Saba Capital Management Buys 9796 Shares of New Germany Fund for $118,021.96

New Germany Fund Inc. [GF] has announced that Saba Capital Management, L.P., a 10% owner of the company, has acquired 9796 shares at a price of $12.01 per share on July 18, 2025.

New Germany Fund Inc. (NYSE: GF) has seen a significant investment from Saba Capital Management, L.P., a 10% owner of the company, as the firm purchased 9,796 shares of common stock on July 18, 2025. The shares were acquired at a price of $12.01 per share, totaling approximately $117,649 [1].

This purchase comes at a time when GF is trading near its 52-week high of $12.47, having shown remarkable strength with a nearly 49% increase over the past six months [1]. Following the transaction, Saba Capital Management, L.P. now directly owns 1,948,185 shares of New Germany Fund Inc., representing a significant position in the $195 million market cap fund [1].

In other recent developments, the New Germany Fund announced the election of two Class I Directors, Ms. Fiona Flannery and Dr. Holger Hatje, during its reconvened Annual Meeting of Stockholders [1]. Additionally, stockholders had previously ratified the appointment of Ernst & Young LLP as the independent auditors for the Fund’s 2025 fiscal year [1].

The latest acquisition by Saba Capital Management, L.P. highlights the fund's continued appeal to investors, especially given its strong performance and the strategic positioning of its portfolio. For investors considering GF, the recent purchase by a significant shareholder underscores the fund's potential as a long-term investment opportunity.

References:
[1] https://www.investing.com/news/insider-trading-news/saba-capital-buys-117k-in-new-germany-fund-gf-93CH-4144454