The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the
“Fund”) announced today that it has provided updated portfolio
holdings information as of March 14, 2022 at www.dwsfunds.com. The
updated holdings information reflects changes made to the Fund’s
portfolio since March 2, 2022. As of March 14, 2022, the Fund
continues to hold securities of certain Russian issuers that are
subject to United States and other sanctions. The Fund continues to
believe that it is in compliance with all applicable sanctions
requirements. In response to an investor inquiry, the Fund notes
that, as of March 14, 2022, only one of its Russian holdings was a
local Russian equity, Alrosa PJSC. Alrosa PJSC is listed on the
Moscow Exchange.
In addition, the Fund announced today that effective as of
February 24, 2022, the Fund’s investment advisor, DWS International
GmbH (“DWSI”), has voluntarily agreed to waive 50% of its advisory
fee until further notice. Until its termination, this new 50%
advisory fee waiver will be applied in a manner that incorporates
DWSI’s existing voluntary advisory fee waiver of 10 basis points,
which waiver commenced on January 1, 2022 and lasts until December
31, 2022.
For more information on the Fund, 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 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 Central and Eastern Europe Fund, Inc. is non-diversified
and can take larger positions in fewer issues, increasing its
potential risk, and also concentrates its investments in the energy
sector. Investing in foreign securities presents certain risks,
such as currency fluctuations, currency and capital controls
political and economic changes, and market risks. Emerging markets
tend to be more volatile and less liquid than the markets of more
mature economies, and generally have less diverse and less mature
economic structures and less stable political systems than those of
developed countries. Any fund that focuses in a particular segment
of the market or region of the world will generally be more
volatile than a fund that invests more broadly.
The shares of most closed-end funds, including the Fund, 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
Fund are associated with international investing, such as currency
fluctuations, currency and capital controls, 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 Fund
focuses its investments in certain geographical regions, thereby
increasing its vulnerability to developments in that region and
potentially subjecting the Fund’s shares to greater price
volatility. Some funds have more risk than others. These include
funds, such as the Fund, 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).
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
DWS Distributors, Inc. 222 South Riverside Plaza Chicago,
IL 60606-5808 www.dws.com Tel (800) 621-1148 © 2022 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-088746)
(03-2022)
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version on businesswire.com: https://www.businesswire.com/news/home/20220315006070/en/
For additional information:
DWS Press Office (212) 454-4500 Shareholder Account
Information (800) 294-4366 DWS Closed-End Funds (800)
349-4281
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