Saba Capital Management, L.P. 4

What Happened

• Saba Capital Management, L.P., a reported 10% owner of New Germany Fund Inc. (GF), reported a purchase of 3,158 shares on 2026-03-26. The shares were acquired at $10.21 per share, totaling about $32,243. The Form 4 lists the transaction as a purchase (code P) via "open market or private purchase."

Key Details

• Transaction date and price: 2026-03-26 at $10.21 per share
• Shares acquired: 3,158; total value ≈ $32,243
• Shares owned after transaction: not specified in the provided data
• Footnotes/plan details: none noted in the provided summary
• Filing timeliness: Form filed 2026-03-30 — appears to be within the required two business-day window (no late filing flag)

Context

• This is an institutional (10% owner) purchase, not an individual executive or director trade. Purchases by large shareholders can be informative, but this single small-dollar purchase (~$32k) should be viewed as one data point rather than a definitive signal of future performance.