Saba Capital Increases Stake in The New Germany Fund to 20.79%

Saba Capital Management, L.P., along with Saba Capital Management GP, LLC and Boaz R. Weinstein, filed an amendment to their Schedule 13D regarding their holdings in The New Germany Fund, Inc. (GF). As of May 27, 2026, the reporting persons increased their beneficial ownership to 3,375,282 common shares, representing 20.79% of the class. This is an increase from their previously reported position of 3,032,215 shares (18.74%). The filing indicates that the additional shares were acquired through a series of open-market purchases between April 14, 2026, and May 27, 2026. The most significant transaction occurred on the event date, May 27, 2026, with the purchase of 241,593 shares at a price of $11.93 per share. Total consideration paid for the reported shares is approximately $33,472,041, derived from investment proceeds and margin account borrowings. The reporting persons share voting and dispositive power over the reported securities.