Saba Capital Management, L.P. filed a Form 4 on September 21, 2026, disclosing two open-market purchases of common stock in New Germany Fund Inc (NYSE:GF) on September 17 and September 18, 2026.

Key Highlights

  • First purchase: 1,258 shares of common stock acquired on September 17, 2026, at $11.10 per share.
  • Second purchase: 14,185 shares of common stock acquired on September 18, 2026, at $10.82 per share.
  • Beneficial ownership after transactions: 3,707,067 shares held indirectly following the September 18 transaction.
  • Ownership relationship: Saba Capital Management is identified as a 10% owner of New Germany Fund Inc.
  • Transaction codes: Both transactions are coded "P" (open-market purchase), held indirectly.

Saba Capital's Two-Day Purchase Activity in New Germany Fund

According to the filing, Saba Capital Management, L.P., a New York-based investment firm located at 405 Lexington Avenue, 58th Floor, reported two purchases of New Germany Fund Inc common stock over consecutive trading days. On September 17, 2026, Saba Capital acquired 1,258 shares at a price of $11.10 per share, bringing its indirectly held beneficial ownership to 3,692,882 shares. The filing identifies transaction code "P" for both transactions, indicating open-market purchases.

On September 18, 2026, Saba Capital made a larger purchase of 14,185 shares at $10.82 per share. Following this second transaction, the filing reports total indirectly held beneficial ownership of 3,707,067 shares of New Germany Fund Inc common stock. Both positions are reported as held indirectly, though no further description of the nature of indirect beneficial ownership is provided in the filing.

The Form 4 was signed on September 21, 2026, by Zachary Gindes on behalf of Saba Capital Management, L.P., and also lists Boaz Weinstein as a signatory. Saba Capital is identified in the filing as a 10% owner of the issuer, New Germany Fund Inc, traded on NYSE under the symbol GF. No derivative securities transactions were reported.

What Was Disclosed

Saba Capital Management, L.P., a 10% owner of New Germany Fund Inc (NYSE:GF), disclosed two open-market purchases totaling 15,443 shares on September 17 and 18, 2026, resulting in indirect beneficial ownership of 3,707,067 shares.