Saba Capital lifts 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 open-market purchases of the fund’s common stock. On April 9, 2026, it bought 179,497 shares at $11.20 per share, and on April 10, 2026, it bought 20,407 shares at $11.23 per share.

After these transactions, Saba Capital’s indirect holdings increased to 3,032,215 common shares, reflecting total net purchases of 199,904 shares across the two days.

Insider Trade Summary

Net Buyer: 199,904 shares ($2,239,537)

Net Buy 2 txns

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 199,904 shs ($2.24M)

Type	Security	Shares	Price	Value
Purchase	Common Stock	20,407	$11.23	$229K
Purchase	Common Stock	179,497	$11.20	$2.01M

Holdings After Transaction: Common Stock — 3,032,215 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares bought 2026-04-09: 179,497 shares Shares bought 2026-04-10: 20,407 shares Total net shares bought: 199,904 shares +3 more

6 metrics

Shares bought 2026-04-09 179,497 shares Open-market purchase at $11.20 per share

Shares bought 2026-04-10 20,407 shares Open-market purchase at $11.23 per share

Total net shares bought 199,904 shares Two open-market purchases in April 2026

Holdings after 2026-04-10 3,032,215 shares Indirect common stock holdings after latest trade

Price per share 2026-04-09 $11.20/share Open-market purchase price

Price per share 2026-04-10 $11.23/share Open-market purchase price

Key Terms

open-market purchase, ten percent owner, indirect ownership

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.

ten percent owner financial

"is_ten_percent_owner: 1"

indirect ownership financial

"ownership_type: "indirect", ownership_code: "I""

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)
04/09/2026

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	04/09/2026		P		179,497	A	$11.2	3,011,808	I	-
Common Stock	04/10/2026		P		20,407	A	$11.23	3,032,215	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	04/13/2026
	Boaz Weinstein	04/13/2026
	** 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 Management, L.P. reported buying additional NEW GERMANY FUND (GF) common shares in two open-market transactions. It purchased 179,497 shares at $11.20 and 20,407 shares at $11.23, increasing its indirect holdings to 3,032,215 shares.

How many NEW GERMANY FUND (GF) shares did Saba Capital buy on April 9, 2026?

On April 9, 2026, Saba Capital bought 179,497 NEW GERMANY FUND (GF) common shares. The shares were acquired in an open-market purchase at a price of $11.20 per share, as reported in the Form 4 insider filing data.

What was Saba Capital’s NEW GERMANY FUND (GF) share purchase on April 10, 2026?

On April 10, 2026, Saba Capital bought 20,407 NEW GERMANY FUND (GF) common shares. The shares were acquired in an open-market transaction at a price of $11.23 per share, according to the reported insider trading data.

What are Saba Capital’s total NEW GERMANY FUND (GF) holdings after these purchases?

Following the two reported purchases, Saba Capital’s indirect holdings in NEW GERMANY FUND (GF) rose to 3,032,215 common shares. This figure reflects the position after acquiring 199,904 shares across the April 9 and April 10, 2026 transactions.

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

The NEW GERMANY FUND (GF) trades reported by Saba Capital are classified as indirect ownership. The Form 4 data lists the ownership type as indirect with an ownership code of “I” for both open-market purchases disclosed.