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Certain DWS Closed-End Funds Announce Extension of Share Repurchases and The Central and Eastern Europe Fund, Inc. Announces Extension of Minimum Period for Partial Advisory Fee Waiver

1. CEE extends share repurchase authorization for another year. 2. This may increase shareholder value and price stability.

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FAQ

Why Bullish?

Share repurchase programs often lead to higher stock prices due to reduced supply. For example, when companies like Apple initiated buybacks, their stock value typically rose significantly.

How important is it?

The continuation of buyback programs is a positive indicator of management’s confidence in the Fund’s ability to generate cash, likely appealing to investors.

Why Short Term?

The immediate effect of the announced repurchase will likely be seen in the next fiscal quarter. Historically, such programs create quick investor confidence and buying interest.

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EEAGF
NEW YORK--(BUSINESS WIRE)--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 open market share repurchases for an additional twelve-month period. Each Fund may continue to purchase outstanding shares of its common stock in open-market.

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