Saba Capital adds to NEW GERMANY FUND INC (NYSE: GF) stake with 325-share buy

Rhea-AI Filing Summary

NEW GERMANY FUND INC (GF) saw a reported purchase by 10% owner Saba Capital Management, L.P., which bought 325 shares of common stock on July 27, 2026 at $11.28 per share in a purchase reported as an open-market or private transaction. After this trade, Saba reports 3,670,046 shares held indirectly.

Insider Trade Summary

Net Buyer: 325 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 325 shs ($4K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	325	$11.28	$4K

Holdings After Transaction: Common Stock — 3,670,046 shares (Indirect, _)

Key Figures

Shares purchased: 325 shares Purchase price: $11.28 per share Shares owned after transaction: 3,670,046 shares +1 more

4 metrics

Shares purchased 325 shares Common stock bought on July 27, 2026

Purchase price $11.28 per share Price for the 325-share common stock purchase

Shares owned after transaction 3,670,046 shares Indirect common stock holdings reported following the trade

Net buy shares 325 shares Net share change across all reported transactions in this filing

Key Terms

ten percent owner, indirect ownership, Rule 10b5-1, open market or private transaction

4 terms

ten percent owner regulatory

"Saba Capital Management, L.P. is listed as a ten percent owner"

indirect ownership regulatory

"total_shares_following_transaction coded with indirect ownership"

Rule 10b5-1 regulatory

"aff_10b5_one indicates the Rule 10b5-1 checkbox status"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

open market or private transaction financial

"transaction_code_description notes a Purchase in open market or private transaction"

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

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/28/2026 - 06:39 PM Accepted by SEC EDGAR 07/28/2026 - 06:38 PM Learn about SEC filing dates

FAQ

What insider transaction in GF did Saba Capital Management report?

Saba Capital Management, a 10% owner of NEW GERMANY FUND INC (GF), reported buying 325 common shares on July 27, 2026 at $11.28 per share. The transaction is classified as a purchase in an open-market or private transaction.

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

Following the reported purchase, Saba Capital Management’s indirect stake in NEW GERMANY FUND INC (GF) totals 3,670,046 common shares. This figure reflects the position after adding the recently acquired 325 shares on July 27, 2026.

At what price were the newly acquired GF shares purchased by Saba Capital?

Saba Capital Management bought 325 GF shares at $11.28 per share. The filing describes the transaction as a purchase in an open-market or private transaction, indicating a standard share acquisition rather than an option exercise or other derivative activity.

Is Saba Capital’s GF shareholding reported as direct or indirect ownership?

Saba Capital Management’s holdings in NEW GERMANY FUND INC (GF) are reported as indirect ownership. The Form 4 lists 3,670,046 shares following the transaction with ownership type coded as indirect, indicating the position is held through an affiliated entity or account.

Was Saba Capital’s GF share purchase made under a Rule 10b5-1 trading plan?

The filing indicates the transaction was not made under a Rule 10b5-1 trading plan. The Rule 10b5-1 checkbox is not affirmed, so the reported 325-share purchase appears discretionary rather than pre-arranged under such a plan.

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)
07/27/2026

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	07/27/2026		P		325	A	$11.28	3,670,046	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: Maria Piccolino	07/28/2026
	Boaz Weinstein	07/28/2026
	** 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)