The New Germany Fund (GF) 10% Owner L.P. Buys $171K of Stock

Ten-percent owner Saba Capital Management, L.P. acquired 16,577 shares of The New Germany Fund, Inc. ($GF) on October 15, 2026. According to a Form 4 filing with the Securities and Exchange Commission, the shares were purchased at an average price of $10.30, totaling about $170,743. The transaction follows several earlier buys by the firm in recent weeks, marking a continuing pattern of accumulation in the fund.

GF The New Germany Fund, Inc.

$10.33 ▼ -8.83% year to date

1M 3M YTD

Daily close · Oct 16, 2026

Inside Saba Capital Management's The New Germany Fund Trade

Following the October 15 purchase, Saba Capital Management held 3,775,999 shares of The New Germany Fund, representing a 0.44% increase in its ownership stake. The stock closed at $10.25 on the day of the transaction. This trade adds to a series of prior purchases by the ten-percent owner, which included buying 3,100 shares on October 12 at $10.32 per share and 585 shares on October 9 at $10.28 per share, following earlier acquisitions in September.

Other Institutional Activity in The New Germany Fund

Other major institutional investors adjusted their positions in the fund earlier in the year. Lazard Asset Management LLC grew its holdings by 62,611 shares, ending with 2,398,831 shares worth about $24.8 million. Allspring Global Investments Holdings, LLC reduced its holdings by 321,742 shares, ending with 1,697,984 shares worth about $17.5 million. 1607 Capital Partners, LLC cut its stake by 254,968 shares to finish with 811,397 shares valued at roughly $8.4 million. Bulldog Investors, LLP kept its position steady at 532,074 shares worth about $5.5 million.

The New Germany Fund, Inc. Stock Up 0.7%

The fund's shares recently traded around $10.32 as of October 19, 2026, putting the price about 0.7% above the $10.25 close recorded on the day of Saba Capital's latest trade. The stock operates with a beta of 0.997, indicating price movement that closely tracks the broader market.

Recent Earnings

The New Germany Fund recently reported trailing-twelve-month revenue of $3.5 million and a negative earnings per share of $0.47. The fund posted a net margin of -214.4% and a return on equity of -3.6% over the period. With negative earnings, the fund does not carry a meaningful price-to-earnings ratio.

Dividend

The fund pays an annual dividend rate of $0.28 per share, translating to a dividend payout ratio of 4.3%.

About The New Germany Fund, Inc.

The New Germany Fund, Inc. is a closed-end equity mutual fund that invests primarily in small and mid-sized companies in Germany across diversified sectors. Managed by Deutsche Asset Management International GmbH, the fund looks to track the performance of the Midcap Market Performance Index.

Bottom Line

Investors can watch for future SEC filings to see if Saba Capital Management continues its recent buying pattern in the fund. Monitoring upcoming financial reports will also provide further insight into the fund's portfolio performance.