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NEW YORK, December 19, 2023–(BUSINESS WIRE)–The Central and Eastern Europe Fund, Inc. (NYSE: CEE), The New Germany Fund, Inc. (NYSE: GF) and The European Equity Fund, Inc. (NYSE: EEA) (each, a “Fund,” and collectively, the “Funds”) each announced today that its Board of Directors declared the distributions set forth below. CEE’s and EEA’s total distributions will be paid in stock except that any stockholder of record as of December 29, 2023 may elect to receive such distribution in cash. GF’s total distributions will be paid in cash to the stockholders of record as of December 29, 2023.
The details of the December 2023 Fund’s annual distributions are as follows:
Statement – 12/19/2023 Ex Date – 12/28/2023 Case – 12/29/2023 Payable – 01/26/2024
Fund
Teleprinter
Source of net investment income consistent with participation
Current capital consistent with equity
Long-TermCapital Gainsper Share
TotalDistributionper Share
The Central and Eastern European Fund, Inc.
EEC
MX$0. 3651
$0.0000
$0. 0000
$0.3651
Germany’s New Fund, Inc.
Girlfriend
MX$0. 0566
$0. 0000
$0. 0000
MX$0. 0566
The European Equity Fund, Inc.
EEA
MX$0. 1394
$0.0000
$0. 0000
MX$0. 1394
For more information on each Fund, including the most recent month-end performance, visit www.dwsfunds.com or call (800) 349-4281.
The closed budget, unlike the open budget, is not presented on a permanent basis. There is a single public offering, and once issued, the stocks of the closed budget are sold on the open market through a stock exchange. Closed-end fund inventory industry with a reduction in net asset value. The value of the fund’s inventories is decided through a number of factors, many of which are beyond the fund’s control. As a result, the fund cannot wait if its industry inventories are at, below or above net asset value.
The Central and Eastern Europe Fund, Inc. no is diversified and can take larger positions in fewer issuances, expanding its potential risk. Investing in foreign securities, especially in emerging markets, carries safe risks, such as currency fluctuations, economic policies and changes, and market risks. Emerging markets tend to be more volatile and less liquid than markets in more mature economies, and have less diversified and mature economic structures and less robust political systems than those of evolved countries. Any fund that focuses on a specific market segment or region of the world will be more volatile than a fund that invests more broadly. This fund is not diversified and can take larger positions on fewer topics, expanding your potential risk.
The European Equity Fund, Inc. is diversified and focuses primarily on equity securities of issuers domiciled in Europe, increasing its vulnerability to developments in the region. Investing in foreign securities, especially in emerging markets, carries safe risks, such as exchange rate risks. fluctuations, political and economic changes, and market risks. Any fund that focuses on a specific market segment or a specific geographic region will be more volatile than a fund that invests more broadly.
The New Germany Fund, Inc. is diversified and focuses its investments primarily on Germany, increasing its vulnerability to developments in this region. Investing in foreign securities, especially in emerging markets, carries safe risks, such as currency fluctuations, economic policies and changes, and market risks. Any fund that focuses on a specific market segment or a specific geographic region will 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. In the case of The Central and Eastern Europe Fund, Russia’s invasion of Ukraine has materially adversely affected, and may continue to materially adversely affect, the value and liquidity of the Fund’s portfolio.
War, terrorism, sanctions, economic uncertainty, industrial disputes, public health crises and similar geopolitical occasions have caused and, in the future, may cause significant disruptions to the economies and markets of the United States and the rest of the world, which may result in increased market volatility and may simply have adverse effects on the Funds and their investments.
The European Union, the United States and other countries have imposed sanctions on Russia in reaction to the Russian military and other movements in recent years. These sanctions have harmed Russian citizens, issuers, and the Russian economy. Russia, in turn, has imposed sanctions against Western individuals, companies, and products. The sanctions have had negative consequences, and may continue to have negative consequences, not only on the Russian economy, but also on that of many European countries, in addition to the countries of Central and Eastern Europe. The continuation of existing sanctions or the imposition of new sanctions may simply have an adverse effect on the price of the Funds’ portfolios.
This press release shall constitute an offer to sell or a solicitation to buy, nor shall there be any sale of such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under law. of that state or jurisdiction.
Certain statements contained in this release may be forward-looking. These come with all statements relating to plans, expectations, and other statements that are not old facts and use words such as “expect,” “anticipate,” “believe,” “intend,” and similar expressions. These statements constitute management’s existing beliefs, based on the data available at the time the statements are made, regarding the issues discussed. All forward-looking statements are subject to dangers and uncertainties that may also cause actual effects to differ materially from those expressed or implied by such statements. Management assumes no legal responsibility to update or revise any forward-looking statements, whether as a result of new data, long-term occasions or otherwise. The following factors, among others, may also cause actual effects to differ materially from forward-looking statements. (i) the effects of adverse adjustments on economic and market conditions; (ii) legal and regulatory developments; and (iii) additional dangers and uncertainties, in addition to public fitness crises (adding the recent pandemic spread of the novel coronavirus), war, terrorism, industrial disputes, and similar geopolitical occasions.
Past performance is no guarantee of future results.
NOT FDIC/NCUA INSURED • MAY LOSE VALUE • UNSECURED BY BANK NO DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
DWS Distributors, Inc. 222 South Riverside PlazaChicago, IL 60606-5808www. dws. com Tel. (800) 621-1148© 2023 DWS Group GmbH
The DWS logo stands for DWS Group GmbH.
See the businesswire. com edition: https://www. businesswire. com/news/home/20231219347727/en/
Contacts
For information: DWS Press Office (212) 454-4500 Shareholder Account Information (800) 294-4366 DWS Closed-End Funds (800) 349-4281