Saba Capital boosts NEW GERMANY FUND (GF) stake with share purchase

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported an open-market purchase of 22,744 shares of Common Stock on April 8, 2026 at $11.41 per share. Following this transaction, Saba Capital’s indirect holdings increased to 2,832,311 shares of the fund’s common stock.

Insider Trade Summary

Net Buyer: 22,744 shares ($259,509)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 22,744 shs ($260K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	22,744	$11.41	$260K

Holdings After Transaction: Common Stock — 2,832,311 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 22,744 shares Purchase price: $11.41 per share Shares held after transaction: 2,832,311 shares

3 metrics

Shares purchased 22,744 shares Open-market purchase of Common Stock on April 8, 2026

Purchase price $11.41 per share Price for the April 8, 2026 open-market purchase

Shares held after transaction 2,832,311 shares Total indirect holdings following the reported purchase

Key Terms

open-market purchase, ten percent owner, Common Stock, indirect holdings

4 terms

open-market purchase financial

"reported an open-market purchase of 22,744 shares of Common Stock"

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., a ten percent owner of NEW GERMANY FUND INC"

Common Stock financial

"reported an open-market purchase of 22,744 shares of Common Stock"

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.

indirect holdings financial

"Following this transaction, Saba Capital’s indirect holdings increased to 2,832,311 shares"

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)
04/08/2026

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	04/08/2026		P		22,744	A	$11.41	2,832,311	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	04/09/2026
	Boaz Weinstein	04/09/2026
	** 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 Management, L.P. reported buying 22,744 shares of NEW GERMANY FUND INC Common Stock. The shares were acquired in an open-market transaction at $11.41 per share, increasing Saba Capital’s indirect holdings to 2,832,311 shares after the purchase.

When did Saba Capital buy additional NEW GERMANY FUND INC (GF) shares?

Saba Capital bought additional NEW GERMANY FUND INC Common Stock on April 8, 2026. The Form 4 shows an open-market purchase of 22,744 shares at a price of $11.41 per share, reported as an indirect ownership position after the transaction.

How many GF shares does Saba Capital hold after this Form 4 transaction?

After the reported transaction, Saba Capital holds 2,832,311 shares of NEW GERMANY FUND INC Common Stock indirectly. This total reflects the position immediately following the April 8, 2026 open-market purchase of 22,744 additional shares at $11.41 per share.

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

The Form 4 shows a purchase of NEW GERMANY FUND INC Common Stock by Saba Capital. It reports a P code, indicating an open-market purchase of 22,744 shares at $11.41 per share, increasing Saba Capital’s total indirect holdings to 2,832,311 shares.

Is Saba Capital a ten percent owner of NEW GERMANY FUND INC (GF)?

Yes, Saba Capital Management, L.P. is identified as a ten percent owner of NEW GERMANY FUND INC. The Form 4 lists Saba Capital as a ten percent owner and discloses an open-market purchase that brought its indirect holdings to 2,832,311 common shares.