Saba Capital Management Amends 13D Filing for New Germany Fund
Ticker: GF · Form: SC 13D/A · Filed: Dec 12, 2024 · CIK: 858706
Sentiment: neutral
Topics: activist-investor, sec-filing, amendment
TL;DR
Saba Capital updated its 13D filing for New Germany Fund. Watch for potential activist moves.
AI Summary
Saba Capital Management, L.P. filed an amendment (No. 3) to its Schedule 13D on December 12, 2024, regarding its holdings in The New Germany Fund, Inc. The filing indicates changes in beneficial ownership of the common shares. Saba Capital Management GP, LLC and Boaz R. Weinstein are listed as group members.
Why It Matters
This amendment signals potential shifts in activist investor Saba Capital's strategy or stake in The New Germany Fund, Inc., which could influence the fund's future operations or shareholder value.
Risk Assessment
Risk Level: medium — Schedule 13D filings often precede activist campaigns, which can introduce volatility and uncertainty for the target company and its shareholders.
Key Players & Entities
- Saba Capital Management, L.P. (company) — Filing entity
- The New Germany Fund, Inc. (company) — Subject company
- Saba Capital Management GP, LLC (company) — Group member
- Boaz R. Weinstein (person) — Group member
- Michael D'Angelo (person) — Authorized contact person
FAQ
What specific changes in beneficial ownership are detailed in this amendment?
The filing is an amendment (No. 3) to Schedule 13D, indicating changes in beneficial ownership, but the specific details of the changes are not provided in the header information.
When was this amendment filed?
This amendment was filed on December 12, 2024.
Who is filing this amendment?
Saba Capital Management, L.P. is filing this amendment.
What is the subject company of this filing?
The subject company is The New Germany Fund, Inc.
Who is listed as a group member in this filing?
Saba Capital Management GP, LLC and Boaz R. Weinstein are listed as group members.
Filing Stats: 1,365 words · 5 min read · ~5 pages · Grade level 11.4 · Accepted 2024-12-12 13:51:46
Key Financial Figures
- $0.001 — Inc. (Name of Issuer) Common Shares, $0.001 par value (Title of Class of Securiti
- $12,429,008 — ported herein. A total of approximately $12,429,008 was paid to acquire the Common Shares r
Filing Documents
- formsc13da.htm (SC 13D/A) — 64KB
- 0001062993-24-020518.txt ( ) — 66KB
SIGNATURES
SIGNATURES After reasonable inquiry and to the best of his or its knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct. Date: December 12, 2024 SABA CAPITAL MANAGEMENT, L.P. By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Chief Compliance Officer SABA CAPITAL MANAGEMENT GP, LLC By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Authorized Signatory BOAZ R. WEINSTEIN By: /s/ Michael D'Angelo Name: Michael D'Angelo Title: Attorney-in-fact* * Pursuant to a power of attorney dated as of November 16, 2015, which is incorporated herein by reference to Exhibit 2 to the Schedule 13G filed by the Reporting Persons on December 28, 2015, accession number: 0001062993-15-006823 CUSIP No. 644465106 SCHEDULE 13D/A Page 7 of 7 Pages Schedule A This Schedule sets forth information with respect to each purchase and sale of Common Shares which were effectuated by Saba Capital from the filing of the Schedule 13D/A on 11/21/24 to 12/10/24, the date of the event which required filing of this Schedule 13D/A. All transactions were effectuated in the open market through a broker. Trade Date Buy/Sell Shares Price 11/20/2024 Buy 20,456 8.04 11/22/2024 Buy 17,416 8.03 11/29/2024 Buy 827 8.12 12/2/2024 Buy 2,558 8.11 12/3/2024 Buy 9,778 8.12 12/4/2024 Buy 30,369 8.26 12/5/2024 Buy 14,222 8.34 12/6/2024 Buy 22,200 8.39 12/9/2024 Buy 6,150 8.44 12/10/2024 Buy 106,206 8.41