The Central & Eastern Europe Fund, Inc. & The New Germany Fund, Inc. Announce Results of Each Fund’s Annual Meeting of Stoc...
24 Junho 2021 - 7:28PM
Business Wire
The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The
New Germany Fund, Inc. (NYSE: GF) (each, a “Fund,” and,
collectively, the “Funds”) announced today the results of their
Joint Annual Meetings of Stockholders held on June 24, 2021.
With respect to CEE, each of the three Class III Directors
nominated by the Board of Directors, Mr. Christian H. Strenger, Dr.
Wolfgang Leoni and Dr. Holger Hatje, was elected to serve for a
term of three years and until his respective successor is elected
and qualifies.
With respect to GF, each of the three Class III Directors
nominated by the Board of Directors, Ambassador Richard R. Burt,
Dr. Wolfgang Leoni and Ms. Hepsen Uzcan was elected to serve for a
term of three years and until his or her respective successor is
elected and qualifies.
Stockholders also ratified the appointment of Ernst & Young
LLP as the independent auditors for GF and CEE for each Fund’s
respective 2021 fiscal year.
For more information on the Funds, including their most recent
month-end performance, visit dws.com or call (800) 349-4281.
Important Information
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 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, 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.
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 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.
This fund is non-diversified and can take larger positions in
fewer issues, increasing its potential risk.
The Central and Eastern Europe Fund, Inc. is non-diversified
and can take larger positions in fewer issues, increasing its
potential risk, and also concentrates its investments in the energy
sector.
Investments in funds involve risk. Additional risks of the
Funds are associated with international investing, such as currency
fluctuations, political and economic changes, market risks,
government regulations and differences in liquidity, which may
increase the volatility of your investment. Foreign security
markets generally exhibit greater price volatility and are less
liquid than the US market. Additionally, the Funds focus their
investments in certain geographical regions, thereby increasing
their vulnerability to developments in that region and potentially
subjecting the Funds’ shares to greater price volatility. Some
funds have more risk than others. These include funds, such as the
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).
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 Funds’
portfolios.
Past performance is no guarantee of future results.
War, terrorism, economic uncertainty, trade disputes, public
health crises (including the recent pandemic spread of the novel
coronavirus) and related geopolitical events could lead to
increased market volatility, disruption to US and world economies
and markets and may have significant adverse effects on the fund
and their investments.
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 GUARANTEE NOT A DEPOSIT * NOT
INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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-084045-1)
(06/21)
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version on businesswire.com: https://www.businesswire.com/news/home/20210624006026/en/
DWS Press Office (212) 454-4500 Shareholder Account
Information (800) 294-4366 DWS Closed-End Funds (800)
349-4281
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