The New Germany Fund (GF) 10% Owner L.P. Buys $156K of Stock

Ten-percent owner Saba Capital Management, L.P. bought 15,046 shares of The New Germany Fund, Inc. (NYSE: GF) on October 19, 2026. According to a Form 4 filed with the Securities and Exchange Commission, the shares were acquired at a price of $10.34 each for a total value of $155,575.64.

GF The New Germany Fund, Inc.

$10.32 ▼ -8.91% year to date

1M 3M YTD

Daily close · Oct 19, 2026

Inside Saba Capital Management's The New Germany Fund Trade

The purchase lifted the ten-percent owner's total holding to 3,806,087 shares. This transaction marked a 0.4% increase in the firm's stake in the asset management fund. The trade followed several other recent buys by the same owner earlier in October.

Other Institutional Activity in The New Germany Fund

Other large funds have also adjusted their positions in the company during past reporting periods. Saba Capital Management, L.P. grew its holdings by 1,007,688 shares, ending with 3,602,815 shares worth about $37,253,107.0. Lazard Asset Management LLC grew its holdings by 62,611 shares, ending with 2,398,831 shares worth about $24,803,912.0. Allspring Global Investments Holdings, LLC reduced its stake by 321,742 shares, ending with 1,697,984 shares valued at roughly $17,557,154.0. 1607 Capital Partners, LLC cut its position by 254,968 shares to finish with 811,397 shares worth about $8,389,845.0. Bulldog Investors, LLP kept its stake unchanged at 532,074 shares valued around $5,501,645.0.

The New Germany Fund, Inc. Stock Holds Steady

The stock recently traded around $10.32 as of October 20, 2026, which is about equal to its close of $10.32 on the day of the trade. Shares sit below the 50-day moving average of $11.04 and the 200-day moving average of $11.44. The share price rests near the bottom half of its 52-week range, which spans from a low of $9.98 to a high of $12.49.

Recent Earnings

The fund reported trailing twelve-month revenue of $3,531,265.0 with a basic and diluted earnings per share of -$0.47. It posted a net profit margin of -214.4% and a return on equity of -3.6%.

Dividend

The fund pays an annual dividend rate of $0.28 per share with a dividend yield of 2.75% and a payout ratio of 4.3%.

Insider Buying and Selling at The New Germany Fund, Inc.

Beneficial owner Saba Capital Management executed multiple purchases prior to the October 19 trade. On October 6, 2026, the firm bought 5,497 shares at $10.47 per share for a total of $57,554.0. On October 12, 2026, it acquired 3,835 shares valued at $38,006.0. On October 15, 2026, the owner picked up 16,577 shares at $10.30 per share for a total value of $170,743.10. An identical entry for 16,577 shares at $10.30 per share was recorded on the same date.

About The New Germany Fund

The New Germany Fund, Inc. is a closed-end equity mutual fund that invests primarily in public equity markets in Germany, focusing on small- and mid-cap companies across diversified sectors. The fund is managed by Deutsche Asset Management International GmbH.

Bottom Line

Investors tracking The New Germany Fund will likely watch for future Form 4 filings from Saba Capital Management to see if the ten-percent owner continues adding to its position. The ongoing pace of insider accumulation remains a key point of interest for market observers monitoring the closed-end fund.