Saba Capital ups New Germany Fund (NYSE: GF) stake with share buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported open-market purchases of the fund’s common stock. On May 28 and May 29, 2026, it bought a combined 6,342 shares at prices around $12 per share, increasing its indirect holdings to 3,381,624 shares.

Insider Trade Summary

Net Buyer: 6,342 shares ($77,257)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role null

Bought 6,342 shs ($77K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	5,295	$12.20	$65K
Purchase	Common Stock	1,047	$12.09	$13K

Holdings After Transaction: Common Stock — 3,381,624 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased May 28, 2026: 1,047 shares Shares purchased May 29, 2026: 5,295 shares Total shares purchased: 6,342 shares +3 more

6 metrics

Shares purchased May 28, 2026 1,047 shares Open-market purchase at $12.09 per share

Shares purchased May 29, 2026 5,295 shares Open-market purchase at $12.20 per share

Total shares purchased 6,342 shares Combined open-market buys on May 28–29, 2026

Price May 28, 2026 $12.09/share Purchase price for 1,047 shares

Price May 29, 2026 $12.20/share Purchase price for 5,295 shares

Holdings after transactions 3,381,624 shares Indirect ownership following May 29, 2026 purchase

Key Terms

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

4 terms

open-market purchase financial

"transaction_action": "open-market purchase""

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 regulatory

""is_ten_percent_owner": 1"

indirect ownership financial

""ownership_type": "indirect""

Form 4 regulatory

"INSIDER FILING DATA (Form 4)"

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.

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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)
05/28/2026

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	05/28/2026		P		1,047	A	$12.09	3,376,329	I	-
Common Stock	05/29/2026		P		5,295	A	$12.2	3,381,624	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	06/01/2026
	Boaz Weinstein	06/01/2026
	** 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 did Saba Capital report in this Form 4 for GF?

Saba Capital Management, L.P. reported buying 6,342 shares of NEW GERMANY FUND INC common stock in open-market transactions, increasing its indirect holdings to 3,381,624 shares following the purchases.

On what dates did Saba Capital buy NEW GERMANY FUND INC (GF) shares?

Saba Capital bought NEW GERMANY FUND INC common stock on May 28, 2026 and May 29, 2026, according to the Form 4 insider filing detailing these open-market purchase transactions.

How many GF shares did Saba Capital buy in each transaction?

Saba Capital purchased 1,047 shares of NEW GERMANY FUND INC on May 28, 2026 and 5,295 shares on May 29, 2026, for a total of 6,342 shares acquired.

What prices did Saba Capital pay for NEW GERMANY FUND INC (GF) shares?

Saba Capital paid an average price of $12.09 per share on May 28, 2026 and $12.20 per share on May 29, 2026 for NEW GERMANY FUND INC common stock.

What is Saba Capital’s total GF ownership after these Form 4 transactions?

After these purchases, Saba Capital’s indirect holdings in NEW GERMANY FUND INC common stock increased to 3,381,624 shares, as reported in the Form 4 under total shares following the transaction.