GERMANY
EW , December 20, 2022----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 30, 2022 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 30, 2022.
Details for each Fund’s 2022 yearly December distributions are as follows:
Declaration- 12/20/2022
Ex-Date- 12/29/2022
Record- 12/30/2022
Payable- 1/27/2023
Fund
Ticker
Net Investment
Income
per Share
Short-Term
Capital Gains
per Share
Long-Term
Capital Gains
per Share
Total
Distribution
per Share
The Central and Eastern Europe Fund, Inc.
CEE
$0.2387
$0.0000
$0.0000
$0.2387
The New Germany Fund, Inc.
GF
$0.0431
$0.0000
$0.0000
$0.0431
The European Equity Fund, Inc.
EEA
$0.1450
$0.0000
$0.0000
$0.1450
For more information on each Fund, including the most recent month-end performance, visit www.dwsfunds.com or call (800) 349-4281.
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.
The Central and Eastern Europe Fund, Inc. Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Emerging markets tend to be more volatile and less liquid than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. 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. This fund is non-diversified and can take larger positions in fewer issues, increasing its potential risk.
The European Equity Fund, Inc 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, particularly 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 or a particular geographical region will generally be more volatile than a fund that invests more broadly.
The New Germany Fund, Inc. is diversified, but primarily focuses its investments in Germany, thereby increasing its vulnerability to developments in that country. Investing in foreign securities, particularly of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Any fund that concentrates in a particular of the market or a particular geographical region will generally be more volatile than a fund that invests more broadly.
Investing in foreign securities certain risks, such as currency fluctuations, and risks of currency and capital controls, political and economic changes, and market risks. Any fund that concentrates in a segment of the market will generally be more volatile than a fund that invests more broadly.