City of London IM Holds 1.22M Shares in New Germany Fund

TL;DR

**City of London IM still owns 1.22M shares of New Germany Fund, signaling continued institutional interest.**

AI Summary

City of London Investment Management Company Limited, a UK-based investment firm, filed an amendment to its Schedule 13G on February 9, 2024, disclosing its beneficial ownership in The New Germany Fund, Inc. As of December 31, 2023, the firm held sole voting and dispositive power over 1,224,799 shares of Common Stock. This filing indicates a significant, but not controlling, institutional stake in the fund, which could be seen as a vote of confidence in its investment strategy.

Why It Matters

This filing shows a major institutional investor's continued stake in The New Germany Fund, Inc., which can influence investor perception and potentially provide stability to the stock.

Risk Assessment

Risk Level: low — This filing indicates a stable institutional holding, which generally reduces volatility and risk for other investors.

Analyst Insight

Investors should note the continued institutional interest from City of London Investment Management Company Limited, which could signal stability for The New Germany Fund, Inc. Monitor future filings for any significant changes in their holdings, as large institutional moves can impact stock performance.

Key Numbers

• 1,224,799 — Shares Beneficially Owned (Represents the number of Common Stock shares of The New Germany Fund, Inc. held by City of London Investment Management Company Limited as of December 31, 2023.)

Key Players & Entities

• City of London Investment Management Company Limited (company) — the reporting person and beneficial owner
• The New Germany Fund, Inc. (company) — the issuer of the securities
• 1,224,799 (dollar_amount) — number of shares beneficially owned
• December 31, 2023 (date) — date of event requiring the filing
• February 9, 2024 (date) — filing date

Forward-Looking Statements

• City of London Investment Management Company Limited will maintain a significant stake in The New Germany Fund, Inc. for the foreseeable future. (City of London Investment Management Company Limited) — medium confidence, target: December 31, 2024

FAQ

Filing Documents

• col13g_18751f.htm (SC 13G/A) — 77KB
• 0001072613-24-000097.txt ( ) — 78KB

(a)

Item 1(a). Name of Issuer: The New Germany Fund, Inc.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: The principal executive offices of the Fund are located at: 875 3 rd Avenue New York, NY 10022

(a)

Item 2(a). Name of Person Filing: This statement is being filed by City of London Investment Management Company Limited (“CLIM” or the “Reporting Person”). CLIM is a fund manager, which specializes in investing in closed-end investment companies and is a registered investment adviser under Section 203 of the Investment Advisers Act of 1940. CLIM is controlled by City of London Investment Group plc (“CLIG”), which is listed on the London Stock Exchange. However, in accordance with SEC Release No. 34-39538 (January 12, 1998), effective informational barriers have been established between CLIM and CLIG such that voting and investment power over the subject securities is exercised by CLIM independently of CLIG, and, accordingly, attribution of beneficial CLIM is principally engaged in the business of providing investment advisory services to various public and private investment funds, including CA International Equity CEF Fund (“CARDINAL”), a private investment fund organized as a Delaware business trust, CA All-World Ex US Equity CEF Fund (“MACAW”), a private investment fund organized as a Delaware business trust, International Equity CEF Fund (“PHOENIX”), a private investment fund organized as a Delaware business trust, and unaffiliated third-party segregated accounts over which CLIM exercises discretionary voting and investment authority (the “Segregated Accounts”). CARDINAL, MACAW and PHOENIX are collectively referred to herein as the “City of London Funds”. The Shares to which this Schedule 13G relates are owned directly by the CUSIP No. 644465106 13G Page 4 of 6 Pages

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: 77 Gracechurch Street London EC3V 0AS England

(c)

Item 2(c). Citizenship: England and Wales

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $.001 per share

(e)

Item 2(e). CUSIP Number: 644465106 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 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) An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G); (h) A savings association 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 (15 U.S.C. 80a-3); (j) Group, in accordance with Rule 13d-1(b)(1)(ii)(J). CUSIP No. 644465106 13G Page 5 of 6 Pages Item 4. (a) Amount beneficially owned: 1,224,799 (b) Percent of Class: 7.2% (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 1,224,799 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 1,224,799 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5. of Five Percent or Less of a Class. Not applicable. Item 6. of More than Five Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security being Reported on by the Parent Holding Company. Not applicable. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not ap

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