Saba Capital boosts NEW GERMANY FUND (NYSE: GF) stake with 140,564-share buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of NEW GERMANY FUND INC, bought 140,564 shares of common stock in an open-market transaction at $10.63 per share. After this purchase, Saba’s indirect holdings increased to 2,809,567 common shares.

Insider Trade Summary

Net Buyer: 140,564 shares ($1,494,195)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 140,564 shs ($1.49M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	140,564	$10.63	$1.49M

Holdings After Transaction: Common Stock — 2,809,567 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 140,564 shares Purchase price: $10.63 per share Total holdings after transaction: 2,809,567 shares

3 metrics

Shares purchased 140,564 shares Open-market buy of NEW GERMANY FUND INC common stock

Purchase price $10.63 per share Price paid in the open-market transaction

Total holdings after transaction 2,809,567 shares Indirect common stock position following the reported buy

Key Terms

Form 4, open-market purchase, more than ten percent owner, indirect holdings

4 terms

Form 4 regulatory

"The Form 4 shows a non-derivative, open-market purchase transaction"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

open-market purchase financial

"an open-market purchase transaction at $10.63 per share"

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.

more than ten percent owner financial

"identifies Saba Capital Management, L.P. as a more than ten percent owner"

indirect holdings financial

"After the recent open-market purchase, Saba Capital indirectly holds 2,809,567 shares"

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)
04/06/2026

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	04/06/2026		P		140,564	A	$10.63	2,809,567	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	04/07/2026
	Boaz Weinstein	04/07/2026
	** 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 transaction did Saba Capital report for GF?

Saba Capital Management, L.P. reported buying 140,564 shares of NEW GERMANY FUND INC common stock. The open-market purchase was executed at a price of $10.63 per share, increasing Saba’s indirect ownership stake in the fund.

How many NEW GERMANY FUND (GF) shares does Saba Capital now hold?

After the recent open-market purchase, Saba Capital Management, L.P. indirectly holds 2,809,567 shares of NEW GERMANY FUND INC common stock. This total reflects the updated position reported in the Form 4 insider trading report.

Was the GF insider transaction a purchase or sale by Saba Capital?

The transaction was a purchase. Saba Capital Management, L.P. executed an open-market buy of 140,564 NEW GERMANY FUND INC common shares at $10.63 each, adding to its previously reported indirect holdings.

What type of security did Saba Capital trade in NEW GERMANY FUND (GF)?

Saba Capital Management, L.P. traded NEW GERMANY FUND INC Common Stock. The Form 4 shows a non-derivative, open-market purchase transaction, rather than options or other derivative securities, at a reported price of $10.63 per share.

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

Yes. The Form 4 identifies Saba Capital Management, L.P. as a more than ten percent owner of NEW GERMANY FUND INC. Its indirect holdings total 2,809,567 common shares after the latest open-market purchase reported.