Central and Eastern Europe Fund Inc T.CEE

Primary Symbol: CEE

The Central and Eastern Europe Fund, Inc. (the fund) is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment in equity or equity-linked securities of issuers domiciled in Central and Eastern Europe. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings used for investment purposes) in securities of issuers domiciled in Central and Eastern Europe. The Fund invests in a range of sectors, such as banks; diversified telecommunication services; electric utilities; food and staples retailing; metals and mining; oil, gas, and consumable fuels; wireless telecommunication services; insurance; media; airlines, chemicals, and pharmaceuticals; entertainment; interactive media and services, information technology (IT) services; insurance, and textiles, apparel, beverages, and luxury goods. DWS International GmbH is the investment advisor of the Fund.

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Central and Eastern Europe Fund Inc

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Comment by Gladtidingson Dec 17, 2010 12:07pm

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Post# 17862355

RE: RE: RE: Casey Research & CEE

Their NR says that the proceeds would be for advancing the company's growth. One can surmise that it would likely be for development of the high grade gold zone which they reached recently, plus possible acquisition of new properties in the vicinity. Present reserves of 11 million ozs are not going away. So why fret?

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