Saba Capital buys 300 New Germany Fund shares
NEW GERMANY FUND INC (GF) had a Form 4 filed by reporting person Saba Capital Management, L.P., identified as a ten percent owner.
Rhea-AI Filing Summary
NEW GERMANY FUND INC (GF) had a Form 4 filed by reporting person Saba Capital Management, L.P., identified as a ten percent owner. On 2026-08-20, Saba Capital reported an indirect open-market purchase of 300 shares of common stock at $11.20 per share, bringing its reported indirect holdings to 3,678,179 shares following the transaction.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 300 shares
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
300 shs ($3K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 300 | $11.20 | $3K |
Holdings After Transaction:
Common Stock — 3,678,179 shares (Indirect, -)
Key Figures
Shares purchased: 300 shares
Purchase price per share: $11.20 per share
Shares owned after transaction: 3,678,179 shares
3 metrics
Shares purchased
300 shares
Common Stock acquired on 2026-08-20
Purchase price per share
$11.20 per share
Open-market or private purchase on 2026-08-20
Shares owned after transaction
3,678,179 shares
Indirect holdings of Common Stock following the reported purchase
Key Terms
ten percent owner, indirect, open market or private transaction
3 terms
ten percent owner regulatory
"Saba Capital Management, L.P. is identified as a ten percent owner"
indirect financial
"The ownership type for the reported shares is classified as indirect"
open market or private transaction financial
"The transaction code description is Purchase in open market or private transaction"
FAQ
What insider transaction did Saba Capital report for GF on this Form 4?
Saba Capital Management, L.P. reported an indirect purchase of 300 shares of NEW GERMANY FUND INC common stock on 2026-08-20 at $11.20 per share, classified as an open market or private transaction.
Was the GF Form 4 transaction by Saba Capital a buy or a sell?
The Form 4 for NEW GERMANY FUND INC reports that Saba Capital Management, L.P. executed a purchase transaction, acquiring 300 shares of common stock.
Is Saba Capital considered a ten percent owner of GF in this filing?
Yes. The Form 4 identifies Saba Capital Management, L.P. as a ten percent owner of NEW GERMANY FUND INC.
AI-generated analysis. How Rhea-AI works. Not financial advice.