New Germany Fund director reports late-2025 stock purchases

New Germany Fund Inc. director Saba Capital Management, L.P. reported open-market purchases of the company’s common stock.

Rhea-AI Filing Summary

New Germany Fund Inc. director Saba Capital Management, L.P. reported open-market purchases of the company’s common stock. On 12/30/2025, the reporting person bought 6,387 shares at a price of $11.38 per share. On 12/31/2025, it purchased an additional 200 shares at $11.40 per share. After these transactions, the reporting person’s indirect beneficial ownership in New Germany Fund Inc. common stock totaled 2,210,555 shares.

Insider Trade Summary

Net Buyer: 6,587 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 6,587 shs ($75K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	200	$11.40	$2K
Purchase	Common Stock	6,387	$11.38	$73K

Holdings After Transaction: Common Stock — 2,210,555 shares (Indirect, -)

FAQ

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

The filing reports that a director, Saba Capital Management, L.P., purchased shares of New Germany Fund Inc. common stock in two open-market transactions.

How many New Germany Fund (GF) shares were purchased and on which dates?

The reporting person bought 6,387 shares of common stock on 12/30/2025 and 200 shares on 12/31/2025.

What prices were paid for the New Germany Fund (GF) shares?

The 6,387 shares purchased on 12/30/2025 were bought at $11.38 per share, and the 200 shares bought on 12/31/2025 were at $11.40 per share.

What is the reporting person’s total beneficial ownership in New Germany Fund (GF) after these trades?

Following the reported transactions, the reporting person indirectly beneficially owned 2,210,555 shares of New Germany Fund Inc. common stock.

Is the reporting person a director or officer of New Germany Fund Inc. (GF)?

The form indicates that the reporting person has the relationship of Director to New Germany Fund Inc., with the director box checked.

Are the New Germany Fund (GF) shares held directly or indirectly by the reporting person?

The form classifies the ownership as Indirect (I), indicating the shares are held indirectly rather than in a direct personal account.

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

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Accepted by SEC EDGAR 01/02/2026 - 07:04 PM 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 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)
12/30/2025

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	12/30/2025		P		6,387	A	$11.38	2,210,355	I	-
Common Stock	12/31/2025		P		200	A	$11.4	2,210,555	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	01/02/2026
	Boaz Weinstein	01/02/2026
	** 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.