The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Appointment of New Chairman of the Board

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  • The New Germany Fund, Inc. Announces Portfolio Manager Change

    The New Germany Fund, Inc. (NYSE:GF) (the "Fund") announced today that Hansjoerg Pack will replace Leon Cappel as the Fund's portfolio manager effective March 1, 2025. The Fund noted that Mr. Cappel had decided to resign as the Fund's portfolio manager for personal reasons, and that the Fund's Deputy Portfolio Manager would continue to be Juan Barriobero de la Pisa. Mr. Pack joined DWS in 1997 and has extensive portfolio management experience, including management of funds with significant allocations to German small and mid-cap equity securities, including DWS Aktien Strategie Deutschland (with current net assets of over EUR 2 billion) from 2016 to the present. Mr. Pack received a BA in

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  • The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Make Yearly Distribution Announcements

    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, 2024 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, 2024. Details for each Fund's 2024 yearly December distributions are as follows: Declaration- 12/18/2024  Ex-Date- 12/30/2024 Record- 12/30/

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  • The Central and Eastern Europe Fund, Inc. Provides Update on Developments Regarding Russian Holdings

    The Central and Eastern Europe Fund, Inc. (NYSE:CEE) (the "Fund"). As previously reported, certain of the Fund's Russian holdings have been valued at zero since March 14, 2022 in light of measures adopted by the Russian Central Bank and Government, as well as sanctions implemented by the United States and other countries in response to Russia's invasion of Ukraine. The effects of the sanctions and measures adopted by the Russian Central Bank and Government are far-reaching and include, among others, the freezing of certain Russian assets held by entities, such as the Fund, that are organized in countries viewed as "unfriendly" by the Russian Government. The Fund's investment manager has b

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  • The European Equity Fund, Inc. Announces Results of Annual Meeting of Stockholders

    The European Equity Fund, Inc. (NYSE:EEA) (the "Fund") announced today the results of its Annual Meeting of Stockholders held on June 23, 2022. Each of the three Class II Directors nominated by the Board of Directors, Dr. Holger Hatje, Dr. Christopher Pleister and Ms. Fiona Flannery, was elected to serve for a term of three years and until his or her respective successor is elected and qualifies; and one Class III Director, Mr. Bernhard Koepp, was elected to serve a term of one year and until his successor is elected and qualifies. Stockholders also ratified the appointment of Ernst & Young LLP as the independent auditors for the Fund for its 2022 fiscal year. Stockholders did not approve

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