Saba Capital (GF) adds 2,099 NEW GERMANY FUND shares in open-market buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported open-market purchases of 2,099 shares of common stock across two days. The buys occurred on May 19, 2026 and May 20, 2026 at prices of $11.69 and $11.77 per share. Following these transactions, Saba Capital indirectly holds 3,126,889 shares of the fund’s common stock.

Insider Trade Summary

Net Buyer: 2,099 shares ($24,577)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role null

Bought 2,099 shs ($25K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	500	$11.77	$6K
Purchase	Common Stock	1,599	$11.69	$19K

Holdings After Transaction: Common Stock — 3,126,889 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased May 19, 2026: 1,599 shares Shares purchased May 20, 2026: 500 shares Total shares bought in filing: 2,099 shares +3 more

6 metrics

Shares purchased May 19, 2026 1,599 shares Open-market purchase of common stock at $11.69 per share

Shares purchased May 20, 2026 500 shares Open-market purchase of common stock at $11.77 per share

Total shares bought in filing 2,099 shares Net open-market purchases across two days

Holding after transactions 3,126,889 shares Indirect ownership of NEW GERMANY FUND common stock

Purchase price May 19, 2026 $11.69/share Open-market purchase price for 1,599 shares

Purchase price May 20, 2026 $11.77/share Open-market purchase price for 500 shares

Key Terms

open-market purchase, ten percent owner, indirect ownership, Form 4

4 terms

open-market purchase financial

"reported open-market purchases of 2,099 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 financial

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

indirect ownership financial

"Following these transactions, Saba Capital indirectly holds 3,126,889 shares"

Form 4 regulatory

"These insider transactions were disclosed in a Form 4 filing"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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)
05/19/2026

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	05/19/2026		P		1,599	A	$11.69	3,126,389	I	-
Common Stock	05/20/2026		P		500	A	$11.77	3,126,889	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	05/21/2026
	Boaz Weinstein	05/21/2026
	** 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 activity did Saba Capital report for NEW GERMANY FUND (GF)?

Saba Capital reported buying 2,099 NEW GERMANY FUND common shares in open-market transactions. The purchases took place over two days and increased Saba’s indirect holdings to 3,126,889 shares, reflecting continued exposure to the fund’s stock.

On what dates did Saba Capital buy GF shares in this Form 4 filing?

Saba Capital bought GF common shares on May 19, 2026 and May 20, 2026. These purchases were reported as open-market transactions and together added 2,099 shares to Saba’s previously reported indirect position in NEW GERMANY FUND.

What prices did Saba Capital pay for NEW GERMANY FUND (GF) shares?

Saba Capital paid $11.69 per share on May 19, 2026 and $11.77 per share on May 20, 2026. Both transactions were disclosed as open-market purchases of NEW GERMANY FUND common stock, modestly increasing its overall indirect stake.

How many NEW GERMANY FUND (GF) shares does Saba Capital hold after these trades?

After these trades, Saba Capital indirectly holds 3,126,889 GF common shares. This total reflects the position following two open-market purchases totaling 2,099 shares reported in the Form 4 insider transaction filing.

Is Saba Capital considered a major holder of NEW GERMANY FUND (GF)?

Yes, Saba Capital is identified as a ten percent owner of NEW GERMANY FUND. The Form 4 filing notes its status as a more-than-ten-percent owner while detailing recent open-market purchases that slightly increased its indirect holdings.