New Germany Fund Stock Price, News & Analysis

The Central and Eastern Europe Fund (NYSE: CEE) and The New Germany Fund (NYSE: GF) have announced their Annual Meetings of Stockholders, scheduled for June 30, 2025, at 10:30 a.m. Eastern time. The meeting will be held at DWS Investment Management Americas offices in New York.

Stockholders of record as of May 16, 2025, will vote on the election of Directors and approval of auditors. CEE stockholders will additionally consider a stockholder proposal if properly presented.

The PR highlights that CEE is a non-diversified fund that can take larger positions in fewer issues, potentially increasing risk. The fund focuses on emerging markets, which typically experience higher volatility and less liquidity compared to mature economies.

The New Germany Fund (NYSE: GF) has announced a significant leadership change, with Hansjoerg Pack replacing Leon Cappel as portfolio manager effective March 1, 2025. Mr. Cappel's resignation was cited for personal reasons. Juan Barriobero de la Pisa will continue as Deputy Portfolio Manager.

Pack, who joined DWS in 1997, brings extensive portfolio management experience, particularly in German small and mid-cap equity securities. He has managed DWS Aktien Strategie Deutschland (with over EUR 2 billion in net assets) since 2016. Pack holds a BA in Business Administration from Sheffield Hallam University, a Master's in Economics from University of Duisburg-Essen, and is a CEFA-certified analyst.

The Central and Eastern Europe Fund (CEE), The New Germany Fund (GF), and The European Equity Fund (EEA) have announced their yearly distributions for 2024. CEE and EEA distributions will be paid in stock, with stockholders having the option to elect cash payments, while GF distributions will be paid entirely in cash.

The distributions per share are: CEE at $0.3532, GF at $0.0482, and EEA at $0.1410, all consisting of net investment income with no capital gains. The key dates are: Declaration on 12/18/2024, Ex-Date and Record Date on 12/30/2024, and Payment Date on 1/31/2025.

The funds note potential risks including market volatility, geopolitical events, and particularly for CEE, the ongoing impact of Russia's invasion of Ukraine and related sanctions.

The Central and Eastern Europe Fund (NYSE: CEE), The European Equity Fund (NYSE: EEA), and The New Germany Fund (NYSE: GF) have extended their share repurchase programs for another 12 months, from August 1, 2024, through July 31, 2025. This continuation allows each fund to buy back its common stock in open-market transactions when shares trade at a discount to net asset value (NAV).

The Boards of Directors retain the discretion to initiate tender offers during this period. These decisions aim to be accretive to each Fund's NAV and are subject to market conditions. The funds focus on investments in Central and Eastern Europe, Europe, and Germany respectively, which may increase their vulnerability to regional developments and market volatility.

The New Germany Fund (NYSE: GF) announced the results of its Annual Meeting of Stockholders held on June 27, 2024. Dr. Wolfgang Leoni and Ms. Hepsen Uzcan were elected as Class III Directors for three years. Ms. Fiona Flannery, a prior Class III Director, was elected as a Class I Director for one year. Stockholders also ratified the appointment of Ernst & Young LLP as the independent auditors for the 2024 fiscal year.

Details from the portfolio manager's presentation are available on the Fund’s website. The Fund, focusing on German investments, acknowledges risks related to foreign securities, including currency fluctuations, political and economic changes, and market volatility. Shares of closed-end funds like this one often trade at a discount to net asset value, influenced by factors beyond the Fund’s control.

The European Equity Fund (EEA) and The New Germany Fund (GF) announced their Board of Directors declared distributions. EEA will distribute $0.0376 per share, while GF will distribute $0.0239 per share. These distributions are payable in cash to stockholders of record as of May 24, 2024, with the ex-date being May 23, 2024, and the payable date being June 4, 2024. EEA focuses on equity securities from Europe, increasing its vulnerability to regional developments, while GF invests primarily in Germany, making it susceptible to country-specific risks. Both funds are exposed to risks from foreign securities, including currency fluctuations, political changes, and market volatility. Current global geopolitical events may adversely affect the funds' performance. Shares of closed-end funds like EEA and GF often trade at a discount to net asset value.