Saba Capital boosts New Germany Fund (GF) stake with 4,812-share buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of New Germany Fund Inc., reported an open-market purchase of 4,812 shares of common stock at $11.73 per share. Following this indirect transaction, Saba Capital’s total reported holdings increased to 3,056,696 shares of the fund’s common stock.

Insider Trade Summary

Net Buyer: 4,812 shares ($56,445)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 4,812 shs ($56K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	4,812	$11.73	$56K

Holdings After Transaction: Common Stock — 3,056,696 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 4,812 shares Purchase price: $11.73 per share Holdings after transaction: 3,056,696 shares +1 more

4 metrics

Shares purchased 4,812 shares Open-market purchase of New Germany Fund common stock

Purchase price $11.73 per share Price paid in the reported open-market transaction

Holdings after transaction 3,056,696 shares Total indirect GF common shares held after the purchase

Transaction date 2026-05-05 Date of the open-market purchase of GF shares

Key Terms

open-market purchase, ten percent owner, indirect ownership, Form 4

4 terms

open-market purchase financial

"The transaction is classified as an open-market purchase under code P."

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. is identified as a ten percent owner."

indirect ownership financial

"The filing lists the holdings as indirect with ownership code I."

Form 4 regulatory

"The insider transaction is disclosed in a Form 4 filing."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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)
05/05/2026

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	05/05/2026		P		4,812	A	$11.73	3,056,696	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	05/07/2026
	Boaz Weinstein	05/07/2026
	** 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)

FAQ

What insider transaction did Saba Capital report for GF?

Saba Capital reported an open-market purchase of 4,812 New Germany Fund (GF) common shares. The shares were bought at $11.73 each, and the filing shows Saba Capital now indirectly holds a total of 3,056,696 GF common shares after the transaction.

Was the Saba Capital trade in GF stock a purchase or sale?

The reported transaction was a purchase of GF shares by Saba Capital. It is classified as an open-market purchase under code P, meaning Saba Capital increased its indirect position rather than selling or reducing its holdings in New Germany Fund.

How many New Germany Fund (GF) shares does Saba Capital hold after this filing?

After buying 4,812 GF shares, Saba Capital’s total reported indirect holdings reached 3,056,696 common shares. This figure reflects the position immediately following the transaction disclosed in the Form 4, providing an updated snapshot of the firm’s ownership stake.

At what price did Saba Capital buy its latest GF shares?

Saba Capital bought the 4,812 New Germany Fund shares at $11.73 per share. This price represents the transaction value for the open-market purchase reported, giving investors a clear view of the level at which additional shares were acquired.

Is Saba Capital a significant owner of New Germany Fund (GF)?

Yes. In the Form 4, Saba Capital is identified as a ten percent owner of New Germany Fund. After the reported open-market purchase, it indirectly holds 3,056,696 GF common shares, underscoring its role as a large institutional shareholder in the fund.