Saba Capital Management Increases Stake in The New Germany Fund to 18.74%

On April 14, 2026, Saba Capital Management, L.P., along with Saba Capital Management GP, LLC and Boaz R. Weinstein, filed an amendment to their Schedule 13D regarding The New Germany Fund, Inc. (GF). The filing indicates that the reporting persons have increased their position in the company, now beneficially owning 3,032,215 shares, which represents approximately 18.74% of the outstanding common stock. This is an increase from their previous reported holding of 2,832,311 shares (17.51%). The transactions leading to this update occurred between April 9, 2026, and April 10, 2026, during which Saba Capital purchased a total of 199,904 shares in the open market at prices ranging from $11.20 to $11.23 per share. The total aggregate purchase price for the shares held by the reporting persons is approximately $29,377,325. The funds used for these acquisitions were derived from investor subscription proceeds and margin account borrowings. The reporting persons share voting and dispositive power over the reported shares.