Articles from The Central and Eastern Europe Fund, Inc.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) announced today that its Board of Directors determined not to proceed with the previously announced change of the benchmark index for the Fund from the MSCI Emerging Markets Eastern Europe Index to a custom blend of the MSCI Germany Index, 24% weight, the MSCI Austria Index, 4% weight, MSCI Switzerland Index, 12% weight, and the MSCI Emerging Markets Eastern Europe Index, 60% weight, contingent on stockholder approval of the removal of the Fund’s policy to concentrate its investments in the energy sector. Accordingly, the Fund will retain the MSCI Emerging Markets Eastern Europe Index as the benchmark index for the Fund. The Board of Directors determined that it will continue to recommend stockholder approval at the Fund’s Annual Meeting of Stockholders of the proposal to change the Fund’s concentration policy.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) announced today that at the Fund’s Annual Meeting of Stockholders to be held on June 23, 2022, stockholders of the Fund will consider, in addition to the election of Directors and approval of auditors as previously announced, a proposal to eliminate the Fund’s current policy that it will concentrate its investments in the energy industry. If the proposed change to the Fund’s concentration policy is approved, the Fund will not invest 25% or more of its total assets in the securities of issuers in any one industry. The Fund also announced that its Board of Directors approved a change of the benchmark index for the Fund, effective on or about July 1, 2022, from the MSCI Emerging Markets Eastern Europe Index to a custom blend of the MSCI Germany Index, 24% weight, the MSCI Austria Index, 4% weight, MSCI Switzerland Index, 12% weight, and the MSCI Emerging Markets Eastern Europe Index, 60% weight, which change of benchmark index is subject to stockholder approval at the Annual Meeting of Stockholders of the proposal to change the Fund’s concentration policy.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) announced today that it has provided updated portfolio holdings information as of March 31, 2022 at www.dwsfunds.com (immediately following this press release in the “Press releases” portion of the Fund’s main web page). The updated holdings information reflects changes made to the Fund’s portfolio since March 14, 2022. As of March 31, 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.

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.