Leoni Wolfgang Helmut 4

What Happened

• Leoni Wolfgang Helmut, a director of New Germany Fund Inc. (GF), acquired 13.43 shares through a dividend reinvestment on January 30, 2026. The reported price was $11.94 per share for a total value of approximately $160. This is an acquisition (shares were added), but it was via dividend reinvestment, a routine corporate process rather than an open-market purchase.

Key Details

• Transaction date: 2026-01-30
• Transaction type/code: Other acquisition or disposition (Code J) — dividend reinvestment
• Shares acquired: 13.43 at $11.94 per share
• Total value: ~$160
• Filing date: 2026-02-02; filing appears timely (within SEC Form 4 deadlines)
• Shares owned after transaction: Not specified in the filing
• Remarks from filing: "Shares acquired through dividend reinvestment."

Context

• Dividend reinvestments (DRIPs) automatically use dividends to buy additional shares and are generally considered routine. While purchases can be a positive signal, DRIPs typically reflect dividend policy and shareholder participation rather than an active bullish trade by the insider.