Saba Capital adds NEW GERMANY FUND INC (GF) stake with 2,110-share buy
Rhea-AI Filing Summary
Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported open-market purchases of a total of 2,110 shares of common stock. The trades on August 4 and 5, 2026 were executed at $11.60 and $11.43 per share, respectively, and are reported as indirect ownership.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,110 shares
Net Buy
2 txns
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
2,110 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 266 | $11.43 | $3K |
| Purchase | Common Stock | 1,844 | $11.60 | $21K |
Holdings After Transaction:
Common Stock — 3,673,121 shares (Indirect, -)
Key Figures
Shares purchased 2026-08-04: 1,844 shares
Shares purchased 2026-08-05: 266 shares
Total shares purchased: 2,110 shares
+2 more
5 metrics
Shares purchased 2026-08-04
1,844 shares
Common Stock bought at $11.60 per share on 2026-08-04
Shares purchased 2026-08-05
266 shares
Common Stock bought at $11.43 per share on 2026-08-05
Total shares purchased
2,110 shares
Net common stock purchases reported across both transactions
Purchase price 2026-08-04
$11.60 per share
Price for 1,844 shares of Common Stock bought indirectly
Purchase price 2026-08-05
$11.43 per share
Price for 266 shares of Common Stock bought indirectly
Key Terms
open market or private transaction, indirect ownership, ten percent owner
3 terms
open market or private transaction market
"Transaction code P is described as a purchase in open market or private transaction"
indirect ownership financial
"The ownership_type field reports the common stock as indirect ownership"
ten percent owner financial
"Saba Capital Management, L.P. is marked as a ten percent owner of the issuer"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Saba Capital Management report in its Form 4 for NEW GERMANY FUND INC (GF)?
Saba Capital Management, L.P. reported purchasing 2,110 shares of NEW GERMANY FUND INC common stock. The indirect purchases occurred on August 4 and 5, 2026 at per-share prices of $11.60 and $11.43, classified as open market or private transactions.
On what dates and prices did Saba Capital buy GF common stock?
Saba Capital bought NEW GERMANY FUND INC (GF) common stock on August 4, 2026 at $11.60 per share and on August 5, 2026 at $11.43 per share. Both transactions are reported as indirect open-market or private purchases.
Were Saba Capital's GF trades made under a Rule 10b5-1 trading plan?
The Form 4 indicates the Rule 10b5-1 checkbox is not checked, so these NEW GERMANY FUND INC (GF) trades are not reported as being made under a Rule 10b5-1 trading plan. They are disclosed simply as open-market or private purchases.
What ownership status does Saba Capital have in NEW GERMANY FUND INC (GF)?
Saba Capital Management, L.P. is identified as a ten percent owner of NEW GERMANY FUND INC (GF). The common stock acquired in this Form 4 is reported as indirect ownership, meaning it is held through an entity or structure rather than directly.