Saba Capital sells 2,000 New Germany Fund shares

Saba Capital Management, L.P., a 10% owner of New Germany Fund Inc, reported a small share sale.

Rhea-AI Filing Summary

Saba Capital Management, L.P., a 10% owner of New Germany Fund Inc, reported a small share sale. On January 13, 2026, the firm sold 2,000 shares of common stock at $12.12 per share. After this transaction, Saba Capital indirectly beneficially owned 2,252,116 shares of the fund’s common stock. The filing is made by one reporting person and does not list any derivative securities activity.

Insider Trade Summary

Net Seller: 2,000 shares

Net Sell 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Sold 2,000 shs ($24K)

Type	Security	Shares	Price	Value
Sale	Common Stock	2,000	$12.12	$24K

Holdings After Transaction: Common Stock — 2,252,116 shares (Indirect, -)

FAQ

What insider transaction did Saba Capital report for GF?

Saba Capital Management, L.P. reported selling 2,000 shares of New Germany Fund Inc common stock on January 13, 2026 at $12.12 per share.

How many New Germany Fund (GF) shares does Saba Capital own after the sale?

After the reported sale, Saba Capital indirectly beneficially owned 2,252,116 shares of New Germany Fund Inc common stock.

What type of security was involved in this GF insider trade?

The transaction involved common stock of New Germany Fund Inc, reported as a non-derivative security.

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

The transaction was a sale, coded as S in the filing, covering 2,000 shares of New Germany Fund Inc common stock.

Is Saba Capital a major holder of New Germany Fund (GF)?

Yes. Saba Capital Management, L.P. is identified as a 10% owner of New Germany Fund Inc in the filing.

Does the filing show any derivative securities for New Germany Fund (GF)?

No derivative securities are listed; only a non-derivative common stock transaction is reported for New Germany Fund Inc.

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

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Accepted by SEC EDGAR 01/14/2026 - 03:12 PM 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 NY 10174

(City) (State) (Zip)

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)

3. Date of Earliest Transaction (Month/Day/Year)
01/13/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	01/13/2026		S		2,000	D	$12.12	2,252,116	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	01/14/2026
	Boaz Weinstein	01/14/2026
	** 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.