The European Equity Fund, Inc. Announces Annual Meeting of Stockholders

Rhea-AI Summary

The European Equity Fund, Inc. (NYSE: EEA) will hold its Annual Meeting of Stockholders on June 22, 2023, at 10:30 a.m. in New York City. Shareholders recorded as of April 28, 2023 can vote on key issues, including the election of Directors and auditor approval. A potential stockholder proposal will also be considered, with details forthcoming in a proxy statement in May.

The Fund primarily invests in equity securities of European issuers, which exposes it to regional economic fluctuations. It faces risks from foreign investments, including currency volatility and geopolitical tensions that may impact market conditions and fund performance.

Positive

• The European Equity Fund is actively engaging its shareholders through an upcoming Annual Meeting to discuss key governance issues.

Negative

• The Fund is vulnerable to economic developments in Europe, which may affect its performance.
• Investments in foreign securities, particularly from emerging markets, expose the Fund to significant risks including currency fluctuations and political instability.
• Current geopolitical tensions and sanctions against Russia may adversely affect the value of the Fund's portfolios.

NEW YORK--(BUSINESS WIRE)-- The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”) announced today that the Annual Meeting of Stockholders for the Fund will be held at 10:30 a.m., Eastern time on June 22, 2023 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, New York 10022. Holders of shares of common stock of record of the Fund at the close of business on April 28, 2023 are entitled to vote at the meeting and any postponements or adjournments thereof. At the meeting, stockholders of the Fund will consider the election of Directors and approval of auditors. In addition, stockholders of the Fund will be asked to consider a stockholder proposal if it is properly presented at the meeting. Details of the proposal will be set forth in a proxy statement expected to be mailed to stockholders in May.

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

Important Information

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, 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 or a particular geographical region will generally be more volatile than a fund that invests more broadly.

War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the funds and their investments.

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.

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.

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-095445-1) (04/23)

View source version on businesswire.com: https://www.businesswire.com/news/home/20230417005587/en/

For additional information:

DWS Press Office (212) 454-4500

Shareholder Account Information (800) 294-4366

DWS Closed-End Funds (800) 349-4281

Source: The European Equity Fund, Inc.

FAQ

When is the Annual Meeting of Stockholders for The European Equity Fund (NYSE: EEA)?

The Annual Meeting of Stockholders for The European Equity Fund will be held on June 22, 2023, at 10:30 a.m. Eastern time.

What will be discussed at the Annual Meeting for EEA on June 22, 2023?

At the meeting, stockholders will consider the election of Directors, approval of auditors, and a stockholder proposal, if properly presented.

Who is entitled to vote at the EEA stockholders' meeting?

Holders of common stock of record at the close of business on April 28, 2023, are entitled to vote at the meeting.

What risks does The European Equity Fund (NYSE: EEA) face due to its investment strategy?

The Fund is vulnerable to developments in Europe, foreign currency fluctuations, and geopolitical events that may disrupt market conditions.

What is the significance of the stockholder proposal for The European Equity Fund (NYSE: EEA)?

The stockholder proposal, if presented, will be a key topic at the meeting, potentially influencing fund governance or strategic direction.