The European Equity Fund, Inc. Announces Results of Annual Meetings of Stockholders
June 27 2024 - 4:35PM
Business Wire
The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”)
announced today the results of its Annual Meeting of Stockholders
held on June 27, 2024.
Both of the Class I Directors nominated by the Board of
Directors, Ms. Hepsen Uzcan and Mr. Christian M. Zügel, were
elected to serve a term of three years and until his or her
successor is elected and qualifies. Stockholders also ratified the
appointment of Ernst & Young LLP as the independent auditors
for the Fund for its 2024 fiscal year. Stockholders also approved
the stockholder 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.
Important Information
The Fund is diversified and primarily focuses its investments
in equity securities of issuers domiciled in Europe, thereby
increasing its vulnerability to developments in that region.
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 or a particular geographical region 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 net asset value. The price of the fund’s shares is
determined by a number of factors, several of which are beyond the
control of the fund. Therefore, the fund cannot predict whether its
shares will trade at, below or above net asset value.
War, terrorism, sanctions, economic uncertainty, trade
disputes, public health crises and related geopolitical events have
led, and, in the future, may lead to significant disruptions in US
and world economies and markets, which may lead to increased market
volatility and may have significant adverse effects on the funds
and their investments.
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
portfolios.
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.
Certain statements contained in this release may be
forward-looking in nature. These include all statements relating to
plans, expectations, and other statements that are not historical
facts and typically use words like “expect,” “anticipate,”
“believe,” “intend,” and similar expressions. Such statements
represent management’s current beliefs, based upon information
available at the time the statements are made, with regard to the
matters addressed. All forward-looking statements are subject to
risks and uncertainties that could cause actual results to differ
materially from those expressed in, or implied by, such statements.
Management does not undertake any obligation to update or revise
any forward-looking statements, whether as a result of new
information, future events, or otherwise. The following factors,
among others, could cause actual results to differ materially from
forward-looking statements: (i) the effects of adverse changes in
market and economic conditions; (ii) legal and regulatory
developments; and (iii) other additional risks and uncertainties,
including public health crises, war, terrorism, trade disputes and
related geopolitical events.
Past performance is no guarantee of future results.
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 © 2024 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-101701-1)
(06/24)
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version on businesswire.com: https://www.businesswire.com/news/home/20240627324129/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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