Saba Capital adds New Germany Fund (GF) shares in Form 4 filing

Rhea-AI Filing Summary

Saba Capital Management, L.P., a more than ten percent owner of New Germany Fund Inc, reported an open-market purchase of 224 shares of common stock at $10.80 per share on March 12, 2026. After this small additional purchase, Saba Capital indirectly holds 2,539,141 shares.

Insider Trade Summary

Net Buyer: 224 shares ($2,419)

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 224 shs ($2K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	224	$10.80	$2K

Holdings After Transaction: Common Stock — 2,539,141 shares (Indirect, -)

Footnotes (1)

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
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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)
03/12/2026

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	03/12/2026		P		224	A	$10.8	2,539,141	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	03/13/2026
	Boaz Weinstein	03/13/2026
	** 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.

FAQ

What insider transaction did Saba Capital report for NEW GERMANY FUND INC (GF)?

Saba Capital reported buying 224 shares of New Germany Fund common stock in an open-market transaction at $10.80 per share on March 12, 2026. The filing shows this as an indirect ownership position under Form 4 reporting rules.

How many NEW GERMANY FUND (GF) shares does Saba Capital own after this Form 4?

After the reported transaction, Saba Capital indirectly owns 2,539,141 shares of New Germany Fund common stock. This reflects its position as a more than ten percent owner, with the 224-share purchase representing only a minor increase in its overall holdings.

Was the Saba Capital transaction in NEW GERMANY FUND (GF) a purchase or sale?

The Form 4 discloses a purchase. Saba Capital executed an open-market buy of 224 shares of New Germany Fund common stock at a price of $10.80 per share, classified under transaction code “P” for purchase in the SEC reporting framework.

Is Saba Capital’s NEW GERMANY FUND (GF) position direct or indirect in this filing?

The reported holdings are classified as indirect. The Form 4 identifies the 2,539,141 shares of New Germany Fund common stock, including the newly acquired 224 shares, as indirectly owned by Saba Capital, consistent with its role as an institutional ten percent owner.

Does this NEW GERMANY FUND (GF) Form 4 show any share sales by Saba Capital?

No share sales are reported in this Form 4. The filing only shows a single open-market purchase of 224 New Germany Fund common shares, with total indirect holdings rising to 2,539,141 shares after the transaction, and no dispositions listed in the transaction summary.