Saba Capital buys more NEW GERMANY FUND (NYSE: GF) shares

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, made an open-market purchase of 100 shares of common stock at $11.94 per share on June 3, 2026. After this indirect purchase, Saba Capital reports holding 3,436,862 shares in total.

Insider Trade Summary

Net Buyer: 100 shares ($1,194)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 100 shs ($1K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	100	$11.94	$1K

Holdings After Transaction: Common Stock — 3,436,862 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 100 shares Purchase price: $11.94 per share Total shares after transaction: 3,436,862 shares +1 more

4 metrics

Shares purchased 100 shares Open-market purchase on June 3, 2026

Purchase price $11.94 per share Common stock transaction

Total shares after transaction 3,436,862 shares Indirect holdings after June 3, 2026 trade

Net shares bought 100 shares Net buy in this Form 4

Key Terms

open-market purchase, ten percent owner, indirect holdings

3 terms

open-market purchase financial

"made an open-market purchase of 100 shares of common stock"

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 financial

"Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND"

indirect holdings financial

"After this indirect purchase, Saba Capital reports holding 3,436,862 shares"

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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)
06/03/2026

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	06/03/2026		P		100	A	$11.94	3,436,862	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	06/04/2026
	Boaz Weinstein	06/04/2026
	** 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 (GF)?

Saba Capital reported buying 100 shares of NEW GERMANY FUND common stock in an open-market transaction at $11.94 per share. This filing reflects a small additional indirect purchase by a ten percent owner, not a sale or disposition of shares.

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

After the reported transaction, Saba Capital holds 3,436,862 shares of NEW GERMANY FUND common stock indirectly. This total includes the newly purchased 100 shares and represents the position reported as of the June 3, 2026 transaction date in the filing.

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

The trade was a buy. Saba Capital executed an open-market purchase of 100 NEW GERMANY FUND common shares. The Form 4 lists the transaction code as “P,” indicating a purchase, and classifies the transaction direction explicitly as a buy, not a sale.

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

Saba Capital bought the NEW GERMANY FUND common shares at an average price of $11.94 per share. The transaction involved 100 shares in total, so the gross value of this particular trade was about $1,194, according to the Form 4 disclosure.

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

Yes. The Form 4 identifies Saba Capital as a ten percent owner of NEW GERMANY FUND. This status means it beneficially owns at least ten percent of the company’s shares, and its holdings and trades must be reported to regulators through insider transaction filings.