New Germany Fund (NYSE: GF) director reports stock purchase

Rhea-AI Filing Summary

New Germany Fund Inc director reported buying 17,034 shares of common stock at $11.63 per share on January 5, 2026. This purchase raised the director's indirectly held stake to 2,228,169 shares, according to the beneficial ownership line. The ownership is reported as indirect, meaning the shares are held through another entity rather than directly in the director's own name.

Insider Trade Summary

Net Buyer: 17,034 shares ($198,105)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 17,034 shs ($198K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	17,034	$11.63	$198K

Holdings After Transaction: Common Stock — 2,228,169 shares (Indirect, -)

Footnotes (1)

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 01/06/2026 - 09:59 AM Learn about SEC filing dates

FAQ

What insider transaction did New Germany Fund Inc (GF) disclose?

The report shows a director of New Germany Fund Inc acquired 17,034 shares of common stock in a transaction dated January 5, 2026.

At what price were the New Germany Fund (GF) shares purchased?

The director's purchase was reported at a price of $11.63 per share for the common stock acquired on January 5, 2026.

How many New Germany Fund (GF) shares does the reporting person own after the transaction?

Following the reported purchase, the filing lists 2,228,169 shares of New Germany Fund Inc common stock as beneficially owned by the reporting person.

Is the New Germany Fund (GF) insider ownership direct or indirect?

The 2,228,169 shares of New Germany Fund Inc common stock are reported with an ownership form of Indirect (I), indicating they are held through another entity.

What transaction code is used for the New Germany Fund (GF) insider trade?

The transaction is labeled with code P, indicating a purchase of common stock as defined under the Form 4 transaction codes.

Who signed the New Germany Fund (GF) insider ownership report?

The report includes signatures for Saba Capital Management, L.P. by Zachary Gindes and Boaz Weinstein, dated January 6, 2026.

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)
01/05/2026

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	01/05/2026		P		17,034	A	$11.63	2,228,169	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	01/06/2026
	Boaz Weinstein	01/06/2026
	** 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.