Saba Capital adds 14,082 New Germany Fund (GF) shares in open-market buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of New Germany Fund Inc, made an open-market purchase of 14,082 shares of common stock on May 14, 2026 at $11.94 per share. Following this transaction, Saba Capital indirectly holds 3,102,482 shares of the fund’s common stock, indicating a modest increase in its existing position.

Insider Trade Summary

Net Buyer: 14,082 shares ($168,139)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 14,082 shs ($168K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	14,082	$11.94	$168K

Holdings After Transaction: Common Stock — 3,102,482 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 14,082 shares Purchase price: $11.94 per share Post-transaction holdings: 3,102,482 shares +1 more

4 metrics

Shares purchased 14,082 shares Open-market buy on May 14, 2026

Purchase price $11.94 per share Price for New Germany Fund common stock

Post-transaction holdings 3,102,482 shares Indirect ownership after the transaction

Net buy shares 14,082 shares Net change in position from this Form 4

Key Terms

open-market purchase, ten percent owner, indirectly holds

3 terms

open-market purchase financial

"made an open-market purchase of 14,082 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., a ten percent owner of New Germany Fund Inc"

indirectly holds financial

"Following this transaction, Saba Capital indirectly holds 3,102,482 shares"

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)
05/14/2026

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	05/14/2026		P		14,082	A	$11.94	3,102,482	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	05/18/2026
	Boaz Weinstein	05/18/2026
	** 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 did Saba Capital Management do in the latest Form 4 for GF?

Saba Capital Management, a ten percent owner of New Germany Fund Inc (GF), bought 14,082 common shares. The shares were purchased in an open-market transaction at $11.94 per share, modestly increasing Saba’s indirect ownership stake in the fund.

How many New Germany Fund (GF) shares did Saba Capital buy?

Saba Capital bought 14,082 New Germany Fund common shares. This open-market purchase, recorded on May 14, 2026, adds to its existing stake and slightly increases its overall indirect ownership position in the closed-end fund.

At what price were the New Germany Fund (GF) shares purchased?

The 14,082 New Germany Fund shares were purchased at $11.94 per share. This price reflects the cost Saba Capital paid in the open market on May 14, 2026, as disclosed in the Form 4 insider trading report.

What is Saba Capital’s total New Germany Fund (GF) holding after the trade?

After the transaction, Saba Capital indirectly holds 3,102,482 New Germany Fund common shares. This figure reflects its position following the 14,082-share open-market purchase reported in the Form 4 filed as a ten percent owner.

Is Saba Capital a major holder of New Germany Fund (GF)?

Yes, Saba Capital is reported as a ten percent owner of New Germany Fund Inc. Its indirect holdings total 3,102,482 common shares after the latest 14,082-share open-market purchase, indicating a significant, established stake in the fund.

Was the New Germany Fund (GF) transaction a buy or a sell?

The transaction was a buy. Saba Capital executed an open-market purchase of 14,082 New Germany Fund common shares at $11.94 each, increasing its indirect holdings to 3,102,482 shares according to the Form 4 disclosure.