Saba Capital Management, L.P. 4

What Happened

• Saba Capital Management, L.P., reported as a 10% owner of New Germany Fund (ticker: GF), made two purchases of GF shares. On 2026-07-02 it acquired 37,087 shares at $11.60 each ($430,209) and on 2026-07-06 it acquired 6,600 shares at $11.60 each ($76,560). Total disclosed purchases = 43,687 shares for $506,769.
• These were purchase transactions (code P), i.e., buys — generally a more bullish signal than sales, though institutional motives vary.

Key Details

• Transaction dates and prices:
  • 2026-07-02: 37,087 shares @ $11.60 = $430,209
  • 2026-07-06: 6,600 shares @ $11.60 = $76,560
• Total value: $506,769 for 43,687 shares.
• Transaction type: P = Purchase (open-market or private purchase as reported).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Filing timeliness/footnotes: No late-filing flag or special footnotes (e.g., 10b5-1, tax withholding) were provided in the data you supplied.

Context

• Saba Capital is a 10% institutional owner, so this is institutional trading rather than an executive or director transaction. Institutional buys can signal confidence but don’t guarantee future performance.
• The filing shows straightforward purchases rather than option exercises, gifts, or sales; no cashless exercise or immediate disposition was reported.