Saba Capital adds to New Germany Fund (NYSE: GF) stake

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of NEW GERMANY FUND INC, reported an open-market purchase of 4 shares of common stock at $11.79 per share. After this trade, Saba Capital indirectly holds a total of 3,602,715 shares.

Insider Trade Summary

Net Buyer: 4 shares ($47)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 4 shs ($47.16)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4	$11.79	$47.16

Holdings After Transaction: Common Stock — 3,602,715 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 4 shares Purchase price: $11.79 per share Total holdings after trade: 3,602,715 shares +1 more

4 metrics

Shares purchased 4 shares Open-market buy on 2026-06-22

Purchase price $11.79 per share Common Stock transaction

Total holdings after trade 3,602,715 shares Indirect ownership following transaction

Net buy shares 4 shares Net change in this Form 4

Key Terms

open-market purchase, ten percent owner, indirectly holds

3 terms

open-market purchase financial

"reported an open-market purchase of 4 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 more than ten percent owner"

indirectly holds financial

"After this trade, Saba Capital indirectly holds a total of 3,602,715 shares"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/23/2026 - 02:22 PM Accepted by SEC EDGAR 06/23/2026 - 02:22 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)
06/22/2026

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	06/22/2026		P		4	A	$11.79	3,602,715	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	06/23/2026
	Boaz Weinstein	06/23/2026
	** 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 NEW GERMANY FUND INC (GF)?

Saba Capital reported buying 4 shares of NEW GERMANY FUND INC common stock in an open-market purchase at $11.79 per share. The filing shows this as a routine transaction, modest relative to Saba’s total indirect holdings in the fund.

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

After the reported purchase, Saba Capital indirectly holds 3,602,715 shares of NEW GERMANY FUND INC common stock. This total reflects all indirect holdings shown in the filing following the 4-share open-market transaction on the reported date.

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

The transaction was a buy. The Form 4 classifies it as an open-market purchase, coded “P,” with Saba Capital acquiring 4 additional common shares of NEW GERMANY FUND INC at a price of $11.79 per share.

What price did Saba Capital pay for NEW GERMANY FUND INC (GF) shares?

Saba Capital paid $11.79 per share for the 4 NEW GERMANY FUND INC common shares. This price reflects the transaction value reported in the open-market purchase and is used to calculate the relatively small total dollar amount of this trade.

How significant is Saba Capital’s latest NEW GERMANY FUND INC (GF) purchase?

The purchase is small in size, involving only 4 shares, compared to Saba Capital’s total indirect holdings of 3,602,715 shares. It appears as a minor position adjustment rather than a large, thesis-changing transaction for NEW GERMANY FUND INC.