Trump seeking economic deal with China as fresh trade talks loom- WSJ
Saba Capital Management, L.P., a ten percent owner of NEW GERMANY FUND INC (NYSE:GF), reported purchasing 9,796 shares of common stock on July 18, 2025. The shares were bought at $12.01, totaling approximately $117,649. The purchase comes as GF trades near its 52-week high of $12.47, with the stock showing remarkable strength, up nearly 49% over the past six months according to InvestingPro data.
Following the transaction, Saba Capital Management, L.P. now directly owns 1,948,185 shares of New Germany Fund Inc., representing a significant position in the $195 million market cap fund. InvestingPro analysis reveals additional insights about GF’s performance and valuation metrics, with 5+ more exclusive ProTips available to subscribers.
In other recent news, the New Germany Fund announced the election of two Class I Directors, Ms. Fiona Flannery and Dr. Holger Hatje, during its reconvened Annual Meeting of Stockholders. This meeting, initially convened and adjourned on June 30, was resumed on July 18. The directors will serve three-year terms on the Fund’s Board of Directors. Additionally, stockholders had previously ratified the appointment of Ernst & Young LLP as the independent auditors for the Fund’s 2025 fiscal year. These developments were disclosed in a press release issued by the Fund.
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