Central and Eastern Europe Fund

The Central & Eastern Europe Fund, Inc. operates as a closed-end investment trust. It engages in the provision of long-term capital appreciation through investment in equity or equity-linked securities of issuers domiciled in Central Europe, Russia and Turkey. The company was founded on March 6, 1990 and is headquartered in New York, NY.

European Equity Fund

New Germany Fund

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe 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”) each announced today that, in connection with the previously announced retirements of Mr. Christian Strenger and Dr. Christopher Pleister from each Fund's Board, the Board of Directors has appointed Mr. Bernhard Koepp, Independent Director of each Fund, to succeed Mr. Christian Stren.

The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Appointment of New Chairman of the Board

Saba Capital Income & Opportunities Fund

Macquarie/ First Trust Global Infrastructure/ Utilities Dividend & Income Fund

Reaves Utility Income Fund

For the third straight month, both equity (-2.52% on a NAV basis) and fixed income (-1.62%) CEFs on average suffered downside performance. At month end, 6% of all CEFs traded at a premium to their NAV, with 8% of equity CEFs and only 5% of fixed income CEFs trading in premium territory. Utility CEFs (-0.52%), for the first month in seven, mitigated losses better than the other classifications in the equity CEF universe for October.

The Month In Closed-End Funds: October 2023

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe 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”) each announced today that its Board of Directors has approved an extension of the current repurchase authorization permitting CEE, EEA, GF and to repurchase up to 630,039, 687,213 and 1,710,430 shares, respectively (representing approximately 10% of each Fund's current shares outsta.

The Central and Eastern Europe Fund, Inc., The European Equity Fund, Inc., and The New Germany Fund, Inc. Announce Extension of Share Repurchases

I believe Magnit PJSC's recent buyback may incentivize other Russian companies to follow suit, presenting a bullish opportunity for CEE, which marked to zero all of its Russian assets. Despite geopolitical and regulatory risks, volatility of emerging markets, concentration risk, and currency risk, I believe CEE is well positioned for recovery, particularly as the valuation of the main market for the fund, Poland, is below its historical average. I recommend investors conduct their own due diligence before making an investment decision, classifying the investment idea as a "Hold".

CEE: A Strong Bullish Catalyst From A Russian Company

Brandywine Global Income Opportunities Fund Inc

Herzfeld Caribbean Basin Fund Inc

Stone Harbor Emerging Markets Income Fund

Stone Harbor Emerging Markets Total Income Fund

Gabelli Equity Trust

Templeton Emerging Markets Income Fund

XAI Octagon Floating Rate & Alternative Income Term Trust

In June, 92% of all closed-end funds (CEFs) posted net asset value (NAV)-based returns in the black, with average returns of 3.57% for equity CEFs and 1.63% for fixed income CEFs. The Natural Resources CEFs classification topped the equity leaderboard with a 6.29% return, while High Yield CEFs led the domestic taxable fixed income leaderboard with a 2.63% return. The median discount of all CEFs narrowed to 10.79% in June, with equity.

The Month In Closed-End Funds: June 2023

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) announced today the results of its Annual Meeting of Stockholders held on June 22, 2023. Each of the three Class II Directors nominated by the Board of Directors, Mr. Walter C. Dostmann, Ms. Fiona Flannery and Mr. Bernhard Koepp, was elected to serve for a term of three years and until his or her respective successor is elected and qualifies. Stockholders also ratified the appointment of Ernst & Yo.

The Central and Eastern Europe Fund, Inc., Announces Results of the Fund's Annual Meeting of Stockholders and Extension of Advisory Fee Waiver

Credit Suisse Asset Management Income Fund

First Trust Dynamic Europe Equity Income Fund

Gabelli Healthcare & Wellness Trust

KKR Income Opportunities Fund

SRH Total Return Fund Inc

Swiss Helvetia Fund

For the first month in three, equity CEFs (+0.67% on a NAV basis) on average witnessed plus-side performance. While their fixed-income CEF cohorts (+0.56%) posted gains for the second consecutive month.

The Month In Closed-End Funds: April 2023

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) (each, a “Fund,” and, collectively, the “Funds”) announced today that the Annual Meeting of Stockholders for each Fund will be held at 10:00 a.m., Eastern time on June 22, 2023 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, New York 10022.

The Central and Eastern Europe Fund, Inc., and The New Germany Fund, Inc. Announce Annual Meetings of Stockholders

The Central and Eastern Europe Fund has been hit particularly hard by Russian sanctions over the last year. The Russian book has been marked to zero but could yield substantial recovery value should sanctions be lifted.

CEE: Too Risky A Play On Russia Upside

iShares MSCI All Country Asia ex Japan ETF

VanEck Vectors Africa Index ETF

iShares MSCI Japan ETF

iShares Latin America 40 ETF

iShares MSCI China ETF

SPDR S&P 500 ETF Trust

Vanguard FTSE Europe ETF

Diversifying into global markets ex-US has been a frustrating choice for asset allocation for much of the past decade. So far in the new year, Europe is the leader.

Foreign Stocks Are Hot Again. Will It Last?

ASA Gold and Precious Metals Ltd

Morgan Stanley China A Share Fund Inc

Aberdeen Asia-Pacific Income Fund Inc

Templeton Global Income Fund

Japan Smaller Capitalization Fund

Templeton Dragon Fund

For the first month in three, equity CEFs (-3.12% on a NAV basis) on average witnessed negative performance. While their fixed income CEF cohorts (-0.28%) posted losses for the fourth month in five.

