Saba Capital Management Reports Changes in New Germany Fund Holdings

TL;DR

**Saba Capital Management just changed its stake in NEW GERMANY FUND INC, watch for potential price impact.**

AI Summary

Saba Capital Management, L.P. filed a Form 4 on March 23, 2026, indicating changes in their beneficial ownership of securities in NEW GERMANY FUND INC. This filing, with an accession number of 0001510281-26-000126, signals that Saba Capital Management, a significant institutional investor, has altered its stake in the fund. For investors, this matters because large institutional moves can influence stock prices and reflect a change in a major holder's confidence in the fund's future performance.

Why It Matters

This filing reveals that a major institutional investor, Saba Capital Management, has adjusted its position in NEW GERMANY FUND INC, which could signal their updated outlook on the fund's prospects.

Risk Assessment

Risk Level: medium — While a Form 4 indicates a transaction, without specific details on the nature (buy/sell) and size of the transaction, the exact impact and risk are unclear.

Analyst Insight

An investor should investigate the full Form 4 document to determine if Saba Capital Management, L.P. bought or sold shares of NEW GERMANY FUND INC and the quantity involved, as this will dictate the potential bullish or bearish implications.

Key Players & Entities

• Saba Capital Management, L.P. (company) — Reporting owner of the securities
• NEW GERMANY FUND INC (company) — Issuer of the securities
• 0001510281-26-000126 (other) — SEC Accession Number for the filing
• 2026-03-23 (date) — Filing Date and Accepted Date
• 2026-03-20 (date) — Period of Report

FAQ

Filing Documents

• primary_doc.html (4)
• primary_doc.xml (4) — 3KB
• 0001510281-26-000126.txt ( ) — 5KB

From the Filing

SEC FORM 4 SEC Form 4 FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5    Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).    Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. 1. Name and Address of Reporting Person * Saba Capital Management, L.P. (Last) (First) (Middle) 405 LEXINGTON AVENUE 58TH FLOOR (Street) NEW YORK NEW YORK 10174 (City) (State) (Zip) UNITED STATES (Country) 2. Issuer Name and Ticker or Trading Symbol NEW GERMANY FUND INC [ GF ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below) 2a. Foreign Trading Symbol 3. Date of Earliest Transaction (Month/Day/Year) 03/20/2026 6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person 4. If Amendment, Date of Original Filed (Month/Day/Year) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 03/20/2026 P 4,087 A $ 10.19 2,558,825 I - Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Explanation of Responses: Saba Capital Management, L.P. By: Zachary Gindes 03/23/2026 Boaz Weinstein 03/23/2026 ** Signature of Reporting Person Date Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. * Form 4: SEC 1474 (03-26)

View Full Filing

View this 4 filing on SEC EDGAR