Certain DWS Closed-End Funds Declare Yearly Distributions
December 21 2012 - 4:15PM
Business Wire
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 announced today that its Board of Directors
declared a total distribution of $1.0875 comprised of $0.3529
long-term capital gain and $0.7346 ordinary income, a total
distribution of $0.1520 of ordinary income, and a total
distribution of $0.6334 of ordinary income, respectively. The total
distributions will be paid in stock except that any stockholder of
record as of December 31, 2012 may elect to receive such
distribution in cash.
Details are as follows:
December Yearly Dividends
Declaration-
12/21/2012
Ex-Date-
12/27/2012
Record-
12/31/2012
Payable- 1/28/2013
Fund
Ticker
Ordinary
Short Term
Long Term
The Central Europe and Russia Fund,
Inc.
CEE
0.7346
0.0000
0.3529
The European Equity Fund, Inc.
EEA
0.1520 0.0000 0.0000 The New Germany Fund, Inc.
GF
0.6334 0.0000 0.0000
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 or
equity-linked securities of issuers domiciled in Central Europe and
Russia. The 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 focuses 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 or 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 equity or equity-linked securities 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 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 bought and sold in the open market
through a stock exchange. Shares of closed-end funds frequently
trade at a discount to net asset value (NAV). 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 NAV. Past
performance is no guarantee of future results.
Investments in funds involve risk. Additional risks of the
Funds 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, the Funds focus their
investments in certain geographical regions, thereby increasing
their vulnerability to developments in that region and potentially
subjecting the Funds’ shares to greater price volatility. Some
funds have more risk than others. These include funds, such as CEE,
EEA, and GF, 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 & Wealth
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-15300-2 (12/12)
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