Saba Capital buys 800 New Germany Fund shares

NEW GERMANY FUND INC (GF) reported that Saba Capital Management, L.P., a ten percent owner, purchased 800 shares of common stock on September 9, 2026, in an open-market or private transaction at $11.55 per share.

Rhea-AI Filing Summary

NEW GERMANY FUND INC (GF) reported that Saba Capital Management, L.P., a ten percent owner, purchased 800 shares of common stock on September 9, 2026, in an open-market or private transaction at $11.55 per share. Following this transaction, Saba Capital Management, L.P. indirectly holds 3,686,784 shares of NEW GERMANY FUND INC common stock. No Rule 10b5-1 trading plan is reported for this transaction.

Insider Trade Summary

Net Buyer: 800 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 800 shs ($9K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	800	$11.55	$9K

Holdings After Transaction: Common Stock — 3,686,784 shares (Indirect, -)

Key Figures

Shares purchased: 800 shares Purchase price per share: $11.55 per share Shares owned after transaction: 3,686,784 shares

3 metrics

Shares purchased 800 shares Common stock bought on September 9, 2026

Purchase price per share $11.55 per share Common stock transaction on September 9, 2026

Shares owned after transaction 3,686,784 shares Indirect holdings of common stock following the September 9, 2026 purchase

Key Terms

ten percent owner, indirect, Rule 10b5-1, open market or private transaction

4 terms

ten percent owner regulatory

"Saba Capital Management, L.P. is identified as a ten percent owner"

indirect financial

"The holdings are reported with ownership type classified as indirect"

Rule 10b5-1 regulatory

"The document-level Rule 10b5-1 checkbox is left unchecked"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open market or private transaction financial

"The transaction is described as a purchase in open market or private transaction"

FAQ

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

What insider transaction did GF report for Saba Capital Management, L.P.?

Saba Capital Management, L.P. reported a purchase of 800 shares of NEW GERMANY FUND INC common stock on September 9, 2026 in an open-market or private transaction at $11.55 per share.

How many GF shares does Saba Capital Management, L.P. own after this transaction?

After the reported transaction, Saba Capital Management, L.P. indirectly owns 3,686,784 shares of NEW GERMANY FUND INC common stock, according to the filing’s post-transaction holdings figure.

Was the GF insider trade by Saba Capital under a Rule 10b5-1 plan?

No. The filing indicates that the Rule 10b5-1 checkbox is not marked, so the reported purchase of NEW GERMANY FUND INC shares was not made pursuant to a Rule 10b5-1 trading plan.

What price did Saba Capital Management, L.P. pay per GF share?

Saba Capital Management, L.P. paid $11.55 per share for the 800 shares of NEW GERMANY FUND INC common stock purchased on September 9, 2026, with the price stated on a per-share basis.

Is Saba Capital Management, L.P. considered a ten percent owner of GF?

Yes. The reporting person classification identifies Saba Capital Management, L.P. as a ten percent owner of NEW GERMANY FUND INC for purposes of this Form 4 filing.

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

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Available on EDGAR 09/10/2026 - 09:37 AM Accepted by SEC EDGAR 09/10/2026 - 09:37 AM 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 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)
09/09/2026

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	09/09/2026		P		800	A	$11.55	3,686,784	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	09/10/2026
	Boaz Weinstein	09/10/2026
	** 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)