The European Equity Fund, Inc. Announces Results of Annual Meetings of Stockholders
June 25 2020 - 5:24PM
Business Wire
The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”)
announced today the results of its Annual Meeting of Stockholders
held on June 25, 2020.
Each of the three Class III Directors nominated by the Board of
Directors, Dr. Kenneth C. Froewiss, Dr. Wolfgang Leoni 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 Class II Director nominated by the Board of Directors, Dr.
Holger Hatje, was elected to serve a term of two years and until
his successor is elected and qualifies; and one Class I Director,
Ms. Hepsen Uzcan, was elected to serve a term of one year and until
her successor is elected and qualifies. Stockholders also ratified
the appointment of Ernst & Young LLP as the independent
auditors for the Fund. Stockholders did not approve the proposal
requesting the Fund to take the steps necessary to declassify the
Board of Directors.
A copy of the portfolio manager’s presentation from the meeting
is posted to the Fund’s website at www.dws.com.
For more information on the Fund, including its most recent
month-end performance, visit dws.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 shares of most closed-end funds, including the Fund, 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
Fund are associated with international investing, particularly of
emerging markets, 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 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, such as the Fund, 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 Fund’s
portfolio.
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.
“War, terrorism, economic uncertainty, trade disputes, public
health crises (including the recent pandemic spread of the novel
coronavirus) and related geopolitical events could lead to
increased market volatility, disruption to US and world economies
and markets and may have significant adverse effects on the fund
and their investments.”
NOT FDIC/ NCUA INSURED • MAY
LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY
ANY FEDERAL GOVERNMENT AGENCY
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-076750-1)
(06/20)
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version on businesswire.com: https://www.businesswire.com/news/home/20200625005904/en/
For additional information:
DWS Press Office (212) 454-4500 Shareholder Account
Information (800) 294-4366 DWS Closed-End Funds (800)
349-4281
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