Saba Capital buys 905 New Germany Fund shares

Saba Capital Management, L.P., a 10% owner of New Germany Fund Inc (GF), reported a small open‑market purchase of the fund’s common stock.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of New Germany Fund Inc (GF), reported a small open‑market purchase of the fund’s common stock. On January 12, 2026, the firm bought 905 shares of common stock at a price of $12.08 per share.

After this transaction, Saba Capital Management, L.P. indirectly beneficially owned 2,254,116 shares of New Germany Fund common stock, according to the Form 4 filed for one reporting person.

Insider Trade Summary

Net Buyer: 905 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 905 shs ($11K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	905	$12.08	$11K

Holdings After Transaction: Common Stock — 2,254,116 shares (Indirect, -)

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Saba Capital report for GF?

Saba Capital Management, L.P. reported an open‑market purchase of 905 shares of New Germany Fund Inc common stock on January 12, 2026, coded as a P (purchase) transaction.

At what price did Saba Capital buy New Germany Fund (GF) shares?

The 905 shares of New Germany Fund common stock were purchased at a price of $12.08 per share.

How many New Germany Fund shares does Saba Capital own after this trade?

Following the reported transaction, Saba Capital Management, L.P. indirectly beneficially owned 2,254,116 shares of New Germany Fund common stock.

Is Saba Capital a major holder of New Germany Fund Inc (GF)?

Yes. In the filing, Saba Capital Management, L.P. is identified as a 10% owner of New Germany Fund Inc.

Was the GF insider trade reported as direct or indirect ownership?

The Form 4 indicates the ownership as indirect (I), with 2,254,116 shares listed as indirectly beneficially owned after the transaction.

Who filed the Form 4 related to New Germany Fund (GF)?

The Form 4 was filed by Saba Capital Management, L.P. as the sole reporting person, in its capacity as a 10% owner of New Germany Fund Inc.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 01/13/2026 - 11:03 AM EST Learn about SEC filing dates

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 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)
01/12/2026

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	01/12/2026		P		905	A	$12.08	2,254,116	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	01/13/2026
	Boaz Weinstein	01/13/2026
	** 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.