The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. make annual distribution announcements | Popgen Tech

NEW YORK, December 20, 2022–(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 has declared the distributions set forth below. CEE and EEA’s total distributions will be paid in stock, except that any shareholder of record on December 30, 2022 may elect to receive such distribution in cash. GF’s total distributions will be paid in cash to the shareholders of record from 30 December 2022.

Details for each Fund’s 2022 annual December distributions are as follows:

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 offered continuously. 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 often 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 involves 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 on a specific 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 expenses, increasing its potential risk.

The European Equity Fund, Inc is diversified and mainly focuses its investments in equity securities of issuers domiciled in Europe, thereby increasing its vulnerability to developments in that region. Investing in foreign securities, especially from emerging markets, involves certain risks, such as currency fluctuations, political and economic changes and market risks. Any fund that concentrates in a specific segment of the market or a particular geographic region will generally be more volatile than a fund that invests more broadly.

The New Germany Fund, Inc. is diversified, but mainly focuses on its investments in Germany, thereby increasing its vulnerability to developments in that country. Investing in foreign securities, especially from emerging markets, involves certain risks, such as currency fluctuations, political and economic changes and market risks. Any fund that concentrates in a specific segment of the market or a particular geographic region will generally be more volatile than a fund that invests more broadly.

Investing in foreign securities involves certain risks, such as currency fluctuations, and risks from exchange and capital controls, political and economic changes and market risks. Any fund that concentrates in a specific segment of the market will generally be more volatile than a fund that invests more broadly.

War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led to, and may in the future lead to, significant disruptions in the US and world economies and markets, which could lead to increased market volatility and significant adverse effects on the have funds and their investments. In the case of Central and Eastern Europe Fund, Inc., 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. This press release will not constitute an offer to sell or a solicitation to buy, nor will 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.

This press release will not constitute an offer to sell or a solicitation to buy, nor will 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. This includes all statements relating to plans, expectations and other statements that are not historical facts and that typically use words such as “anticipate”, “anticipate”, “believe”, “intend” and similar expressions. Such statements represent management’s current beliefs, based on information available at the time the statements are made, with respect to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those contained in, or implied by, such statements. Management undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Among other things, the following factors 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 (including the recent pandemic spread of the novel coronavirus), 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.ie.com
Call (800) 621-1148
© 2022 DWS Group GmbH & Co. KGaA. All rights reserved

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The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which investment products or DWS Investment Management Americas, Inc. and RREEF America LLC provides advisory services. (R-093806-2) (12/22)

View source version on businesswire.com: https://www.businesswire.com/news/home/20221220005631/en/

Contacts

For additional information:
DWS Press Office (212) 454-4500
Shareholder Account Information (800) 294-4366
DWS Closed-End Funds (800) 349-4281