Saba Capital Management, L.P. 4

What Happened

• Saba Capital Management, L.P., listed as a 10% owner of New Germany Fund, made two open-market purchases: 2,511 shares at $10.64 on Mar 9, 2026 (≈ $26,717) and 8,120 shares at $11.11 on Mar 10, 2026 (≈ $90,213), for a total of 10,631 shares costing about $116,930. These were purchases (transaction code P), which represent an increased stake rather than a sale.

Key Details

• Transaction dates & prices:
  • 2026-03-09: 2,511 shares @ $10.64 = $26,717
  • 2026-03-10: 8,120 shares @ $11.11 = $90,213
  • Total: 10,631 shares for ≈ $116,930
• Filing: Report filed 2026-03-11 covering transactions on 2026-03-09 and 2026-03-10; filing appears timely based on the filing date provided.
• Shares owned after transaction: Not specified in the information provided.
• Footnotes/plan mentions: None provided in the excerpt.
• Transaction code meaning: P = Purchase (open market/private purchase).

Context

• This filing reflects institutional buying by a 10% owner (Saba Capital), not an executive or company insider. Institutional purchases can indicate the manager is increasing its position, but they do not alone reveal the fund’s motives or strategy.