How large was Saba Capital’s net share change in NEW GERMANY FUND INC (GF)?

Saba Capital’s net share change was an increase of 10,176 shares. The Form 4 transaction summary shows this as a net-buy in common stock, with no reported sales or derivative exercises offsetting the purchase, modestly expanding Saba’s total indirect holdings.

Saba Capital buys 10,176 NEW GERMANY FUND shares

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported an open-market purchase of 10,176 shares of common stock at $11.81 per share.

Filing Impact

(Moderate)

Filing Sentiment

(Positive)How Sentiment works

Sentiment and the balance of points

Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.

How Sentiment works How the balance works

Form Type

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported an open-market purchase of 10,176 shares of common stock at $11.81 per share. After this transaction, Saba’s indirect holdings increased to 3,602,711 shares, indicating a modest net addition to its position.

Insider Trade Summary

Net Buyer: 10,176 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 10,176 shs ($120K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,176	$11.81	$120K

Holdings After Transaction: Common Stock — 3,602,711 shares (Indirect, -)

Key Figures

Shares purchased: 10,176 shares Purchase price: $11.81 per share Shares owned after: 3,602,711 shares +1 more

4 metrics

Shares purchased 10,176 shares Common Stock bought on 2026-06-17

Purchase price $11.81 per share Open-market purchase of Common Stock

Shares owned after 3,602,711 shares Total indirect holdings following transaction

Net buy shares 10,176 shares Net-buy direction in transaction summary

Key Terms

open-market purchase, Common Stock, indirect holdings, ten percent owner

4 terms

open-market purchase financial

"reported an open-market purchase of 10,176 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.

Common Stock financial

"Saba Capital Management reported buying 10,176 shares of NEW GERMANY FUND INC common stock"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

indirect holdings financial

"After this transaction, Saba’s indirect holdings increased to 3,602,711 shares"

ten percent owner financial

"Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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

Saba Capital Management reported buying 10,176 shares of NEW GERMANY FUND INC common stock. The open-market purchase occurred at a price of $11.81 per share and was reported as an indirect ownership position, increasing Saba’s overall holdings in the fund.

At what price did Saba Capital buy NEW GERMANY FUND INC (GF) shares?

Saba Capital bought the NEW GERMANY FUND INC shares at $11.81 each. This price applies to the 10,176 common shares reported as an open-market purchase, giving investors a concrete reference for the recent insider trading activity disclosed in the Form 4 filing.

How many NEW GERMANY FUND INC (GF) shares does Saba Capital hold after this trade?

Following the reported transaction, Saba Capital holds 3,602,711 NEW GERMANY FUND INC shares indirectly. This total reflects its position after purchasing 10,176 additional common shares, providing a clear view of the scale of its current ownership stake in the fund.

Was Saba Capital’s NEW GERMANY FUND INC (GF) transaction a buy or a sell?

The transaction was a buy, specifically an open-market purchase of common stock. Saba Capital increased its indirect position by 10,176 shares, signaling a net addition to its holdings rather than a disposal or restructuring of its existing stake in the fund.

What type of security did Saba Capital trade in NEW GERMANY FUND INC (GF)?

Saba Capital traded common stock of NEW GERMANY FUND INC. The Form 4 shows a single non-derivative transaction categorized as an open-market purchase, with 10,176 common shares acquired at a per-share price of $11.81 and held indirectly after the trade.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/22/2026 - 11:46 AM EDT

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

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)
06/17/2026

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	06/17/2026		P		10,176	A	$11.81	3,602,711	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

	Saba Capital Management, L.P. By: Zachary Gindes	06/22/2026
	Boaz Weinstein	06/22/2026
	** 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)

Source: View Original Filing on SEC EDGAR