Market Overview

The Central and Eastern Europe Fund, Inc., The New Germany Fund, Inc., and The European Equity Fund, Inc. Make Yearly Distribution Announcements

Share:

The Central and Eastern Europe Fund, Inc. (NYSE:CEE), The New Germany
Fund, Inc. (NYSE:GF) and The European Equity Fund, Inc. (NYSE:EEA)
(each, a "Fund," and collectively, the "Funds") each announced today
that its Board of Directors declared the distributions set forth below.
CEE's and GF's total distributions will be paid in stock except that any
stockholder of record as of December 31, 2018 may elect to receive such
distribution in cash.

Details for each Fund's 2018 yearly December distributions are as
follows:

Declaration- 12/19/2018    Ex-Date- 12/28/2018    Record-
12/31/2018    Payable- 1/30/2019

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   $1.0077   $0.0000   $0.0000   $1.0077
The New Germany Fund, Inc.   GF   $0.0868   $0.0000   $2.8520   $2.9388
The European Equity Fund, Inc.   EEA   $0.0432   $0.0000   $0.0000   $0.0432
         

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

Important Information

The Central and Eastern Europe Fund, Inc. This fund is
non-diversified and can take larger positions in fewer issues,
increasing its potential risk. Investing in foreign securities presents
certain risks, such as currency fluctuations, political and economic
changes, and market risks. 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 European Equity Fund, Inc. and The New Germany Fund, Inc. Investing
in foreign securities, particularly those 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 will generally be more volatile than a
fund that invests more broadly.

The shares of most closed-end funds, including the Funds, 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 Funds are
associated with international investing, such as currency fluctuations,
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 Funds focus their investments in certain geographical regions,
thereby increasing their vulnerability to developments in that region
and potentially subjecting the Funds' shares to greater price volatility.

Some funds have more risk than others. These include funds,
such as the Funds, 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).

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.

Past performance is no guarantee of future results.

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.

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

© 2018 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-063478-1) (12/18)

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