The Central Europe & Russia Fund, Inc. (NYSE: CEE), The European Equity Fund, Inc. (NYSE: EEA) & The New Germany Fund, Inc. (...
April 27 2012 - 4:45PM
Business Wire
The Boards of Directors of The Central Europe and Russia Fund,
Inc., The European Equity Fund, Inc. and The New Germany Fund, Inc.
(each a “Fund” and, collectively, the “Funds”) announced that the
Annual Meeting of Stockholders for each Fund will be held at 12:00
p.m., Eastern time on June 27, 2012 at 60 Wall Street, New York, NY
10005. At the Meeting stockholders will consider the election of
Directors and certain other matters. Holders of shares of common
stock of record of the Funds at the close of business on May 11,
2012 are entitled to vote at the meeting and any postponements or
adjournments thereof.
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. This fund 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 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.
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.
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 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.
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.
Investments in funds involve risk. 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).
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 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.
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