The Central & Eastern Europe Fund, Inc., The European Equity Fund, Inc., & The New Germany Fund, Inc. Announce Results of Ann...
June 20 2019 - 5:00PM
Business Wire
The Central and Eastern Europe 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 today the results of their Joint Annual
Meeting of Stockholders held on June 20, 2019.
With respect to CEE, each of the two Class I Directors nominated
by the Board of Directors, Dr. Christopher Pleister and Mr.
Christian M. Zügel, was elected to serve for a term of three years
and until his respective successor is elected and qualifies.
With respect to EEA, each of the two Class II Directors
nominated by the Board of Directors, Ambassador Richard R. Burt and
Dr. Christopher Pleister, was elected to serve for a term of three
years and until his successor is elected and qualifies. One EEA
Class I Director nominated by the Board of Directors, Mr. Christian
M. Zügel, was elected to serve a term of two years and until his
successor is elected and qualifies.
With respect to GF, each of the two Class I Directors nominated
by the Board of Directors, Mr. Walter C. Dostmann and Mr. Christian
H. Strenger, was elected to serve for a term of three years and
until his respective successor is elected and qualifies. One GF
Class II Director nominated by the Board of Directors, Mr.
Christian M. Zügel, was elected to serve a term of one year and
until his successor is elected and qualifies.
Stockholders also ratified the appointment of Ernst & Young
LLP as the independent auditors for each Fund for its respective
2019 fiscal year.
A copy of the portfolio manager’s presentation from the meeting
is posted to the Funds’ website at www.dws.com. For more
information on each Fund, including the most recent month-end
performance, visit www.dwsfunds.com or call (800) 349-4281.
Important Information
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 Central and Eastern Fund, Inc. is non-diversified and can
take larger positions in fewer issues, increasing its potential
risk. Investing in foreign securities 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 or region of the world will generally be more volatile than
a fund that invests more broadly.
The shares of most closed-end funds, including the Funds, are
not continuously offered. 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. 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 of the
Funds are associated with international investing, such as currency
fluctuations, political and economic changes, market risks,
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 the
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).
The European Union, the United States and other countries
have imposed sanctions on Russia in response to Russian military
and other actions in recent years. These sanctions have adversely
affected Russian individuals, issuers and the Russian economy.
Russia, in turn, has imposed sanctions targeting Western
individuals, businesses and products. The various sanctions have
adversely affected, and may continue to adversely affect, not only
the Russian economy, but also the economies of many countries in
Europe, including countries in Central and Eastern Europe. The
continuation of current sanctions or the imposition of additional
sanctions may materially adversely affect the value of the Funds’
portfolios.
Past performance is no guarantee of future results.
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 GUARANTEE NOT A DEPOSIT • NOT INSURED
BY ANY FEDERAL GOVERNMENT AGENCY
DWS Distributors, Inc. 222 South Riverside Plaza Chicago, IL
60606-5808 www.dws.com Tel (800) 621-1148 © 2019 DWS Group GmbH
& Co. KGaA. All rights reserved
The brand DWS represents DWS Group GmbH & Co. KGaA and any
of its subsidiaries such as DWS Distributors, Inc. which offers
investment products or DWS Investment Management Americas, Inc. and
RREEF America L.L.C. which offer advisory services. (R-068484-1)
(06/19)
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version on businesswire.com: https://www.businesswire.com/news/home/20190620005578/en/
DWS Press Office (212) 250-0072 Shareholder Account
Information (800) 294-4366 DWS Closed-End Funds (800)
349-4281
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