Saba Capital boosts NEW GERMANY FUND (NYSE: GF) stake with buys

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported two open-market purchases of the fund’s common stock. On June 12, 2026, it bought 10,848 shares at $11.55 per share, and on June 11, 2026, it bought 1,093 shares at $11.49 per share. These transactions total 11,941 shares and are held indirectly, bringing its reported indirect holdings to 3,509,940 shares of common stock after the latest trade.

Insider Trade Summary

Net Buyer: 11,941 shares ($137,853)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role null

Bought 11,941 shs ($138K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	10,848	$11.55	$125K
Purchase	Common Stock	1,093	$11.49	$13K

Holdings After Transaction: Common Stock — 3,509,940 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares bought June 12, 2026: 10,848 shares at $11.55 Shares bought June 11, 2026: 1,093 shares at $11.49 Total shares bought in filing: 11,941 shares +2 more

5 metrics

Shares bought June 12, 2026 10,848 shares at $11.55 Open-market purchase of common stock

Shares bought June 11, 2026 1,093 shares at $11.49 Open-market purchase of common stock

Total shares bought in filing 11,941 shares Net open-market purchases reported

Holdings after latest transaction 3,509,940 shares Indirect ownership of common stock after June 12, 2026

Buy transaction count 2 purchases Non-derivative open-market transactions

Key Terms

open-market purchase, indirect ownership, ten percent owner

3 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.

indirect ownership financial

"ownership_type: indirect; ownership_code: I"

ten percent owner financial

"is_ten_percent_owner: 1"

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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)
06/11/2026

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	06/11/2026		P		1,093	A	$11.49	3,499,092	I	-
Common Stock	06/12/2026		P		10,848	A	$11.55	3,509,940	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	06/15/2026
	Boaz Weinstein	06/15/2026
	** 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 activity did Saba Capital report for NEW GERMANY FUND (GF)?

Saba Capital reported buying common stock of NEW GERMANY FUND. It executed two open-market purchases totaling 11,941 shares, increasing its indirect holdings to 3,509,940 shares following the latest transaction, according to the Form 4 filing.

How many NEW GERMANY FUND (GF) shares did Saba Capital buy and at what prices?

Saba Capital bought 10,848 shares at $11.55 per share on June 12, 2026, and 1,093 shares at $11.49 per share on June 11, 2026. These open-market purchases totaled 11,941 shares of NEW GERMANY FUND common stock.

What is Saba Capital’s ownership in NEW GERMANY FUND (GF) after these trades?

After these trades, Saba Capital reported indirect ownership of 3,509,940 shares of NEW GERMANY FUND common stock. This total reflects the position following the June 12, 2026 open-market purchase disclosed in the Form 4.

Are Saba Capital’s NEW GERMANY FUND (GF) purchases direct or indirect holdings?

The reported holdings are indirect. The Form 4 classifies ownership as indirect, meaning Saba Capital holds the NEW GERMANY FUND common stock through an entity or structure rather than in its own name directly.

How many buy and sell transactions were in this NEW GERMANY FUND (GF) Form 4?

The Form 4 shows two buy transactions and no sales. All reported activity consists of open-market purchases of NEW GERMANY FUND common stock, with a net change of 11,941 shares purchased.