Saba Capital (GF) adds 22,308 New Germany Fund shares in open-market buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of New Germany Fund Inc, reported an open-market purchase of 22,308 shares of common stock at $11.85 per share. After this indirect transaction, it controls a reported total of 3,124,790 shares.

Insider Trade Summary

Net Buyer: 22,308 shares ($264,350)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 22,308 shs ($264K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	22,308	$11.85	$264K

Holdings After Transaction: Common Stock — 3,124,790 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 22,308 shares Purchase price: $11.85 per share Total holdings after transaction: 3,124,790 shares

3 metrics

Shares purchased 22,308 shares Open-market purchase of New Germany Fund common stock

Purchase price $11.85 per share Price paid for the 22,308 GF shares

Total holdings after transaction 3,124,790 shares Indirect ownership reported following the purchase

Key Terms

open-market purchase, ten percent owner, indirect ownership

3 terms

open-market purchase financial

"transaction_action: "open-market purchase""

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

"is_ten_percent_owner: 1 for Saba Capital Management, L.P."

indirect ownership financial

"ownership_type: "indirect" and ownership_code: "I""

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)
05/18/2026

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	05/18/2026		P		22,308	A	$11.85	3,124,790	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	05/19/2026
	Boaz Weinstein	05/19/2026
	** 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 22,308 shares of New Germany Fund Inc common stock. The purchase was an open-market transaction at a price of $11.85 per share, increasing its indirect holdings in the closed-end fund.

At what price did Saba Capital buy New Germany Fund (GF) shares?

Saba Capital bought the New Germany Fund shares at $11.85 per share. This price reflects an open-market purchase of 22,308 common shares, as disclosed in the Form 4 insider trading report for the ten percent beneficial owner.

How many New Germany Fund (GF) shares does Saba Capital now hold?

Following this transaction, Saba Capital is reported to hold 3,124,790 shares of New Germany Fund common stock. The Form 4 characterizes these holdings as indirect ownership, reflecting its position after the 22,308-share open-market purchase.

Is Saba Capital a ten percent owner of New Germany Fund (GF)?

Yes, Saba Capital Management, L.P. is identified as a ten percent owner of New Germany Fund Inc. The Form 4 indicates it holds 3,124,790 shares indirectly, with the most recent addition of 22,308 shares via an open-market purchase.

Was Saba Capital’s GF transaction a buy or sell?

The transaction was a buy. The Form 4 lists a purchase code “P” and describes the activity as an open-market purchase of 22,308 New Germany Fund common shares at $11.85 per share, increasing Saba Capital’s indirect position.