[SCHEDULE 13G/A] NEW GERMANY FUND Inc SEC Filing

Rhea-AI Filing Summary

1607 Capital Partners, LLC reports beneficial ownership of 1,432,911 shares of New Germany Fund, Inc. common stock, representing 8.86% of the class. The filing states 1607 holds sole voting and sole dispositive power over those shares and that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer. The report is submitted on Schedule 13G/A for the class of common stock (CUSIP 644465106).

Positive

• Material stake disclosed: 1607 Capital Partners reports ownership of 1,432,911 shares (8.86%), exceeding the 5% reporting threshold.

Negative

• None.

Insights

Financial Analyst

TL;DR: A meaningful 8.86% stake was reported, indicating significant investor interest but no stated intent to seek control.

1607 Capital Partners' disclosure of an 8.86% holding in New Germany Fund is material because it exceeds the 5% threshold that triggers public reporting. The filing indicates sole voting and dispositive power, meaning 1607 can unilaterally vote and dispose of the reported shares. However, the certification clarifies the position was acquired in the ordinary course and not to influence control, which limits immediate governance implications. Investors may view this as a notable ownership concentration to monitor, but the filing itself conveys no proposed strategic actions or control attempts.

Corporate Governance Expert

TL;DR: Disclosure shows a single investor with sole control over a sizable stake but expressly denies intent to change issuer control.

The reporting indicates clear single-party voting authority over 1,432,911 shares, which can affect shareholder votes if 1607 chooses to act. The Schedule 13G/A classification and the attestation that holdings are not intended to influence control suggest passive investor status under the Exchange Act rules. From a governance perspective, the position is large enough to be influential in contested or close-vote situations, though the filing contains no commitment to exercise that influence.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 18)

New Germany Fund, Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share

(Title of Class of Securities)

644465106

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 644465106

1

Names of Reporting Persons

1607 Capital Partners, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 1,432,911.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 1,432,911.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,432,911.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.86 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: New Germany Fund, Inc.
(b)	Address of issuer's principal executive offices: 875 Third Avenue, New York, NY 10022
Item 2.
(a)	Name of person filing: 1607 Capital Partners, LLC
(b)	Address or principal business office or, if none, residence: 13 S. 13th Street, Suite 400, Richmond, Virginia 23219
(c)	Citizenship: Delaware, United States
(d)	Title of class of securities: Common Stock, par value $0.001 per share
(e)	CUSIP No.: 644465106
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 1,432,911
(b)	Percent of class: 8.86%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 1,432,911
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 1,432,911
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

1607 Capital Partners, LLC

Signature:	Kevin Rutherford
Name/Title:	Kevin Rutherford | Chief Compliance Officer
Date:	08/14/2025

FAQ

What stake did 1607 Capital Partners report in New Germany Fund (GF)?

The filer reports beneficial ownership of 1,432,911 shares, representing 8.86% of New Germany Fund's common stock.

Does 1607 Capital Partners have voting control over the reported shares?

Yes. The filing states sole voting power and sole dispositive power over the 1,432,911 shares.

Was the position acquired to influence control of New Germany Fund?

No. The certification in the filing states the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control.

Which SEC form was used to report this holding?

The holding was reported on Schedule 13G/A under the Securities Exchange Act of 1934 for common stock (CUSIP 644465106).

What is the significance of exceeding 5% ownership in a Schedule 13G filing?

Owning more than 5% triggers public reporting obligations; here it notifies the market that a single holder controls 8.86% of the class.