Saba Capital adds to New Germany Fund (GF) stake with open-market buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported an open-market purchase of 5,888 shares of common stock at $10.29 per share on March 31, 2026. Following this transaction, it indirectly holds 2,595,140 shares of the fund’s common stock.

Insider Trade Summary

Net Buyer: 5,888 shares ($60,588)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 5,888 shs ($61K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,888	$10.29	$61K

Holdings After Transaction: Common Stock — 2,595,140 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 5,888 shares Purchase price: $10.29 per share Shares owned after transaction: 2,595,140 shares

3 metrics

Shares purchased 5,888 shares Open-market purchase on March 31, 2026

Purchase price $10.29 per share Price for common stock in reported transaction

Shares owned after transaction 2,595,140 shares Indirect holdings following March 31, 2026 trade

Key Terms

open-market purchase, ten percent owner, indirect ownership

3 terms

open-market purchase financial

"transaction_action: "open-market purchase""

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.

ten percent owner regulatory

"is_ten_percent_owner: 1"

indirect ownership financial

"ownership_type: "indirect""

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)
03/31/2026

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	03/31/2026		P		5,888	A	$10.29	2,595,140	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	04/01/2026
	Boaz Weinstein	04/01/2026
	** 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 NEW GERMANY FUND INC (GF)?

Saba Capital Management, L.P. reported an open-market purchase of 5,888 shares of NEW GERMANY FUND INC common stock. The transaction occurred on March 31, 2026, and increased its already significant ownership position in the closed-end fund.

At what price did Saba Capital buy NEW GERMANY FUND INC (GF) shares?

Saba Capital bought the NEW GERMANY FUND INC common shares at $10.29 per share in an open-market transaction. This reported price reflects the per-share consideration for the 5,888 shares purchased on March 31, 2026.

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

After the reported purchase, Saba Capital indirectly holds 2,595,140 shares of NEW GERMANY FUND INC common stock. This total reflects its ownership immediately following the March 31, 2026 open-market transaction disclosed in the Form 4.

Is Saba Capital a ten percent owner of NEW GERMANY FUND INC (GF)?

Yes, Saba Capital Management, L.P. is identified as a ten percent owner of NEW GERMANY FUND INC. This status means it holds a substantial stake, and its transactions must be reported on Form 4 under U.S. securities regulations.

Was Saba Capital’s NEW GERMANY FUND INC (GF) transaction a buy or a sell?

The transaction was a buy. Saba Capital executed an open-market purchase of 5,888 NEW GERMANY FUND INC common shares, classified with transaction code P, which indicates a purchase in the Form 4 reporting framework.