The Central and Eastern Europe Fund, Inc. Announces Results of the Fund’s Annual Meeting of Stockholders
20 July 2024 - 6:35AM
Business Wire
The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the
“Fund”) announced today the results of its Annual Meeting of
Stockholders which was initially called to order and adjourned on
June 27, 2024 and reconvened on July 19, 2024.
Both of the two Class III Directors nominated by the Board of
Directors, Dr. Holger Hatje and Dr. Wolfgang Leoni, were elected at
the reconvened meeting, to serve for a term of three years and
until his respective successor is elected and qualifies.
The Fund previously announced that, prior to the adjournment of
the meeting on June 27, 2024, stockholders ratified the appointment
of Ernst & Young LLP as the independent auditors for the Fund
for its 2024 fiscal year.
Important Information
The Fund is non-diversified and can take larger positions in
fewer issues, increasing its potential risk. Investing in foreign
securities, particularly of emerging markets, 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 focuses in a particular 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 issues, increasing its potential
risk.
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 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.
War, terrorism, sanctions, economic uncertainty, trade
disputes, public health crises and related geopolitical events have
led, and, in the future, may lead to significant disruptions in US
and world economies and markets, which may lead to increased market
volatility and may have significant adverse effects on the funds
and their investments.
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. Russia’s
invasion of Ukraine and the sanctions imposed as a result have
materially adversely affected, and may continue to materially
adversely affect, the value and liquidity of the Fund’s
portfolio.
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. The following factors,
among others, 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, 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.dws.com Tel (800) 621-1148 © 2024 DWS Group GmbH
& Co. KGaA. All rights reserved
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-101950-1)
(07/24)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240719702515/en/
For additional information:
DWS Press Office (212) 454-4500 Shareholder Account Information
(800) 294-4366 DWS Closed-End Funds (800) 349-4281
Central and Eastern Europe (NYSE:CEE)
Historical Stock Chart
From Oct 2024 to Nov 2024
Central and Eastern Europe (NYSE:CEE)
Historical Stock Chart
From Nov 2023 to Nov 2024