend reinvestment at a price of $11.94 per share, modestly increasing his direct ownership stake in the fund.

How many New Germany Fund (GF) shares does the director own after this Form 4?

After the reported transaction, director Leoni Wolfgang Helmut beneficially owns 1,249.2 New Germany Fund common shares directly. This total reflects the additional 13.43 shares acquired on January 30, 2026 through dividend reinvestment at $11.94 per share.

Was the New Germany Fund (GF) insider transaction an open-market trade?

The transaction was not an open-market trade. It is coded “J,” and the remarks state the shares were acquired through dividend reinvestment, meaning dividends were automatically used to purchase 13.43 additional New Germany Fund common shares at $11.94 each.

Who is the insider involved in the latest New Germany Fund (GF) Form 4?

The insider is Leoni Wolfgang Helmut, a director of New Germany Fund Inc. The Form 4 shows he acquired 13.43 common shares through dividend reinvestment at $11.94 per share, bringing his directly held position to 1,249.2 shares.

What does the transaction code “J” mean in the New Germany Fund (GF) Form 4?

In this Form 4, code “J” is used with a remark that shares were acquired through dividend reinvestment. This indicates a non-open-market transaction where cash dividends were automatically used to buy 13.43 New Germany Fund common shares at $11.94 per share.