Saba Capital boosts New Germany Fund (NYSE: GF) stake with stock buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported open-market purchases of the fund’s common stock. It bought 53,837 shares on June 15, 2026 at $11.60 per share and 28,758 shares on June 16, 2026 at $11.81 per share. After these indirect purchases, Saba Capital reported holding 3,592,535 common shares.

Insider Trade Summary

Net Buyer: 82,595 shares ($964,141)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role null

Bought 82,595 shs ($964K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	28,758	$11.81	$340K
Purchase	Common Stock	53,837	$11.60	$625K

Holdings After Transaction: Common Stock — 3,592,535 shares (Indirect, -)

Footnotes (1)

Key Figures

June 15 purchase: 53,837 shares at $11.60 June 16 purchase: 28,758 shares at $11.81 Total shares bought: 82,595 shares +3 more

6 metrics

June 15 purchase 53,837 shares at $11.60 Open-market common stock buy on June 15, 2026

June 16 purchase 28,758 shares at $11.81 Open-market common stock buy on June 16, 2026

Total shares bought 82,595 shares Net common shares purchased across both reported trades

Holdings after trades 3,592,535 shares Indirect common stock holdings following June 16, 2026 purchase

Larger trade value $624,509.20 53,837 shares at $11.60 on June 15, 2026

Smaller trade value $339,247.98 28,758 shares at $11.81 on June 16, 2026

Key Terms

ten percent owner, open-market purchase, indirect ownership

3 terms

ten percent owner financial

"Saba Capital Management, L.P. is reported as a ten percent owner of NEW GERMANY FUND INC."

open-market purchase financial

"Each transaction is described as an open-market purchase of common stock using transaction code P."

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

"The Form 4 classifies these holdings as indirect ownership of NEW GERMANY FUND INC common stock."

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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)
06/15/2026

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	06/15/2026		P		53,837	A	$11.6	3,563,777	I	-
Common Stock	06/16/2026		P		28,758	A	$11.81	3,592,535	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	06/17/2026
	Boaz Weinstein	06/17/2026
	** 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 in NEW GERMANY FUND INC (GF)?

Saba Capital reported two open-market purchases of NEW GERMANY FUND INC common stock. It bought 53,837 shares on June 15, 2026 at $11.60 and 28,758 shares on June 16, 2026 at $11.81, increasing its indirect holdings in the fund.

How many NEW GERMANY FUND INC (GF) shares does Saba Capital hold after these trades?

Saba Capital reported holding 3,592,535 common shares of NEW GERMANY FUND INC after the June 2026 purchases. These shares are reported as indirect ownership, reflecting its position following the two disclosed open-market transactions.

What prices did Saba Capital pay for NEW GERMANY FUND INC (GF) shares?

Saba Capital paid $11.60 and $11.81 per share for NEW GERMANY FUND INC common stock. It purchased 53,837 shares at $11.60 on June 15, 2026 and 28,758 shares at $11.81 on June 16, 2026 in open-market transactions.

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

Saba Capital is identified as a ten percent owner of NEW GERMANY FUND INC in the Form 4. The filing shows it indirectly holds 3,592,535 common shares after the reported June 2026 open-market purchases of additional stock.

Were Saba Capital’s NEW GERMANY FUND INC (GF) trades open-market purchases?

Yes, both transactions are reported as open-market purchases of NEW GERMANY FUND INC common stock. The Form 4 uses transaction code P and describes them as purchases in open market or private transactions, reflecting active buying activity by the reporting holder.