GF NEW GERMANY FUND INC Insider Trading

Saba Capital (10% owner) acquired 43,687 shares at $11.60 in 2 purchases totaling $506,769.20

Saba Capital Management, LP executed 2 separate open-market purchases on 2026-07-02 and 2026-07-06, acquiring 43,687 shares for $506,769.20 at a blended average price of $11.60. The current price of $11.88 sits at -7.3% from the 52-week high of $12.82, placing the recent purchases within the 52-week range of $9.98–$12.82. Notably, this filing comes on the heels of 5 prior trades at GF spanning 2026-06-11 through 2026-06-17—all purchases, with outcomes not yet measurable. The insider's broader cross-ticker track record shows 12 prior buys and 8 prior sells; however, no prior buys at this ticker have yet reached the 90-day measurement threshold needed to assess timing pattern.

Saba Capital buys 10,176 shares of New Germany Fund at $11.81; 4th consecutive GF purchase in 6 days

Saba Capital Management purchased 10,176 shares at $11.81 on 2026-06-17, bringing holdings to 3,602,711 shares—a +0.3% increment. This is the fourth consecutive open-market purchase at GF within six calendar days (2026-06-11 through 2026-06-17), indicating repeated accumulation in a compressed timeframe. The current price of $11.77 sits near the transaction price and represents -8.2% from the 52-week high of $12.82, though the stock has recovered +14.8% over the past 90 days. Saba's cross-ticker track record shows 12 prior buys and 8 prior sells across all positions; however, same-ticker outcomes at GF cannot yet be measured (all four prior trades occurred within the past week), so direct performance assessment of this buying pattern is not yet available.

Saba Capital (10% owner) purchases 82,595 shares across 2 transactions for $964,141.18 at GF, expanding position 2.4% to 3.59M shares.

Saba Capital Management, LP purchased 82,595 shares in 2 separate transactions on June 15-16, 2026 at a blended average price of $11.67, increasing holdings from 3.51M shares to 3.59M shares (+2.4%). This represents sustained buying activity at the same ticker within a 14-day window: two prior purchases on June 2 and June 4 preceded these June 15-16 acquisitions, establishing a pattern of consistent accumulation. As a 10% owner, Saba's purchases carry weight proportional to its shareholding scale; however, cross-ticker trade history shows 14 prior buys and 6 prior sells, indicating a generally opportunistic rather than heavily conviction-weighted posture. Outcomes on the June 2 and June 4 purchases remain unmeasurable (less than 30 days elapsed at filing date), so no pattern of timing accuracy can yet be assessed at this ticker.

Saba Capital Management, LP (10% owner of GF) bought 11,941 shares across two transactions on 2026-06-11 and 2026-06-12 for $137,852.97, raising holdings to 3,509,940 shares.

Saba Capital Management, LP, a significant 10% shareholder in New Germany Fund Inc, executed 2 purchases totaling 11,941 shares for $137,852.97 at an average price of $11.54 per share. The current price of $11.65 stands 9.1% below the 52-week high of $12.82, though the stock has gained 7.4% over the past 90 days. This incremental purchase increased the fund's holdings by only 0.3% relative to pre-transaction holdings of 3,497,999 shares, suggesting a modest position adjustment rather than a material directional commitment. Prior same-ticker trades executed on 2026-06-04 and 2026-06-02 remain too recent to measure performance outcomes, and across Saba's broader cross-ticker open-market history, prior buy timing has not demonstrated a pattern of favorable 90-day outcomes.

Saba Capital (10% Owner) adds 61,137 GF shares at $12.00, totaling $733,644.00, lifting stake to 3,497,999 shares (+1.8%)

Saba Capital Management, LP, a 10% owner of New Germany Fund Inc (GF), purchased 61,137 shares at $12.00 on 2026-06-04 for a total value of $733,644.00, bringing its post-transaction holdings to 3,497,999 shares. This is part of a pattern of repeated buying at GF: Saba has made 5 prior trades at this ticker, all of which were buys, including purchases on 2026-06-01, 2026-05-29, 2026-05-28, and 2026-05-27. The transaction price of $12.00 sits -6.8% from the 52-week high of $12.82, while the current price is $11.95. Across Saba's cross-ticker open-market history, the 14 prior buys show an avg 90d return of +0.7% with a 90d win rate of 50.00%, and the same-ticker timing pattern shows 2 of 4 prior buys were well-timed at the 90-day mark — a mixed but consistent record of accumulation activity at this fund.

