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The Central Europe And Russia Fund, Inc., The European Equity Fund, Inc., And The New Germany Fund, Inc. Announce Results Of Each Fund’s Annual Meeting Of Stockholders

The Central Europe and Russia Fund, Inc. (NYSE: CEE), The European Equity Fund, Inc. (NYSE: EEA), and The New Germany Fund, Inc. (NYSE: GF) (each a “Fund” and, collectively, the “Funds”) announced the results of each Fund’s Annual Meeting of Stockholders held on June 27, 2012.

With respect to The European Equity Fund, Inc., each of the two Class I Directors nominated by the Board of Directors, Mr. Detlef Bierbaum and Mr. Robert H. Wadsworth, was elected to serve for a term of three years and until his respective successor is elected and qualifies, and one Class III Director nominated by the Board of Directors, Mr. Richard Karl Goeltz, was elected to serve for a term of two years and until his successor is elected and qualifies .

With respect to The New Germany Fund, Inc., each of the three Class III Directors nominated by the Board of Directors, Ambassador Richard R. Burt, Dr. Franz Wilhelm Hopp, and Dr. Friedbert H. Malt, was elected to serve for a term of three years and until his respective successor is elected and qualifies, and one Class II Director nominated by the Board of Directors, Mr. Richard Karl Goeltz, was elected to serve for a term of two years and until his successor is elected and qualifies.

With respect to The Central Europe and Russia Fund, Inc., each of the three Class III Directors nominated by the Board of Directors, Dr. Franz Wilhelm Hopp, Mr. Christian H. Strenger and Mr. Joachim Wagner, was elected to serve for a term of three years and until his respective successor is elected and qualifies, and the non-binding stockholder proposal asking the Board of Directors to take the steps necessary to adopt an interval fund structure whereby the Fund would conduct periodic tender offers at least semiannually for at least 10% of currently outstanding common stock at a price of at least 98% of net asset value was also approved.

Stock quotes in this article: CEE, EEA, GF 

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