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

Rhea-AI Summary

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.

Positive

• EEA will distribute $0.0376 per share.
• GF will distribute $0.0239 per share.
• Distributions will be paid in cash to stockholders recorded by May 24, 2024.
• Both funds are diversified, focusing on specific geographical regions.

Negative

• EEA and GF are vulnerable to regional developments, increasing investment risks.
• Exposure to foreign securities risks, including currency fluctuations and political changes.
• Global geopolitical events may lead to significant market volatility and adverse effects.
• Shares of closed-end funds often trade at a discount to net asset value.

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 cash to the stockholders of record as of May 24, 2024.

Details for each Fund’s distributions are as follows:

Declaration- 05/14/2024	Ex-Date- 05/23/2024	Record- 05/24/2024			Payable- 06/04/2024
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	$0.0376	$0.0000		$0.0000	$0.0376
The New Germany Fund, Inc. .	GF	$0.0239	$0.0000		$0.0000	$0.0239

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

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.

The New Germany Fund, Inc. is diversified, and primarily focuses its investments in Germany, thereby increasing its vulnerability to developments in that country.

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.

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

DWS Distributors, Inc.
222 South Riverside Plaza
Chicago, IL 60606-5808
www.dws.com
Tel (800) 621-1148
© 2024 DWS Group GmbH & Co. KGaA. All rights reserved

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-101018 -1) (05/24)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240514950686/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 is the distribution amount for EEA?

The distribution amount for EEA is $0.0376 per share.

What is the distribution amount for GF?

The distribution amount for GF is $0.0239 per share.

When is the record date for EEA distributions?

The record date for EEA distributions is May 24, 2024.

When is the payable date for EEA and GF distributions?

The payable date for EEA and GF distributions is June 4, 2024.

What are the risks associated with investing in EEA?

Investing in EEA involves risks from regional developments in Europe, currency fluctuations, and political and economic changes.

What are the risks associated with investing in GF?

Investing in GF involves risks from regional developments in Germany, currency fluctuations, and political and economic changes.

Why do shares of closed-end funds like EEA and GF often trade at a discount?

Shares of closed-end funds often trade at a discount due to several factors beyond the fund's control, such as market volatility and investor sentiment.