Saba Capital Management purchases 55,138 shares of GF at $12.00–$12.05 for $661,661.00; holdings now 3,436,762 shares.

Saba Capital Management, a 10% owner, filed two separate open-market purchases totaling 55,138 shares for $661,661.00 on consecutive trading days (June 1–2, 2026) at prices between $12.00 and $12.05, increasing holdings by 1.6% to 3,436,762 shares. The current stock price of $12.04 is near the transaction range and down 6.1% from the 52-week high of $12.82, while the 30-day and 90-day momentum show gains of +5.2% and +5.6% respectively. Saba's cross-ticker track record shows 15 prior buys with a 100% 90-day win rate and +2.0% average 90-day returns; at GF specifically, all 5 prior buys were also well-timed with positive 90-day returns ranging from +0.2% to +2.3%. The consecutive purchase pattern and sustained accumulation in a stock where the insider has established timing success merit investor attention.

Saba Capital (10% owner) buys 6,342 shares of GF at $12.18 avg; prior 5 consecutive trades at this ticker all well-timed at 90d.

Saba Capital Management filed two consecutive open-market purchases totaling 6,342 shares for $77,257.23 on May 28–29, 2026, at a blended average price of $12.18—slightly above the current price of $12.07 but well below the 52-week high of $12.82. The acquisition increased holdings to 3,381,624 shares, a +0.2% increment. Notably, this marks the sixth consecutive purchase at GF within days: the five prior trades on May 14, 18, 19, 20, and 21 all posted positive 90-day returns (ranging 0.2% to 2.3%), with all 5 executing as well-timed entries. The stock is currently up 4.0% over 30 days and 5.0% over 90 days, consistent with this insider's pattern of buying into periods of strength. Across Saba's broader cross-ticker track record, 15 prior buys averaged a 100% 90-day win rate at +2.0% returns, lending credibility to the timing patterns observable in the GF series.

Saba Capital (10% owner) purchased 244,493 shares in 2 transactions for $2,916,482.49, expanding stake by 7.8% at blended price $11.93.

Saba Capital Management executed two separate purchases totaling 244,493 shares for $2,916,482.49, raising holdings from 3,130,789 to 3,375,282 shares. The 7.8% increase in the 10% owner's position occurred at a blended average price of $11.93, modestly below the current price of $12.14. Notably, this purchase extends a pattern of five consecutive buy transactions by this insider at GF over the prior week (May 14–21), with all five prior buys posting positive 90-day returns, indicating consistent timing of entry points. The 30-day price movement of +7.8% aligns closely with the 7.8% position increase, suggesting the market has already validated the entry prices.

Saba Capital Management buys 3,900 shares of GF at $11.83; stock down 8.4% from 52-week high of $12.82

Saba Capital Management, a 10% owner, purchased 3,900 shares for $46,137.00 on 2026-05-21, increasing holdings from 3,126,889 to 3,130,789 shares. The current price of $11.74 is 8.4% below the 52-week high of $12.82 and within the 52-week range of $9.98–$12.82. This represents the insider's fifth consecutive buy at this ticker over a week-long window (2026-05-07 through 2026-05-21). Of the five same-ticker prior buys, 2 of 5 were well-timed at the 90-day mark, though the three most recent purchases (2026-05-12, 2026-05-13, 2026-05-14) posted modest 90-day returns of +0.1%, +0.2%, and -1.4% respectively. Cross-ticker, the insider's 12 prior buys averaged -0.8% 90-day returns with a 40.00% win rate, suggesting inconsistent execution in the broader portfolio.

Saba Capital Management buys 2,099 shares of GF (New Germany Fund) for $24,577.31 across 2 transactions at blended average $11.71

Saba Capital Management, as a 10% owner, executed 2 separate purchases totaling 2,099 shares for $24,577.31 on 2026-05-19 and 2026-05-20 at prices of $11.69 and $11.77, bringing holdings to 3,126,889 shares. The current price of $11.86 sits -7.5% from the 52-week high of $12.82, within the 52-week range of $9.98–$12.82. Across Saba's cross-ticker open-market history, the insider's 12 prior buys posted an average 90-day return of -0.8% with a 40.00% win rate, while at this same ticker (GF), prior trades show 2 of 5 prior buys were well-timed at the 90-day mark. The purchases represent a modest 0.1% increase to existing holdings, consistent with the pattern of ongoing accumulation observed in 5 prior trades at this ticker within the preceding days.