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

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of The New Germany Fund Inc. (GF), bought additional common stock on February 9, 2026. The fund purchased 15,646 shares at $12.24 per share in an indirect ownership account, bringing its beneficial holdings to 2,362,765 shares.

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

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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 NY 10174

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	02/09/2026		P		15,646	A	$12.24	2,362,765	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	02/11/2026
	Boaz Weinstein	02/11/2026
	** 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.

FAQ

What insider transaction did Saba Capital report for GF?

Saba Capital Management, L.P. reported buying 15,646 shares of New Germany Fund Inc. (GF) common stock. The purchase occurred on February 9, 2026, at a price of $12.24 per share and increased its total indirect beneficial ownership to 2,362,765 shares.

When did the Saba Capital insider purchase of GF shares take place?

The insider purchase took place on February 9, 2026. On that date, Saba Capital Management, L.P. acquired 15,646 shares of The New Germany Fund Inc. (GF) common stock at $12.24 per share, increasing its indirect beneficial holdings to 2,362,765 shares.

How many GF shares does Saba Capital beneficially own after this transaction?

After the reported transaction, Saba Capital Management, L.P. beneficially owns 2,362,765 shares of New Germany Fund Inc. (GF) common stock. This figure reflects indirect ownership following the February 9, 2026 purchase of 15,646 additional shares at a price of $12.24 per share.

What was the price paid per share in Saba Capital’s GF stock purchase?

Saba Capital Management, L.P. paid $12.24 per share for New Germany Fund Inc. (GF) common stock. This price applied to the purchase of 15,646 shares on February 9, 2026, which raised its total indirect beneficial ownership position to 2,362,765 shares.

Is Saba Capital a 10% owner of New Germany Fund Inc. (GF)?

Yes, Saba Capital Management, L.P. is identified as a 10% owner of New Germany Fund Inc. (GF). Following its February 9, 2026 transaction, it indirectly beneficially owns 2,362,765 shares of the fund’s common stock, according to the reported ownership information.