Saba Capital adds to New Germany Fund (NYSE: GF) stake
Rhea-AI Filing Summary
Saba Capital Management, L.P., a ten percent owner of New Germany Fund Inc., purchased 22,681 shares of common stock on 2026-07-20 at $11.41 per share in an open-market or private transaction. After this indirect acquisition, it reports holding 3,669,683 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 22,681 shares
Net Buy
1 txn
Insider
Saba Capital Management, L.P.
Role
10% Owner
Bought
22,681 shs ($259K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 22,681 | $11.41 | $259K |
Holdings After Transaction:
Common Stock — 3,669,683 shares (Indirect, -)
Key Figures
Shares purchased: 22,681 shares
Purchase price: $11.41 per share
Post-transaction holdings: 3,669,683 shares
+2 more
5 metrics
Shares purchased
22,681 shares
Common Stock transaction on 2026-07-20
Purchase price
$11.41 per share
Price for Common Stock bought on 2026-07-20
Post-transaction holdings
3,669,683 shares
Common Stock held after the reported purchase
Net buy shares
22,681 shares
Net buying activity in this Form 4
Buy transactions reported
1
Number of buy transactions in this filing
Key Terms
ten percent owner, indirect ownership, Common Stock
3 terms
ten percent owner regulatory
"Saba Capital Management, L.P. is a ten percent owner"
indirect ownership financial
"The filing classifies the position as indirect ownership"
Common Stock financial
"Transaction involved Common Stock of New Germany Fund Inc."
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction in GF did Saba Capital report?
Saba Capital reported a purchase of 22,681 New Germany Fund (GF) common shares on 2026-07-20. The trade was recorded as a purchase in an open-market or private transaction at a price of $11.41 per share.
Was the GF transaction by Saba Capital a buy or a sell?
The Form 4 shows a buy transaction for New Germany Fund (GF) shares by Saba Capital. The filing classifies the move as a purchase, not a sale, based on the acquisition code and net-buy summary.
How large was Saba Capital’s latest GF purchase relative to its position?
Saba Capital acquired 22,681 GF shares, bringing its reported holdings to 3,669,683 shares. The transaction modestly increases an already large position reported by the firm as a ten percent owner of New Germany Fund.