Saba Capital Management Increases Stake in The New Germany Fund to 17.51%

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). As of April 8, 2026, the reporting persons increased their aggregate ownership to 2,832,311 common shares, representing 17.51% of the class. This is an increase from the previously reported 2,653,095 shares (16.4%). The filing indicates that the additional shares were acquired through open-market purchases between April 2, 2026, and April 8, 2026, at prices ranging from $10.54 to $11.41 per share. Specifically, purchases included 15,908 shares on April 2, 140,564 shares on April 6, and 22,744 shares on April 8. A total of approximately $27,137,397 has been paid to date for the current position. The funds used for these acquisitions were derived from investor subscription proceeds, capital appreciation, and margin account borrowings. The reporting persons maintain shared voting and dispositive power over the reported shares.