Saba Capital (GF 10% owner) adds 19,163 New Germany Fund shares in open-market buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than 10% owner of New Germany Fund Inc. (GF), reported two open‑market purchases of common stock. On 02/05/2026 it bought 5,409 shares at $11.83 per share, bringing its indirect holdings to 2,333,365 shares. On 02/06/2026 it purchased another 13,754 shares at $12.22 per share, increasing its indirectly held position to 2,347,119 common shares.

Insider Trade Summary

Net Buyer: 19,163 shares ($232,062)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 19,163 shs ($232K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	13,754	$12.22	$168K
Purchase	Common Stock	5,409	$11.83	$64K

Holdings After Transaction: Common Stock — 2,347,119 shares (Indirect, -)

Footnotes (1)

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 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)
02/05/2026

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	02/05/2026		P		5,409	A	$11.83	2,333,365	I	-
Common Stock	02/06/2026		P		13,754	A	$12.22	2,347,119	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	02/09/2026
	Boaz Weinstein	02/09/2026
	** 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.

FAQ

What insider transactions did Saba Capital report for NEW GERMANY FUND (GF)?

Saba Capital Management, L.P. reported two open-market purchases of New Germany Fund common stock, totaling 19,163 shares. The trades occurred on February 5 and 6, 2026, and were reported as indirect beneficial ownership on a Form 4 insider filing.

How many GF shares did Saba Capital buy on February 5, 2026?

On February 5, 2026, Saba Capital bought 5,409 New Germany Fund common shares at a price of $11.83 each. After this transaction, its indirectly beneficially owned position increased to 2,333,365 shares according to the Form 4 disclosure.

What was the size and price of Saba Capital’s February 6, 2026 GF trade?

On February 6, 2026, Saba Capital purchased 13,754 New Germany Fund common shares at $12.22 per share. Following this trade, its indirect beneficial ownership rose to 2,347,119 GF shares as reported in the Form 4 filing.

Is Saba Capital a 10% owner of NEW GERMANY FUND (GF)?

Yes. The Form 4 identifies Saba Capital Management, L.P. as a more than 10% owner of New Germany Fund Inc. This status requires it to report purchases and sales of GF shares under Section 16 of the Securities Exchange Act.

Are Saba Capital’s NEW GERMANY FUND (GF) holdings direct or indirect?

The filing lists Saba Capital’s New Germany Fund holdings as indirect beneficial ownership, marked with an “I” in the ownership column. The nature of indirect ownership is shown with a dash, and no additional footnote detail is provided in the excerpt.

How many GF shares did Saba Capital beneficially own after these trades?

After the February 5, 2026 transaction, Saba Capital beneficially owned 2,333,365 GF shares indirectly. Following the February 6, 2026 purchase, its indirectly beneficially owned position increased to 2,347,119 New Germany Fund common shares, according to the reported totals.