Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
In a recent transaction, Saba Capital Management, L.P., a significant stakeholder in New Germany Fund Inc (NYSE:GF), acquired 1,072 shares of the company’s common stock. The shares were purchased at a price of $10.66 each, totaling approximately $11,427. The purchase comes as GF trades near its 52-week high of $10.78, having delivered an impressive 27% return over the past six months. InvestingPro data shows the fund has maintained dividend payments for 18 consecutive years, though it currently operates at a loss. This acquisition increases Saba Capital Management’s total holdings to 1,745,200 shares in the $177 million market cap fund. The transaction was reported on May 2, 2025, and subsequently signed by Zachary Gindes on behalf of Saba Capital Management and Boaz Weinstein on May 5, 2025. For more detailed insights and additional ProTips about GF’s performance, visit InvestingPro.
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