1607 Capital Partners Holds 10.6% Stake in New Germany Fund

TL;DR

**1607 Capital Partners still owns 10.6% of New Germany Fund, signaling continued institutional confidence.**

AI Summary

1607 Capital Partners, LLC, a Delaware-based investment firm, filed an amendment (SC 13G/A) on February 8, 2024, disclosing its ownership in New Germany Fund, Inc. As of December 31, 2023, 1607 Capital Partners, LLC beneficially owned 1,630,423 shares of New Germany Fund's Common Stock, representing 10.6% of the company. This filing indicates a significant, continued stake by a major institutional investor, which could signal confidence in the fund's strategy and performance to other shareholders.

Why It Matters

This filing shows that a significant institutional investor, 1607 Capital Partners, LLC, maintains a substantial ownership stake in New Germany Fund, Inc., which can be a positive signal of confidence to current and prospective investors.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a level of oversight.

Analyst Insight

Investors should note the continued significant institutional ownership by 1607 Capital Partners, LLC, which may suggest stability and long-term confidence in New Germany Fund, Inc. This information could be factored into a broader analysis of the fund's investment appeal.

Key Numbers

• 1,630,423 — Shares Beneficially Owned (number of shares of New Germany Fund, Inc. Common Stock owned by 1607 Capital Partners, LLC)
• 10.6% — Percentage of Class (percentage of New Germany Fund, Inc. Common Stock owned by 1607 Capital Partners, LLC)
• $0.001 — Par Value per Share (par value of New Germany Fund, Inc. Common Stock)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person and beneficial owner
• New Germany Fund, Inc. (company) — the issuer of the securities
• Delaware (place) — place of organization for 1607 Capital Partners, LLC
• December 31, 2023 (date) — date of event requiring the filing
• February 8, 2024 (date) — date the SC 13G/A was filed

Forward-Looking Statements

• 1607 Capital Partners, LLC will maintain a significant stake in New Germany Fund, Inc. for the foreseeable future. (1607 Capital Partners, LLC) — medium confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.001 — me of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• gf-123123a16.htm (SC 13G/A) — 51KB
• 0001172661-24-000561.txt ( ) — 53KB

(a)Name of Issuer

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

(a)Name of Person Filing

Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common Stock, par value $0.001 per share (e) CUSIP No.: 644465106 CUSIP No. 644465106 SCHEDULE 13G/A Page 4 of 6 Pages

If

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) x 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); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 644465106 SCHEDULE 13G /A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 1,630,423 (b) Percent of class: 9.6% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 1,630,423 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,630,423 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof the

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