New Germany Fund Stock Price, News & Analysis

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) held their Joint Annual Meetings of Stockholders on June 23, 2022. All nominated directors for both funds were elected, with CEE approving a change in its investment policy to limit industry concentration to 25%. The appointment of Ernst & Young LLP as independent auditors for both funds for the 2022 fiscal year was ratified. These changes and elections aim to strengthen fund governance while adapting investment strategies.

The New Germany Fund, Inc. (NYSE: GF) has appointed Leon Cappel as the new deputy portfolio manager, effective June 1, 2022, succeeding Philipp Schweneke. Valerie Schuler remains the Fund's portfolio manager. Cappel joined DWS's German equity team in 2019 and holds a BSc and MSc in Business Chemistry from Heinrich Heine University Duesseldorf. The Fund primarily invests in European equity securities, facing potential risks from currency fluctuations and geopolitical events, which may impact market volatility.

The European Equity Fund, Inc. (NYSE: EEA) and The New Germany Fund, Inc. (NYSE: GF) announced distributions by their Board of Directors. Both Funds will issue distributions in stock, but shareholders may choose cash if they are on record by May 16, 2022. Details include:

• Declaration date: May 6, 2022
• Ex-Date: May 13, 2022
• Record date: May 16, 2022
• Payable date: June 24, 2022

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) announced their Annual Meeting of Stockholders on June 23, 2022. The meeting will be held at 10:00 a.m. Eastern time at DWS Investment Management Americas, Inc. in New York. Shareholders on record as of April 29, 2022 can vote on director elections and auditor approvals. The press release highlights risks associated with investing in foreign securities, market volatility, and trading discounts of closed-end funds.

The Central and Eastern Europe Fund (NYSE: CEE), The New Germany Fund (NYSE: GF), and The European Equity Fund (NYSE: EEA) announced their 2021 December distributions. Declared on December 20, 2021, the distributions will be paid in stock, with cash options available for stockholders of record as of December 30, 2021. Key details include:

• CEE: $0.9531 per share
• GF: $0.0644 per share
• EEA: $0.0735 per share

Payments are scheduled for January 28, 2022.

The Central and Eastern Europe Fund (CEE), European Equity Fund (EEA), and New Germany Fund (GF) announced a repurchase authorization, allowing them to buy back up to 700,849, 1,575,385, and 638,580 shares, respectively, over the next year. This represents approximately 10% of each Fund’s outstanding shares, effective from August 1, 2021, to July 31, 2022. The Boards will also consider initiating a tender offer during this period.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) announced the results of their Joint Annual Meetings of Stockholders on June 24, 2021. Stockholders elected three Class III Directors for each Fund, including Mr. Christian H. Strenger and Dr. Wolfgang Leoni for CEE, and Ambassador Richard R. Burt for GF. Furthermore, Ernst & Young LLP was ratified as the independent auditor for both Funds for the 2021 fiscal year. Investing in these funds carries risks, particularly due to their focus on foreign and emerging markets, which may result in increased volatility.

The European Equity Fund, Inc. (EEA) and The New Germany Fund, Inc. (GF) announced distributions following a board declaration on May 7, 2021. The cash distribution for EEA is $0.0325 per share, payable on June 25, 2021. For GF, the total distribution is $0.9326 per share, primarily in stock, with the option for cash for stockholders of record by May 17, 2021.

Investors should consider market risks, including sanctions on Russia impacting portfolios. Both funds focus on foreign investments, which may affect volatility.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) will hold their Annual Meeting of Stockholders at 10:00 a.m. ET on June 24, 2021, virtually due to COVID-19. Shareholders on record by April 30, 2021, can vote on director elections and auditor approvals. The press release highlights risks associated with foreign investments, particularly in emerging markets, including potential sanctions on Russia affecting the Funds' portfolios. For more details, visit dws.com.