Saba discloses 12.65% stake in The New Germany Fund (GF)
Saba Capital Management filed Amendment No. 6 to Schedule 13D regarding The New Germany Fund, Inc. (GF), reporting beneficial ownership of 2,046,734 common shares, or 12.65% of the class.
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Rhea-AI Filing Summary
Saba Capital Management filed Amendment No. 6 to Schedule 13D regarding The New Germany Fund, Inc. (GF), reporting beneficial ownership of 2,046,734 common shares, or 12.65% of the class. The filing lists shared voting and dispositive power over all reported shares and no sole power. The event date triggering the amendment was 11/10/2025.
The stake size is calculated against 16,179,780 shares outstanding as of 6/30/25, as disclosed in the issuer’s N‑CSRS. The reporting persons are Saba Capital Management, L.P., Saba Capital Management GP, LLC, and Boaz R. Weinstein. The filing notes that approximately $18,141,572 was paid to acquire the reported shares. Recent transactions within 60 days were in the open market, as referenced in Schedule A.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What stake did Saba disclose in The New Germany Fund (GF)?
How is the 12.65% ownership percentage calculated for GF?
How much did Saba pay to acquire its GF position?
Who are the reporting persons on the GF Schedule 13D/A?
What is the date of the event requiring this GF 13D amendment?
Did the filing state a specific purpose for Saba’s GF stake?
AI-generated analysis. How Rhea-AI works. Not financial advice.