Saba Capital buys 15.4K New Germany Fund shares

NEW GERMANY FUND INC (GF) reported that Saba Capital Management, L.P., a ten percent owner, purchased a total of 15,443 shares of common stock in open-market or private transactions on September 17 and 18, 2026.

Rhea-AI Filing Summary

NEW GERMANY FUND INC (GF) reported that Saba Capital Management, L.P., a ten percent owner, purchased a total of 15,443 shares of common stock in open-market or private transactions on September 17 and 18, 2026. The purchases were reported as indirect ownership, and no Rule 10b5-1 trading plan is reported.

The transactions included 14,185 shares at $10.82 per share on September 18, 2026 and 1,258 shares at $11.10 per share on September 17, 2026. The filing does not state the total number of shares held following these transactions.

Insider Trade Summary

Net Buyer: 15,443 shares

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 15,443 shs ($167K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	14,185	$10.82	$153K
Purchase	Common Stock	1,258	$11.10	$14K

Holdings After Transaction: Common Stock — 3,707,067 shares (Indirect, -)

Key Figures

Total shares purchased: 15,443 shares Shares purchased September 18, 2026: 14,185 shares at $10.82 per share Shares purchased September 17, 2026: 1,258 shares at $11.10 per share +1 more

4 metrics

Total shares purchased 15,443 shares Common stock bought by Saba Capital Management on September 17–18, 2026

Shares purchased September 18, 2026 14,185 shares at $10.82 per share Open-market or private transaction, indirect ownership

Shares purchased September 17, 2026 1,258 shares at $11.10 per share Open-market or private transaction, indirect ownership

Net buy shares reported 15,443 shares Net of all buy and sell transactions in this Form 4

Key Terms

ten percent owner, indirect ownership, Rule 10b5-1 plan

3 terms

ten percent owner regulatory

"Saba Capital Management, L.P. is reported as a ten percent owner."

indirect ownership regulatory

"The transactions were reported as indirect ownership of common stock."

Rule 10b5-1 plan regulatory

"No transactions were affirmed as being made under a Rule 10b5-1 plan."

A Rule 10b5-1 plan is a prearranged, written schedule that lets corporate insiders buy or sell company stock at set times or amounts, even if they later learn material nonpublic information. Think of it like setting an automatic thermostat for trades: it creates a clear record that trades were planned in advance, reducing the risk of insider-trading accusations and helping investors trust that insider transactions are routine rather than based on secret information.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who bought shares of GF in this Form 4 filing?

The buyer is Saba Capital Management, L.P., reported as a ten percent owner of NEW GERMANY FUND INC. The firm reported indirect ownership of the purchased common shares.

How many GF shares did Saba Capital Management purchase?

Saba Capital Management purchased a total of 15,443 shares of NEW GERMANY FUND INC common stock, consisting of 14,185 shares on September 18, 2026 and 1,258 shares on September 17, 2026.

At what prices were the GF shares purchased in this Form 4?

The reported purchases were made at $10.82 per share for 14,185 shares on September 18, 2026 and $11.10 per share for 1,258 shares on September 17, 2026, in open-market or private transactions.

Are these GF purchases direct or indirect holdings?

The filing reports the purchased common stock as held through indirect ownership. The Form 4 does not provide additional detail on the underlying entity in this data excerpt.

Were the GF share purchases made under a Rule 10b5-1 plan?

No. The filing indicates that the Rule 10b5-1 plan affirmation box is not checked, so the reported transactions were not affirmed as being made pursuant to a Rule 10b5-1 trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/21/2026 - 09:51 AM Accepted by SEC EDGAR 09/21/2026 - 09:50 AM Learn about SEC filing dates

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)
09/17/2026

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	09/17/2026		P		1,258	A	$11.1	3,692,882	I	-
Common Stock	09/18/2026		P		14,185	A	$10.82	3,707,067	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	09/21/2026
	Boaz Weinstein	09/21/2026
	** 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)