Saba Capital boosts stake in New Germany Fund (NYSE: GF)
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 15,646 shares ($191,507)
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
15,646 shs ($192K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 15,646 | $12.24 | $192K |
Holdings After Transaction:
Common Stock — 2,362,765 shares (Indirect, -)
Footnotes (1)
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.
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.