Saba Capital Management, L.P., a 10% owner of NEW GERMANY FUND INC (GF), acquired 179,497 shares on April 13, 2026, for approximately $2.01 million. The shares were purchased at a price of $11.20 each.
This significant purchase by a major stakeholder follows a series of other recent buy transactions by Saba Capital Management, L.P. in GF, totaling over $4 million in the past two weeks. Such substantial insider buying activity is often interpreted as a strong indicator of confidence in the company's future performance.