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Saba Capital (GF) boosts NEW GERMANY FUND stake with open-market share purchase
Saba Capital Management, L.P., a major shareholder of NEW GERMANY FUND INC (GF), has increased its stake through an open-market purchase. The firm acquired 15,597 common shares at $10.84 each, bringing its indirect ownership to 2,554,738 shares. This transaction, detailed in a recent SEC Form 4 filing, signifies a continued investment in the fund by the greater-than-ten-percent owner.