The Central Europe, Russia and Turkey Fund, Inc. (NYSE:CEE), The
European Equity Fund, Inc. (NYSE:EEA), and The New Germany Fund, Inc.
(NYSE:GF) (each, a “Fund,” and, collectively, the “Funds”) announced
today that the Annual Meeting of Stockholders for each Fund will be held
at 10:00 a.m., Eastern time on June 19, 2014 at 60 Wall Street, New
York, NY 10005. At the Meeting, stockholders of the Funds will consider
the election of Directors and certain other routine matters. In
addition, stockholders of EEA will be asked to consider a proposal to
change the Fund’s fundamental investment objective from seeking
“long-term capital appreciation through investment primarily in equity
or equity-linked securities of issuers domiciled in countries in Europe
that utilize the Euro currency” to seeking “long-term capital
appreciation through investment primarily in equity or equity-linked
securities of issuers domiciled in countries that are members of the
European Union” and to make corresponding changes to the Fund’s
fundamental investment policy that “under normal circumstances at least
80% of EEA’s assets (plus 80% of any assets funded with leverage) will
be invested in securities of issuers domiciled in countries that are
members of the European Union”. If EEA’s stockholders approve the
changes, EEA’s benchmark will change from the MSCI EMU Index to the MSCI
Europe Index. EEA expects that ordinarily substantially all of its
assets will be invested in securities of issuers domiciled in European
countries. Details of the proposals will be set forth in a proxy
statement expected to be mailed to stockholders later this month.
Holders of shares of common stock of record of the Funds at the close of
business on May 12, 2014 are entitled to vote at the Meeting and any
postponements or adjournments thereof.
For more information on the Funds, including their most recent month-end
performance, visit www.dws-investments.com
or call (800) 349-4281 or 00-800-2287-2750 from outside the US.
Important Information
The Central Europe, Russia and Turkey Fund, Inc. is a
non-diversified, closed-end investment company seeking long term capital
appreciation through investment primarily in equity or equity-linked
securities of issuers domiciled in Central Europe, Russia and Turkey.
The Fund is non-diversified and can take larger positions in fewer
issues, increasing its potential risk. Investing in foreign
securities, particularly those of emerging markets, presents certain
risks, such as currency fluctuations, political and economic changes,
and market risks. Any fund that focuses in a particular segment
of the market will generally be more volatile than a fund that invests
more broadly.
The European Equity Fund, Inc. is a diversified, closed-end
investment company seeking long-term capital appreciation through
investment primarily (normally at least 80% of its assets) in equity or
equity-linked securities of companies domiciled in European countries
utilizing the Euro currency.
The New Germany Fund, Inc. is a diversified, closed-end investment
company seeking capital appreciation primarily through investment in the
Mittelstand – an important group of small and mid-cap German companies.
The Fund may invest up to 35% of its assets in large cap German
companies, and up to 20% in other Western European companies.
The shares of most closed-end funds, including the Funds, are not
continuously offered. Once issued, shares of closed-end funds are bought
and sold in the secondary market. Shares of closed-end funds frequently
trade at a discount to NAV. 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, such a fund cannot predict
whether its shares will trade at, below or above NAV. Investments
in funds involve risk. Additional risks of the Funds are associated with
international investing, such as 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, each Fund focuses its
investments in certain geographical regions, thereby increasing its
vulnerability to developments in that region and potentially subjecting
the Fund’s shares to greater price volatility. Some funds have
more risk than others. These include funds, such as CEE, that are
substantially invested in emerging markets (e.g., political or
economic instability, which can be accentuated in emerging market
countries).
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.
Certain statements contained in this release may be forward-looking
in nature. These include all statements relating to plans,
expectations, and other statements that are not historical facts
and typically use words like “expect,” “anticipate,” “believe,”
“intend,” and similar expressions. Such statements represent
management’s current beliefs, based upon information available at the
time the statements are made, with regard to the matters addressed.
All forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ
materially from those expressed in, or implied by, such
statements. Management does not undertake any obligation to
update or revise any forward-looking statements, whether as a
result of new information, future events, or otherwise.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT
A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
DWS Investments is part of Deutsche Bank’s Asset & Wealth Management
division and, within the US, represents the retail asset management
activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas,
Deutsche Investment Management Americas Inc. and DWS Trust Company. (R-34788-1)
(5/14)
Copyright Business Wire 2014