The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Extension of Share Repurchases

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Jul 30, 2021

The Central and Eastern Europe 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”) each announced today that its Board of Directors has approved an extension of the current repurchase authorization permitting EEA, GF and CEE to repurchase up to 700,849, 1,575,385, and 638,580 shares, respectively (representing approximately 10% of each Fund’s current shares outstanding) for the twelve month period from August 1, 2021 through July 31, 2022. Repurchases will be made from time to time when they are believed to be in the best interests of a Fund.