The Central and Eastern Europe Fund, Inc. (NYSE: CEE), The New Germany Fund, Inc. (NYSE: GF), and The European Equity Fund, Inc. (NYSE: EEA) (collectively, the “Funds”) have announced their 2024 yearly distribution details. The Boards of Directors for each Fund declared the distributions as follows:
- Declaration Date: December 18, 2024
- Ex-Date: December 30, 2024
- Record Date: December 30, 2024
- Payable Date: January 31, 2025
Distribution Details
| Fund | Ticker | Net Investment Income per Share | Short-Term Capital Gains per Share | Long-Term Capital Gains per Share | Total Distribution per Share |
|---|---|---|---|---|---|
| The Central and Eastern Europe Fund, Inc. | CEE | $0.3532 | $0.0000 | $0.0000 | $0.3532 |
| The New Germany Fund, Inc. | GF | $0.0482 | $0.0000 | $0.0000 | $0.0482 |
| The European Equity Fund, Inc. | EEA | $0.1410 | $0.0000 | $0.0000 | $0.1410 |
Payment Options
- CEE and EEA Distributions: These will be paid in stock by default, but stockholders of record as of December 30, 2024, may elect to receive cash instead.
- GF Distributions: These will be paid in cash to all stockholders of record as of December 30, 2024.
Fund Profiles
The Central and Eastern Europe Fund, Inc. (CEE)
CEE focuses on investments in Central and Eastern Europe. Its non-diversified structure allows for concentrated positions, which increases its risk profile. The Fund faces challenges from currency fluctuations, political and economic instability, and market risks, particularly in emerging markets. The ongoing geopolitical conflict involving Russia has adversely impacted the Fund’s portfolio and may continue to do so.
The European Equity Fund, Inc. (EEA)
EEA invests primarily in European equity securities and is diversified. It is subject to risks related to European economic and political developments, as well as the inherent volatility of emerging markets.
The New Germany Fund, Inc. (GF)
GF focuses on investments in Germany and is diversified. It carries risks associated with regional concentration and market volatility.
Important Considerations
Shares of closed-end funds are traded on the open market and often at a discount to net asset value. Several factors, including market conditions and geopolitical events, can influence the pricing of shares.
The Funds’ portfolios have been affected by events such as geopolitical tensions, economic uncertainty, sanctions, and public health crises. These factors may continue to impact performance and valuation
