Saba Capital (GF) adds 3,900 NEW GERMANY FUND shares in open-market buy

Rhea-AI Filing Summary

Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC, reported an open-market purchase of 3,900 shares of common stock on May 21, 2026 at a price of $11.83 per share. Following this indirect purchase, Saba Capital’s reported holdings rose to 3,130,789 shares.

Insider Trade Summary

Net Buyer: 3,900 shares ($46,137)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role null

Bought 3,900 shs ($46K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	3,900	$11.83	$46K

Holdings After Transaction: Common Stock — 3,130,789 shares (Indirect, -)

Footnotes (1)

Key Figures

Shares purchased: 3,900 shares Purchase price: $11.83 per share Shares held after transaction: 3,130,789 shares +2 more

5 metrics

Shares purchased 3,900 shares Open-market buy on May 21, 2026

Purchase price $11.83 per share Price for NEW GERMANY FUND INC common stock

Shares held after transaction 3,130,789 shares Indirect holdings reported following the trade

Transaction code P Purchase in open market or private transaction

Insider status Ten percent owner Saba Capital Management, L.P. status for GF

Key Terms

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

4 terms

open-market purchase financial

"reported an open-market purchase of 3,900 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 regulatory

"Saba Capital Management, L.P. as a ten percent owner of NEW GERMANY FUND"

Form 4 regulatory

"The Form 4 reports a buy transaction by Saba Capital Management, L.P."

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.

indirect holdings financial

"This increased its indirect holdings to 3,130,789 shares"

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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)
05/21/2026

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	05/21/2026		P		3,900	A	$11.83	3,130,789	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	05/26/2026
	Boaz Weinstein	05/26/2026
	** 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 Management do in this NEW GERMANY FUND (GF) Form 4?

Saba Capital Management, L.P. reported buying 3,900 shares of NEW GERMANY FUND INC common stock in an open-market transaction. This increased its indirect holdings to 3,130,789 shares, reflecting a small additional investment in the closed-end fund’s shares.

How many GF shares did Saba Capital buy and at what price?

Saba Capital purchased 3,900 NEW GERMANY FUND INC common shares at a price of $11.83 per share. The transaction was classified as an open-market purchase, indicating shares were acquired on the market rather than through a private or derivative-related transaction.

What are Saba Capital’s total GF holdings after this transaction?

After the reported trade, Saba Capital’s indirect holdings in NEW GERMANY FUND INC rose to 3,130,789 common shares. This figure reflects the position reported in the Form 4 following the May 21, 2026 open-market purchase of 3,900 additional shares.

Is Saba Capital a major holder of NEW GERMANY FUND (GF)?

Yes. The Form 4 identifies Saba Capital Management, L.P. as a ten percent owner of NEW GERMANY FUND INC. That status means it owns at least ten percent of the fund’s shares, making its transactions subject to Section 16 insider reporting rules.

Was the GF Form 4 transaction a buy or a sell by Saba Capital?

The Form 4 reports a buy transaction by Saba Capital Management, L.P. It shows an open-market purchase (code P) of 3,900 NEW GERMANY FUND INC common shares, with no reported sales in this filing and a net-buy share direction overall.