The Central and Eastern Europe Fund, Inc. Announces Changes to Portfolio Management Team
29 Luglio 2022 - 11:00PM
Business Wire
The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the
“Fund”) announced today that Sebastian Kahlfeld will replace
Sylwia Szczepek as the Fund’s portfolio manager effective August 1,
2022. Mr. Kahlfeld currently serves as the Fund’s deputy portfolio
manager and has been a member of the Fund’s portfolio management
team since 2011. Effective August 1, 2022, Ms. Szczepek, who has
served as the Fund’s portfolio manager since 2014, will replace Mr.
Kahlfeld as the Fund’s deputy portfolio manager.
For more information on the Fund, including its most recent
month-end performance, visit dws.com or call (800) 349-4281.
Important Information
Closed-end funds, unlike open-end funds, are not continuously
offered. There is a one-time public offering and once issued,
shares of closed-end funds are 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 the fund’s shares is
determined by a number of factors, several of which are beyond the
control of the fund. Therefore, the fund cannot predict whether its
shares will trade at, below or above net asset value.
The Fund, Inc. 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.
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.
War, terrorism, sanctions, economic uncertainty, trade
disputes, public health crises and related geopolitical events have
led, and, in the future, may lead to significant disruptions in US
and world economies and markets, which may lead to increased market
volatility and may have significant adverse effects on the Fund and
their investments. In the case of the Fund, Russia’s invasion of
Ukraine has materially adversely affected, and may continue to
materially adversely affect, the value and liquidity of the Fund’s
portfolio.
The United States, the European Union, the United Kingdom 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 Fund’s
portfolios.
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
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-091236-1)
(07/22)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220729005374/en/
For additional information:
DWS Press Office (212) 454-4500 Shareholder Account
Information (800) 294-4366 DWS Closed-End Funds (800)
349-4281
Grafico Azioni Central and Eastern Europe (NYSE:CEE)
Storico
Da Giu 2024 a Lug 2024
Grafico Azioni Central and Eastern Europe (NYSE:CEE)
Storico
Da Lug 2023 a Lug 2024