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Market Overview

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


The European Equity Fund, Inc. (NYSE:EEA) and The New Germany Fund,
Inc. (NYSE:GF) (each, a "Fund," and, collectively, the "Funds")
announced today that its Board of Directors declared the distributions
set forth below. Each Fund's total distributions will be paid in stock
except that any stockholder of record as of May 20, 2019 may elect to
receive such distribution in cash.

Details for the Funds' distributions are as follows:

    Declaration- 5/09/2019     Ex-Date- 5/17/2019     Record- 5/20/2019     Payable- 6/28/2019
Fund   Ticker   Net Investment   Short-Term   Long-Term   Total

per Share


Capital Gains
per Share


Capital Gains
per Share


per Share

The European Equity Fund, Inc.   EEA   $0.0326   $0.0000   $0.2580   $0.2906
The New Germany Fund, Inc.   GF   $0.0158   $0.0000   $0.2970   $0.3128

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

Important Information

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.
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
Foreign security markets generally exhibit greater
price volatility and are less liquid than the US market.
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

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.





DWS Distributors, Inc.

222 South Riverside Plaza
Chicago, IL 60606-5808

Tel (800) 621-1148
© 2019 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-067320-1) (05/19)

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