Saba Capital (NYSE: GF) adds 19,669 NEW GERMANY FUND shares in open-market buy

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

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 19,669 shares of common stock at $12.25 per share. After this transaction, Saba’s indirect holdings increased to 3,051,884 shares, indicating a modest expansion of its existing position.

Insider Trade Summary

Net Buyer: 19,669 shares ($240,945)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 19,669 shs ($241K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	19,669	$12.25	$241K

Holdings After Transaction: Common Stock — 3,051,884 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 19,669 shares Purchase price: $12.25 per share Shares held after transaction: 3,051,884 shares

3 metrics

Shares purchased 19,669 shares Open-market purchase of common stock on April 17, 2026

Purchase price $12.25 per share Price paid for NEW GERMANY FUND INC common stock

Shares held after transaction 3,051,884 shares Indirect ownership by Saba Capital Management, L.P. after purchase

Key Terms

open-market purchase, ten percent owner, indirect holdings

3 terms

open-market purchase financial

"reported an open-market purchase of 19,669 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"

indirect holdings financial

"After this transaction, Saba’s indirect holdings increased to 3,051,884 shares"

Form 4 Insider Transactions: What Each Field Means →

04/20/2026 - 01:02 PM

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)
04/17/2026

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	04/17/2026		P		19,669	A	$12.25	3,051,884	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	04/20/2026
	Boaz Weinstein	04/20/2026
	** 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

FAQ

What insider transaction did Saba Capital report for GF?

Saba Capital Management, L.P. reported an open-market purchase of 19,669 NEW GERMANY FUND INC common shares at $12.25 each. This Form 4 filing shows an incremental increase in Saba’s indirect ownership stake in the fund.

How many GF shares does Saba Capital hold after this transaction?

After the reported transaction, Saba Capital Management, L.P. holds 3,051,884 GF common shares indirectly. This total reflects its position following the 19,669-share open-market purchase disclosed in the Form 4 filing.

Was the GF insider transaction a buy or a sell?

The transaction was a buy. Saba Capital Management, L.P. executed an open-market purchase of 19,669 NEW GERMANY FUND INC common shares at $12.25 per share, increasing its already significant indirect stake.

At what price did Saba Capital buy additional GF shares?

Saba Capital bought the additional NEW GERMANY FUND INC shares at $12.25 per share. The Form 4 filing specifies this as the transaction price for the 19,669-share open-market purchase of common stock.

Is Saba Capital considered a major holder of GF?

Yes. Saba Capital Management, L.P. is identified as a ten percent owner of NEW GERMANY FUND INC. After the latest open-market purchase, its indirect holdings total 3,051,884 common shares, underscoring its role as a significant shareholder.