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

Jul 29, 2022

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 CEE, EEA, GF and to repurchase up to 622,066, 708,104 and 1,756,928 shares, respectively (representing approximately 10% of each Fund’s current shares outstanding) for the twelve month period from August 1, 2022 through July 31, 2023. Repurchases will be made from time to time when they are believed to be in the best interests of a Fund. Repurchases will not be made when a Fund’s shares are trading at a premium to net asset value, which is currently the case for the shares of CEE.

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