Saba Capital Management buys 4806 shares in New Germany Fund Inc at $11.34/share.

NEW GERMANY FUND INC[GF] announces that Saba Capital Management, L.P., a 10% owner, has acquired 4,806 shares at a price of $11.34 per share on May 28, 2025.

New Germany Fund Inc. [GF] has announced that Saba Capital Management, L.P., a 10% owner of the company, has acquired an additional 4,806 shares at a price of $11.34 per share on May 28, 2025 [1]. The acquisition follows Saba Capital's strategic interest in the company, which has maintained dividend payments for 19 consecutive years, currently yielding 0.33% [3].

The purchase comes amidst Saba's ongoing activist campaign to overhaul UK investment trusts, targeting funds for higher returns. Saba's efforts have led to five of nine UK investment trusts voting to restructure or liquidate this year [1]. Saba's CEF Opportunities 1 fund is up 5.11% in May and down 0.76% for 2025 so far [1].

Saba Capital Management, L.P., now holds 1,933,583 shares indirectly in the $183.9M market cap fund, reflecting their continued investment in New Germany Fund [3]. The stock has shown remarkable momentum, gaining over 42% in the past six months and trading near its 52-week high of $11.40 [3].

The acquisition highlights Saba's commitment to GF, which continues to be a significant holding for the hedge fund. As Saba's activist campaign progresses, investors should keep an eye on the developments and potential impacts on the targeted funds' performance and shareholder value.

References:
[1] https://www.tradingview.com/news/reuters.com,2025:newsml_L3N3S00U4:0-hedge-fund-saba-reaches-agreement-with-another-investment-trust-target/
[2] https://www.streetinsider.com/SEC+Filings/Form+4+NEW+GERMANY+FUND+INC+For%3A+May+28+Filed+by%3A+Saba+Capital+Management%2C+L.P./24866799.html
[3] https://www.investing.com/news/insider-trading-news/new-germany-fund-sees-509592-stock-purchase-by-saba-capital-93CH-4061060