Saba Capital Management Increases Stake in The New Germany Fund, Inc. to 16.4%

On April 3, 2026, Saba Capital Management, L.P., alongside 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). The filing indicates that the reporting persons increased their position to 2,653,095 common shares, representing 16.4% of the class, up from a previous 15.3%. This increase was driven by a series of open-market purchases conducted between February 18, 2026, and April 1, 2026. A total of approximately $25.2 million has been paid to date for the accumulated shares, with funds sourced from investor subscription proceeds and margin account borrowings. The transactions included significant buys such as 57,955 shares on April 1, 2026, at a price of $10.49. The reporting persons share voting and dispositive power over the reported shares. This filing marks Amendment No. 9 to their original disclosure, reflecting continued accumulation of the issuer's common stock.