Saba Capital (NYSE: GF) adds to New Germany Fund stake with share purchase

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported an open-market purchase of 100 shares of common stock at $11.37 per share. After this indirect transaction, Saba’s reported holdings increased to 3,602,815 shares of the fund’s common stock.

Insider Trade Summary

Net Buyer: 100 shares ($1,137)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 100 shs ($1K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	100	$11.37	$1K

Holdings After Transaction: Common Stock — 3,602,815 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 100 shares Purchase price: $11.37 per share Total shares after transaction: 3,602,815 shares +1 more

4 metrics

Shares purchased 100 shares Open-market purchase on 2026-06-30

Purchase price $11.37 per share Common stock transaction

Total shares after transaction 3,602,815 shares Indirect holdings following transaction

Transaction type Open-market purchase (Code P) Non-derivative common stock

Key Terms

open-market purchase, ten percent owner, indirect ownership

3 terms

open-market purchase financial

"reported an open-market purchase of 100 shares of common stock"

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

ten percent owner regulatory

"Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC"

indirect ownership financial

"After this indirect transaction, Saba’s reported holdings increased"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 07/02/2026 - 09:13 PM Accepted by SEC EDGAR 07/02/2026 - 09:13 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 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)
06/30/2026

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	06/30/2026		P		100	A	$11.37	3,602,815	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: David Han	07/02/2026
	Boaz Weinstein	07/02/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Saba Capital report for GF?

Saba Capital Management, L.P. reported buying 100 GF common shares. The purchase was an open-market transaction at $11.37 per share and was reported as an indirect holding, slightly increasing Saba’s overall stake in NEW GERMANY FUND INC.

How many NEW GERMANY FUND INC (GF) shares does Saba hold after the trade?

After the transaction, Saba Capital reported holding 3,602,815 GF shares. This total reflects its indirect ownership of NEW GERMANY FUND INC common stock following the 100-share open-market purchase disclosed in the filing.

Was the GF insider transaction a buy or a sell?

The GF insider transaction was a buy. Saba Capital Management, L.P. executed an open-market purchase of 100 shares of NEW GERMANY FUND INC common stock at $11.37 per share, increasing its reported indirect position.

At what price were the NEW GERMANY FUND INC (GF) shares purchased?

The GF shares were purchased at $11.37 per share. Saba Capital Management, L.P. acquired 100 common shares of NEW GERMANY FUND INC in an open-market transaction at this price, as disclosed in the insider trading report.

Is Saba Capital a major shareholder of NEW GERMANY FUND INC (GF)?

Yes, Saba Capital is listed as a ten percent owner of GF. The filing identifies Saba Capital Management, L.P. as a ten percent owner, and it reported indirect holdings of 3,602,815 NEW GERMANY FUND INC common shares after the recent purchase.