Saba Capital buys 1,179 New Germany Fund shares

A 10% owner of NEW GERMANY FUND INC increased its indirect holdings through a modest open-market purchase.

Rhea-AI Filing Summary

NEW GERMANY FUND INC (GF) had a Form 4 filed by major shareholder Saba Capital Management, L.P., reporting an open-market or private purchase of 1,179 shares of common stock on September 8, 2026 at $11.55 per share. After this indirectly held purchase, Saba Capital Management, L.P. reports owning 3,685,984 shares.

Insider Trade Summary

Net Buyer: 1,179 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 1,179 shs ($14K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	1,179	$11.55	$14K

Holdings After Transaction: Common Stock — 3,685,984 shares (Indirect, -)

Key Figures

Shares purchased: 1,179 shares Purchase price per share: $11.55 per share Shares owned after transaction: 3,685,984 shares +2 more

5 metrics

Shares purchased 1,179 shares Common stock bought on September 8, 2026

Purchase price per share $11.55 per share Open-market or private transaction on September 8, 2026

Shares owned after transaction 3,685,984 shares Indirect holdings of Saba Capital Management, L.P. following the purchase

Net buy shares 1,179 shares Net change in reported non-derivative holdings in this Form 4

Number of buy transactions 1 transaction Reported in this Form 4 for non-derivative securities

Key Terms

ten percent owner, indirect ownership, open market or private transaction

3 terms

ten percent owner regulatory

"Saba Capital Management, L.P. is identified as a ten percent owner"

indirect ownership financial

"the 3,685,984 shares are reported as held through indirect ownership"

open market or private transaction financial

"described as a purchase in an open market or private transaction"

FAQ

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

What insider transaction in GF did Saba Capital Management report on this Form 4?

Saba Capital Management, L.P. reported a purchase of 1,179 GF common shares on September 8, 2026 in an open-market or private transaction at $11.55 per share, increasing its indirectly held position.

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

After the reported trade, Saba Capital Management, L.P. reports holding 3,685,984 shares of NEW GERMANY FUND INC common stock indirectly.

Was the GF insider trade made under a Rule 10b5-1 trading plan?

No. The filing’s Rule 10b5-1 checkbox is unchecked, so the reported GF share purchase was not affirmed as being made under a Rule 10b5-1 trading plan.

What was the price paid per GF share in the reported insider purchase?

The Form 4 states that Saba Capital Management, L.P. bought GF common stock at $11.55 per share in the September 8, 2026 transaction.

Is Saba Capital Management considered a major holder of GF?

Yes. Saba Capital Management, L.P. is identified in the filing as a ten percent owner of NEW GERMANY FUND INC, indicating a significant ownership stake.

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

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Available on EDGAR 09/09/2026 - 01:06 PM Accepted by SEC EDGAR 09/09/2026 - 01:05 PM Learn about SEC filing dates

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 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)
09/08/2026

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/08/2026		P		1,179	A	$11.55	3,685,984	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	09/09/2026
	Boaz Weinstein	09/09/2026
	** 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)