Saba Capital Management buys 5927 shares of NEW GERMANY FUND INC for $11.67/share.

NEW GERMANY FUND INC has recently announced that Saba Capital Management, L.P., a 10% owner of the company, has made a significant investment by purchasing 5927 shares at a price of $11.67 per share on August 25, 2025.

NEW YORK — New Germany Fund Inc (GF) has recently disclosed that Saba Capital Management, L.P., a 10% owner of the company, purchased 5,927 shares at a price of $11.67 per share on August 25, 2025. This transaction was reported through a Form 4 filing with the U.S. Securities and Exchange Commission (SEC) [1].

Saba Capital Management, L.P. and its affiliated reporting person Boaz Weinstein, who serves as both a director and a 10% owner, disclosed the purchase. After the transaction, the reporting persons beneficially owned 1,954,112 shares indirectly. The filing identifies the reporters as a director and a 10% owner, indicating that the purchase comes from an established insider with substantial existing exposure [1].

The purchase, made pursuant to a plan, is considered routine and does not signal a significant change in control. The transaction was reported in accordance with the SEC's Section 16 requirements, and the filing includes all necessary details, including the reporting persons, their relationship to the issuer, the transaction date, transaction code (P for purchase), price, and post-transaction beneficial ownership [1].

This transaction is a modest incremental buy rather than a control-shifting event, given the scale of total indirect holdings relative to the single purchase. The filing does not indicate any amendments, derivative activity, or other actions that would raise governance flags, ensuring transparency and compliance with SEC regulations [1].

In conclusion, the purchase by Saba Capital Management, L.P. is a routine investment that does not significantly alter the ownership structure of New Germany Fund Inc. The filing meets all required SEC disclosures, maintaining the integrity and transparency of the company's financial reporting.

References:
[1] https://www.stocktitan.net/sec-filings/GF/form-4-new-germany-fund-inc-insider-trading-activity-b4f8a1464bfa.html