The European Equity Fund, Inc. and The New Germany Fund, Inc. Declare Distributions

Rhea-AI Summary

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

Each Fund's net income and capital gains distributions are listed, with EEA's total distribution at $0.7252 per share and GF's at $0.7254.

Positive

• Both Funds declared distributions, boosting shareholder returns.
• Shareholders of record can opt for cash distributions.

Negative

• The New Germany Fund reported zero net investment income and short-term capital gains.

NEW YORK--(BUSINESS WIRE)-- 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 declared the distributions set forth below. GF’s and EEA’s total distributions will be paid in stock except that any stockholder of record as of May 16, 2022 may elect to receive such distribution in cash.

Details for each Fund’s distributions are as follows:

Declaration - 5/6/2022   Ex-Date - 5/13/2022   Record - 5/16/2022   Payable - 6/24/2022

Fund	Ticker	Net Investment Income per Share	Short-Term Capital Gains per Share	Long-Term Capital Gains per Share	Total Distribution per Share
The European Equity Fund, Inc.	EEA	$0.1425	$0.0000	$0.5827	$0.7252
The New Germany Fund, Inc.	GF	$0.0000	$0.0000	$0.7254	$0.7254

For more information on each Fund, including the most recent month-end performance, visit www.dwsfunds.com or call (800) 349-4281.

Important Information

Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.

The European Equity Fund, Inc. is diversified and primarily focuses its investments in equity securities of issuers domiciled in Europe, thereby increasing its vulnerability to developments in that region. Investing in foreign securities, particularly of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Any fund that concentrates in a particular segment of the market or a particular geographical region will generally be more volatile than a fund that invests more broadly.

The New Germany Fund, Inc. is diversified and primarily focuses its investments in equity securities of issuers domiciled in Europe, thereby increasing its vulnerability to developments in that region. Investing in foreign securities, particularly of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Any fund that concentrates in a particular segment of the market or a particular geographical region will generally be more volatile than a fund that invests more broadly.

Investing in foreign securities presents certain risks, such as currency fluctuations, and risks of currency and capital controls, political and economic changes, and market risks. Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests more broadly.

The shares of most closed-end funds, including the Funds, are not continuously offered. Once issued, shares of closed-end funds are bought and sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of a fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, a fund cannot predict whether its shares will trade at, below, or above net asset value.

War (including Russia’s recent invasion of Ukraine), US and other sanctions, terrorism, economic uncertainty, trade disputes, trading halts, currency and capital controls, public health crises (including the recent pandemic spread of the novel coronavirus) and related geopolitical events could lead to increased market volatility, disruption to US and world economies and markets and may have significant adverse effects on the Fund and its investments, including making investments illiquid and/or difficult to value.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like “expect,” “anticipate,” “believe,” “intend,” and similar expressions. Such statements represent management’s current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The following factors, among others, could cause actual results to differ materially from forward-looking statements: (i) the effects of adverse changes in market and economic conditions; (ii) legal and regulatory developments; and (iii) other additional risks and uncertainties, including public health crises (including the recent pandemic spread of the novel coronavirus), war, terrorism, trade disputes and related geopolitical events.

Past performance is no guarantee of future results.

NOT FDIC/NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offer advisory services. (R-089710-1) (05/22)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220506005358/en/

For additional information:

DWS Press Office (212) 454-4500

Shareholder Account Information (800) 294-4366

DWS Closed-End Funds (800) 349-4281

Source: DWS

FAQ

What are the distribution details for The European Equity Fund, Inc. (EEA)?

The European Equity Fund, Inc. (EEA) declared a total distribution of $0.7252 per share, with $0.1425 as net investment income, payable on June 24, 2022.

When are the key dates for distributions from The New Germany Fund, Inc. (GF)?

The New Germany Fund, Inc. (GF) has key dates as follows: Declaration on May 6, 2022; Ex-Date on May 13, 2022; Record Date on May 16, 2022; and Payable Date on June 24, 2022.

Can shareholders receive cash from the distributions of EEA and GF?

Yes, shareholders of record as of May 16, 2022, can elect to receive their distributions in cash instead of stock.