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

Saba Capital paid $12.00 per share for New Germany Fund common stock. The Form 4 shows an open-market purchase of 16,709 shares at that price on May 7, 2026, raising its indirect ownership to 3,073,405 shares after the transaction.

Saba Capital boosts New Germany Fund (NYSE: GF) stake with buy

Filing Impact

(Moderate)

Filing Sentiment

(Positive)

Form Type

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of New Germany Fund Inc, made an open-market purchase of 16,709 shares of common stock on May 7, 2026 at $12.00 per share. After this indirect transaction, Saba Capital’s reported holdings increased to 3,073,405 shares, indicating a relatively small addition compared with its existing position.

Insider Trade Summary

Net Buyer: 16,709 shares ($200,508)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 16,709 shs ($201K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	16,709	$12.00	$201K

Holdings After Transaction: Common Stock — 3,073,405 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 16,709 shares Purchase price: $12.00 per share Total holdings after: 3,073,405 shares +1 more

4 metrics

Shares purchased 16,709 shares Open-market buy on May 7, 2026

Purchase price $12.00 per share Common stock transaction

Total holdings after 3,073,405 shares Indirect ownership following transaction

Net shares bought 16,709 shares Net-buy direction in filing summary

Key Terms

open-market purchase, indirect ownership, ten percent owner

3 terms

open-market purchase financial

"transaction_action: open-market purchase 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.

indirect ownership financial

"ownership_type marked as indirect for the transaction"

ten percent owner financial

"reporting person marked as a ten percent owner"

Form 4 Insider Transactions: What Each Field Means →

05/11/2026 - 12:34 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)
05/07/2026

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	05/07/2026		P		16,709	A	$12	3,073,405	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	05/11/2026
	Boaz Weinstein	05/11/2026
	** 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 16,709 shares of New Germany Fund common stock in an open-market purchase. The transaction occurred on May 7, 2026 at a price of $12.00 per share and increased its indirect ownership stake in the fund.

How many NEW GERMANY FUND INC (GF) shares does Saba Capital hold after this Form 4?

After the reported transaction, Saba Capital’s indirect holdings total 3,073,405 shares of New Germany Fund common stock. This reflects the addition of 16,709 shares purchased on May 7, 2026 at $12.00 per share in an open-market transaction.

Was the NEW GERMANY FUND INC (GF) insider transaction a purchase or sale?

The insider transaction reported by Saba Capital for New Germany Fund was a purchase. It bought 16,709 common shares in an open-market transaction at $12.00 per share, increasing its total indirect position to 3,073,405 shares following the transaction.

How large is Saba Capital’s latest NEW GERMANY FUND INC (GF) purchase relative to its position?

Saba Capital bought 16,709 New Germany Fund shares compared with 3,073,405 shares held afterward. This means the transaction modestly increased an already sizable indirect stake by a small fraction of its total reported holdings according to the Form 4.