On December 10, 2024, Saba Capital Management, L.P. acquired an additional 230,182 shares of NEW GERMANY FUND INC at $8.35 per share, increasing its holdings to 1,475,998 shares. This move represents 0.26% of Saba’s portfolio and reflects confidence in the fund’s potential for recovery, despite current market challenges. NEW GERMANY FUND INC aims for long-term capital appreciation through investments in middle-market German equities but faces financial difficulties, with a year-to-date decline of 3.62% and a low profitability rank. Saba’s strategic investment may attract value investors looking for opportunities in the German equity market.