Saba Capital buys 3,721 New Germany Fund shares

A 10% owner of NEW GERMANY FUND INC increased its indirect stake with an open-market purchase.

Rhea-AI Filing Summary

NEW GERMANY FUND INC (GF) reported that Saba Capital Management, L.P., a ten percent owner, purchased common stock on September 3, 2026. The fund bought 3,721 shares in an open-market or private transaction at $11.56 per share, held indirectly, bringing its reported holdings to 3,684,805 shares after the trade. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Buyer: 3,721 shares

Net Buy 1 txn

Insider Saba Capital Management, L.P.

Role 10% Owner

Bought 3,721 shs ($43K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	3,721	$11.56	$43K

Holdings After Transaction: Common Stock — 3,684,805 shares (Indirect, -)

Key Figures

Shares purchased: 3,721 shares Purchase price per share: $11.56 per share Shares owned after transaction: 3,684,805 shares +1 more

4 metrics

Shares purchased 3,721 shares Common stock bought on September 3, 2026

Purchase price per share $11.56 per share Price for the 3,721 common shares acquired

Shares owned after transaction 3,684,805 shares Indirect holdings of Saba Capital after the September 3, 2026 trade

Net shares bought 3,721 shares Net buy volume reported in this Form 4

Key Terms

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

3 terms

indirect ownership financial

"The 3,684,805 shares reported following the transaction are held indirectly"

Rule 10b5-1 regulatory

"No Rule 10b5-1 trading plan is reported for this purchase"

Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.

ten percent owner regulatory

"Saba Capital Management, L.P., a ten percent owner, purchased common stock"

FAQ

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

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

Saba Capital Management, L.P. reported a purchase of NEW GERMANY FUND INC common stock. On September 3, 2026 it acquired 3,721 shares in an open-market or private transaction, increasing its indirect holdings in the fund.

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

Saba Capital bought 3,721 shares of NEW GERMANY FUND INC common stock at a price of $11.56 per share on September 3, 2026, as reported in the Form 4 filing.

What is Saba Capital’s total reported ownership in GF after this transaction?

After the September 3, 2026 purchase, Saba Capital Management, L.P. reported indirect ownership of 3,684,805 shares of NEW GERMANY FUND INC common stock, according to the Form 4 data.

Is Saba Capital’s position in NEW GERMANY FUND INC held directly or indirectly?

The filing classifies Saba Capital’s holdings in NEW GERMANY FUND INC as indirect ownership. The 3,684,805 shares reported following the transaction are held indirectly, with ownership type coded as indirect.

Was the GF insider purchase made under a Rule 10b5-1 trading plan?

No. The Rule 10b5-1 checkbox in the Form 4 is not checked, and no footnote indicates a trading plan, so the September 3, 2026 purchase was not reported as being made under a Rule 10b5-1 plan.

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

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Available on EDGAR 09/08/2026 - 09:37 AM Accepted by SEC EDGAR 09/08/2026 - 09:36 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)
09/03/2026

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	09/03/2026		P		3,721	A	$11.56	3,684,805	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	09/08/2026
	Boaz Weinstein	09/08/2026
	** 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)