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New York—Saba Capital Management, L.P., a significant stakeholder in New Germany Fund Inc. (NYSE:GF), has recently increased its holdings in the company. According to a recent SEC filing, Saba Capital acquired 4,925 shares of common stock on March 6, 2025, at a price of $9.95 per share. This transaction amounts to a total value of $49,003. Following this acquisition, Saba Capital’s total ownership in New Germany Fund stands at 1,706,659 shares. The fund, currently valued at $164.72 million, is trading near its 52-week high of $10.15 and has delivered an impressive 30% return year-to-date, according to InvestingPro data.
The transaction was executed by Saba Capital Management, L.P., with Boaz Weinstein also listed as a reporting owner. Both entities are recognized as ten percent owners in the fund. The recent purchase reflects continued interest and investment in New Germany Fund by Saba Capital, a firm known for its strategic investments in various sectors. InvestingPro analysis reveals the fund has maintained dividend payments for 18 consecutive years, though current financial metrics indicate short-term liquidity challenges with a current ratio of 0.09.
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