Saba Capital adds to New Germany Fund (GF) stake with share purchase

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of New Germany Fund Inc., reported an open-market purchase of common stock. On 02/12/2026 it bought 1,940 shares at $12.02 per share. Following this transaction, it indirectly beneficially owned 2,364,705 shares of the fund’s common stock.

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

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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)
02/12/2026

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	02/12/2026		P		1,940	A	$12.02	2,364,705	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	02/17/2026
	Boaz Weinstein	02/17/2026
	** 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 transaction in GF did Saba Capital Management report?

Saba Capital Management reported an open-market purchase of New Germany Fund (GF) common stock. On 02/12/2026 it bought 1,940 shares, increasing its indirect beneficial ownership position in the closed-end fund’s common stock.

How many GF shares did Saba Capital Management buy and at what price?

Saba Capital Management bought 1,940 shares of New Germany Fund (GF) common stock. The reported purchase price was $12.02 per share in an open-market or private transaction, as disclosed in the Form 4 filing.

What is Saba Capital Management’s ownership in New Germany Fund (GF) after the trade?

After the reported trade, Saba Capital Management indirectly beneficially owned 2,364,705 shares of New Germany Fund (GF) common stock. This total reflects its holdings following the 1,940-share open-market purchase on 02/12/2026.

What is Saba Capital Management’s relationship to New Germany Fund (GF)?

Saba Capital Management is identified as a 10% owner of New Germany Fund (GF). The Form 4 indicates it files as a significant shareholder rather than as a director or officer of the closed-end fund.

Was the GF insider transaction by Saba Capital direct or indirect ownership?

The Form 4 classifies Saba Capital Management’s holdings in New Germany Fund (GF) as indirect. The 2,364,705 shares of common stock reported after the trade are shown with indirect ownership, with no specific nature of indirect ownership detailed in the excerpt.