The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) announced today that its Board of Directors determined not to proceed with the previously announced change of the benchmark index for the Fund from the MSCI Emerging Markets Eastern Europe Index to a custom blend of the MSCI Germany Index, 24% weight, the MSCI Austria Index, 4% weight, MSCI Switzerland Index, 12% weight, and the MSCI Emerging Markets Eastern Europe Index, 60% weight, contingent on stockholder approval of the removal of the Fund’s policy to concentrate its investments in the energy sector. Accordingly, the Fund will retain the MSCI Emerging Markets Eastern Europe Index as the benchmark index for the Fund. The Board of Directors determined that it will continue to recommend stockholder approval at the Fund’s Annual Meeting of Stockholders of the proposal to change the Fund’s concentration policy.
The Central and Eastern Europe Fund, Inc. Announces the Rescission of the Previously Announced Change to the Fund's Benchmark
May 06, 2022
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