The Boards of Directors of The Central Europe & Russia Fund, Inc., The European Equity Fund, Inc., & The New Germany Fund, In...
April 29 2011 - 4:10PM
Business Wire
The Boards of Directors of The Central Europe and Russia
Fund, Inc. (NYSE: CEE), The European Equity Fund, Inc. (NYSE:
EEA), and The New Germany Fund, Inc. (NYSE: GF)
(each, a “Fund” and collectively, the “Funds”) announced that the
Annual Meeting of Stockholders for each Fund will be held at 11:00
a.m., Eastern time on June 27, 2011 at the New York Marriott
Eastside, 525 Lexington Avenue, New York, NY 10017. At the Meeting
stockholders will consider the election of Directors and the
ratification of the appointment of auditors for each Fund. Holders
of common stock of record of the Funds at the close of business on
May 13, 2011 are entitled to vote at the meeting and any
postponements or adjournments thereof.
Important Information
The Central Europe and Russia Fund, Inc. is a
non-diversified, closed-end investment company seeking long term
capital appreciation through investment primarily in equity and
equity-linked securities of issuers domiciled in Central Europe and
Russia. This fund is non-diversified and can take larger positions
in fewer issues, increasing its potential risk. Investing in
foreign securities, particularly those of emerging markets,
presents certain risks, such as currency fluctuations, political
and economic changes, and market risks. Any fund that concentrates
in a particular segment of the market will generally be more
volatile than a fund that invests more broadly.
The European Equity Fund, Inc. is a diversified, closed-end
investment company seeking long-term capital appreciation through
investment primarily (normally at least 80% of its assets) in
equity and equity-linked securities of companies domiciled in
European countries utilizing the Euro currency. Investing in
foreign securities, particularly those of emerging markets,
presents certain risks, such as currency fluctuations, political
and economic changes, and market risks. Any fund that concentrates
in a particular segment of the market will generally be more
volatile than a fund that invests more broadly
The New Germany Fund, Inc. is a diversified, closed-end
investment company seeking capital appreciation primarily through
investment in the Mittelstand – an important group of
small and mid-cap German companies. The Fund may invest up
to 35% of its assets in large cap German companies, and up to 20%
in other Western European companies. Investing in foreign
securities, particularly those of emerging markets, presents
certain risks, such as currency fluctuations, political and
economic changes, and market risks. Any fund that concentrates in a
particular segment of the market will generally be more volatile
than a fund that invests more broadly.
Closed-end funds, unlike open-end funds, are not continuously
offered. There is a one-time public offering and once issued,
shares of closed-end funds are sold in the open market through a
stock exchange. Shares of closed-end funds frequently trade at a
discount to the net asset value. The price of a fund’s shares is
determined by a number of factors, several of which are beyond the
control of the fund. Therefore, a fund cannot predict whether its
shares will trade at, below or above net asset value.
Investments in funds involve risk. Additional risks are
associated with international investing, such as government
regulations and differences in liquidity which may increase the
volatility of your investment. Foreign security markets generally
exhibit greater price volatility and are less liquid than the US
market. Additionally, this fund focuses its investments in certain
geographical regions, thereby increasing its vulnerability to
developments in that region and potentially subjecting the fund’s
shares to greater price volatility. Some funds have more risk than
others. These include funds that allow exposure to or otherwise
concentrate investments in certain sectors, geographic regions,
security types, market capitalization or foreign securities (e.g.,
political or economic instability, which can be accentuated in
emerging market countries).
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer or
solicitation or sale would be unlawful prior to registration or
qualification under the laws of such state or jurisdiction.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO
BANK GUARANTEENOT A DEPOSIT • NOT INSURED BY ANY FEDERAL
GOVERNMENT AGENCY
DWS Investments is part of Deutsche Bank’s Asset Management
division and, within the US, represents the retail asset management
activities of Deutsche Bank AG, Deutsche Bank Trust Company
Americas, Deutsche Investment Management Americas Inc. and DWS
Trust Company.
(R-11335-3 4/11)
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