New Germany Fund (GF) insider buys 17,717 shares at $10.64

New Germany Fund Inc. (GF) reported an insider transaction by a single reporting person.

Rhea-AI Filing Summary

New Germany Fund Inc. (GF) reported an insider transaction by a single reporting person. On 11/17/2025, the insider purchased 17,717 shares of common stock in an open-market transaction coded "P" at a price of $10.64 per share. After this trade, the insider beneficially owned 2,064,451 shares, held indirectly. This filing reflects a change in insider ownership rather than any operational update for the fund.

Insider Trade Summary

Net Buyer: 17,717 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 17,717 shs ($189K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	17,717	$10.64	$189K

Holdings After Transaction: Common Stock — 2,064,451 shares (Indirect, -)

FAQ

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

The filing reports that an insider purchased 17,717 shares of New Germany Fund common stock in an open-market transaction coded "P" on 11/17/2025.

At what price were the New Germany Fund (GF) shares bought in this Form 4?

The insider purchased the shares at a price of $10.64 per share, according to the Form 4 disclosure.

How many New Germany Fund (GF) shares does the insider own after this trade?

Following the reported transaction, the insider beneficially owned 2,064,451 shares of New Germany Fund common stock, held indirectly.

What does transaction code "P" mean for the New Germany Fund (GF) Form 4?

Transaction code "P" on Form 4 indicates an open-market or private purchase of the issuer's equity securities.

Is this New Germany Fund (GF) Form 4 filed for more than one reporting person?

No. The form is indicated as "Form filed by One Reporting Person", meaning it covers a single insider.

What type of security was involved in the New Germany Fund (GF) insider trade?

The transaction involved common stock of New Germany Fund Inc., as shown in Table I of the Form 4.

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Accepted by SEC EDGAR 11/18/2025 - 07:08 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)
11/17/2025

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	11/17/2025		P		17,717	A	$10.64	2,064,451	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	11/18/2025
	Boaz Weinstein	11/18/2025
	** 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.