The European Equity Fund, Inc. and The New Germany Fund, Inc. Declare Distributions
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.
- EEA announces a cash distribution of $0.0325 per share.
- GF plans a total distribution of $0.9326 per share, offering stock or cash options.
- Investments in foreign securities may expose shareholders to increased volatility and market risks.
- Economic sanctions on Russia could adversely affect fund values.
The European Equity Fund, Inc. (NYSE: EEA) and The New Germany Fund, Inc. (NYSE: GF) (each, a “Fund,” and, collectively, the “Funds”) announced today that its Board of Directors declared the distributions set forth below. GF’s total distributions will be paid in stock except that any stockholder of record as of May 17, 2021 may elect to receive such distribution in cash. EEA’s total distributions will be paid in cash.
Details for the Funds’ distributions are as follows:
Declaration - 5/7/2021 Ex-Date - 5/14/2021 Record - 5/17/2021 Payable - 6/25/2021
Fund |
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Ticker |
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Net Investment Income per Share |
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Short-Term Capital Gains per Share |
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Long-Term Capital Gains per Share |
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Total Distribution per Share |
The European Equity Fund, Inc. |
EEA |
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The New Germany Fund, Inc. |
GF |
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For more information on each Fund, including the most recent month-end performance, visit www.dwsfunds.com or call (800) 349-4281.
Important Information
Investing in foreign securities, particularly those 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 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.
Investments in funds involve risk. Additional risks of the Funds are associated with international investing, such as currency fluctuations, political and economic changes, market risks, government regulations and differences in liquidity, which may increase the volatility of your investment. Foreign security markets generally exhibit greater price volatility and are less liquid than the US market. Additionally, the Funds focus their investments in certain geographical regions, thereby increasing their vulnerability to developments in that region and potentially subjecting the Funds’ shares to greater price volatility. Some funds have more risk than others. These include funds, such as the Funds, that allow exposure to or otherwise concentrate investments in certain sectors, geographic regions, security types, market capitalization, or foreign securities (e.g., political or economic instability, which can be accentuated in emerging market countries).
The European Union, the United States and other countries have imposed sanctions on Russia in response to Russian military and other actions in recent years. These sanctions have adversely affected Russian individuals, issuers and the Russian economy. Russia, in turn, has imposed sanctions targeting Western individuals, businesses and products. The various sanctions have adversely affected, and may continue to adversely affect, not only the Russian economy, but also the economies of many countries in Europe, including countries in Central and Eastern Europe. The continuation of current sanctions or the imposition of additional sanctions may materially adversely affect the value of the Funds’ portfolios.
Past performance is no guarantee of future results.
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.
War, terrorism, economic uncertainty, trade disputes, 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 Funds and their investments.
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-083136-1) (05/21)
View source version on businesswire.com: https://www.businesswire.com/news/home/20210507005495/en/
FAQ
What are the distribution amounts for EEA and GF as announced on May 7, 2021?
When will the distributions for EEA and GF be payable?
What is the ex-date for the distributions announced for EEA and GF?
What risks are associated with investing in EEA and GF?
Can GF shareholders choose to receive cash instead of stock?
