Saba Capital boosts NEW GERMANY FUND (GF) stake with 130,617-share buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than 10% owner of NEW GERMANY FUND INC, reported open-market purchases of the fund’s common stock. On February 17, it indirectly bought 111,243 shares at a price of 11.94 per share. On February 18, it indirectly bought another 19,374 shares at 12.25 per share. These transactions total 130,617 shares and increased its indirectly held position to 2,495,322 common shares following the latest trade.

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

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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)
02/17/2026

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	02/17/2026		P		111,243	A	$11.94	2,475,948	I	-
Common Stock	02/18/2026		P		19,374	A	$12.25	2,495,322	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	02/19/2026
	Boaz Weinstein	02/19/2026
	** 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.

FAQ

What insider activity did Saba Capital report for NEW GERMANY FUND (GF)?

Saba Capital Management, L.P. reported open-market purchases of NEW GERMANY FUND common stock totaling 130,617 shares, spread over two trades on February 17 and 18, increasing its indirectly held position.

How many NEW GERMANY FUND (GF) shares did Saba Capital buy in each trade?

Saba Capital bought 111,243 shares of NEW GERMANY FUND common stock on February 17 and 19,374 shares on February 18, according to the Form 4 insider transaction disclosure.

At what prices did Saba Capital purchase NEW GERMANY FUND (GF) shares?

The purchases were made at prices of 11.94 per share on February 17 and 12.25 per share on February 18. Both transactions were reported as open-market purchases of common stock.

What is Saba Capital’s NEW GERMANY FUND (GF) shareholding after these trades?

After these reported transactions, Saba Capital’s indirect holdings in NEW GERMANY FUND common stock increased to 2,495,322 shares, as shown in the Form 4 total shares following the latest trade.

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

Yes. The Form 4 identifies Saba Capital Management, L.P. as a more than 10% owner of NEW GERMANY FUND, indicating a significant beneficial ownership stake in the fund’s common stock.