NEW GERMANY FUND (GF) Director Fiona Flannery Acquires 9.48 Shares

What Happened
Fiona Flannery, a director of NEW GERMANY FUND INC (ticker: GF), acquired 9.48 shares on Jan 30, 2026 at $11.94 per share for a total value of about $113. The Form 4 reports the transaction as an "other acquisition or disposition (J)" and notes the shares were obtained through dividend reinvestment — a company-sponsored plan that uses dividend payouts to buy additional shares.

Key Details

• Transaction date: 2026-01-30; reported on Form 4 filed 2026-02-02
• Transaction type/code: Other acquisition (Code J) — dividend reinvestment
• Shares acquired: 9.48 at $11.94 each; total value ≈ $113
• Shares owned after transaction: Not specified on the reported Form 4
• Notable footnote: Filing states shares were acquired through dividend reinvestment (regular DRIP); no 10b5-1 or option exercise involved, and no tax-withholding reported

Context
Dividend reinvestments are routine and typically reflect automatic reinvestment of dividend proceeds rather than an active market purchase; they are not strong indicators of a director changing their view of the company. The dollar amount here is small ($113), so this is a modest, routine increase in insider holdings.