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NEW YORK—Saba Capital Management, L.P., a major shareholder in the New Germany Fund Inc. (NYSE:GF), has recently increased its stake in the company. According to a recent SEC filing, Saba Capital acquired 4,806 shares of common stock on May 28, 2025, at a price of $11.34 per share. This transaction amounts to a total purchase value of approximately $54,500. The fund, currently trading at $11.52, has shown remarkable momentum with a 46% gain year-to-date and is trading near its 52-week high of $11.49. InvestingPro analysis reveals additional technical indicators that could signal important trading opportunities.
Following this acquisition, Saba Capital Management now holds a total of 1,938,389 shares in the fund, representing a significant portion of the fund’s $186.39 million market capitalization. The transaction was signed off by Zachary Gindes on behalf of Saba Capital Management and by Boaz Weinstein, both on May 29, 2025. The fund has maintained dividend payments for 19 consecutive years, currently yielding 0.33%.
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