The Month In Closed-End Funds: December 2022

Aberdeen Income Credit Strategies Fund

Alpine Global Dynamic Dividend Fund

Aberdeen Standard Global Infr Inc Fd

BlackRock Taxable Municipal Bond Trust

BlackRock Municipal Income Quality Trust

Calamos Convertible Opportunities And Income Fund

Dreyfus Alcentra Global Credit Income 2024 Target Term Fund, Inc.

Delaware Investments Dividend and Income Fund

Delaware Enhanced Global Dividend & Income Fund

Credit Suisse High Yield Bond Fund

DoubleLine Yield Opportunities Fund

Eagle Point Income Company Inc

Eaton Vance National Municipal Opportunities Trust

Eaton Vance Tax-Managed Buy-Write Opportunities Fund

Eaton Vance Tax-Advantaged Bond & Opportunity Stategies Fund

John Hancock Preferred Income Fund

Ivy High Income Opportunities Fund

Nuveen Core Equity Alpha Fund

Macquarie Global Infrastructure Total Return Fund Inc

Pioneer Municipal High Income Opportunities Fund

Nuveen Municipal Credit Opportunities Fund

Nuveen AMT-Free Municipal Credit Income Fund

Pimco California Municipal Income Fund II

PIMCO Dynamic Income Opportunities Fund

Pimco New York Municipal Income Fund

RiverNorth Flexible Muncpl Incme Fnd Inc

RiverNorth Opportunities Fund, Inc.

Cohen & Steers Reit And Preferred Income Fund Inc

Cushing MLP & Infrastructure Total Return Fund

Delaware Investments

2 out of 23 CEF sectors positive on price and 4 out of 23 sectors positive on NAV last week. DEX will merge with AGD.

Weekly Closed-End Fund Roundup: DEX Will Merge With AGD, Tender Next January (December 11, 2022)

CEE could be an interesting investment vehicle, but only when it trades at a discount to NAV. I am focusing on Poland and Hungarian ADRs for the time being.

Central And Eastern Europe Fund: Making A Concentrated Bet On Poland And Hungary

Cornerstone Total Return Fund Inc

Doubleline Opportunistic Credit Fund

Eaton Vance Short Duration Diversified Income Fund

First Trust / Aberdeen Emerging Opportunity Fund

Guggenheim Taxable Municipal Bond & Investment Grade Debt Trust

Gabelli Convertible and Income Securities Fund

Gabelli Multimedia Trust

Gabelli Global Utility & Income Trust

John Hancock Hedged Equity & Income Fund

BlackRock Corporate High Yield Fund

New Ireland Fund Inc

Madison Fund

Virtus AllianzGI Convertible & Income Fund

Virtus AllianzGI Convertible & Income Fund II

Tortoise Energy Independence Fund, Inc.

Nuveen Missouri Quality Municipal Income Fund

Tortoise MLP Fund

RiverNorth/DoubleLine Strategic Opportunity Fund, Inc.

Putnam Municipal Opportunities Trust

Cohen And Steers Total Return Realty Fund

Tortoise Power and Energy Infrastructure Fund

Tortoise Pipeline & Energy Fund

Tortoise Energy Infrastructure

Virtus Total Return Fund

16 out of 23 CEF sectors positive on price and 12 out of 23 sectors positive on NAV last week. Watch for overvalued CEFs as market volatility rises.

Weekly Closed-End Fund Roundup: Tortoise Tender Offers Expiring (October 23, 2022)

NEW YORK--(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 Fun

The Central and Eastern Europe Fund, Inc. Announces Changes to Portfolio Management Team

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) (each, a “Fund,” and, collectively, the “Funds”) announced today the results of their Joint Annual Meetings of Stockholders held on June 23, 2022. With respect to CEE, each of the three Class I Directors nominated by the Board of Directors, Dr. Christopher Pleister, Ms. Hepsen Uzcan and Mr. Christian M. Zügel, was elected to serve for a term of three years and until his or

The Central and Eastern Europe Fund, Inc. and The New Germany Fund, Inc. Announce Results of Each Fund's Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--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 stoc

The Central and Eastern Europe Fund, Inc. Announces the Rescission of the Previously Announced Change to the Fund's Benchmark

NEW YORK--(BUSINESS WIRE)--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 app

The Central and Eastern Europe Fund, Inc. Announces Proposal to Change its Concentration Policy at the Annual Meeting of Stockholders and Related Change to the Fund's Benchmark

NEW YORK--(BUSINESS WIRE)--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 issu

The Central and Eastern Europe Fund, Inc. Provides Updated Portfolio Holdings Information

NEW YORK--(BUSINESS WIRE)--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 c

The Central and Eastern Europe Fund, Inc. Provides Updated Portfolio Holdings Information and Announces a Reduction in Advisory Fees

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) announced today that it has provided its portfolio holdings as of March 2, 2022 at www.dwsfunds.com in light of material changes made to its portfolio due to, among other things, recent and current events in Russia and Ukraine; the imposition of sanctions on Russia and certain Russian companies by the United States, the European Union, the United Kingdom and other countries; and actions taken by the Ru

The Central and Eastern Europe Fund, Inc. Provides Updated Portfolio Holdings

Shares of Central & Eastern Europe Fund Inc. CEE, -12.77% sank another 11.5% in afternoon trading Wednesday toward a 21-year low, after the investment fund said its investment adviser, DWS International GmbH, recommended its clients not make new investments in Russian securities. The fund's shares, which are on track for the lowest close since October 2001, have now tumbled 55.7% since Russia's invasion of Ukraine last Thursday, while the iShares MSCI Russia ETF ERUS, -0.67% has plunged 59.3% over the same time, and the S&P 500 SPX, +2.03% has gained 4.0%.

Central & Eastern Europe Fund sinks to 21-month low after advising not to make new buys of Russian securities

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) today announced that its investment adviser, DWS International GmbH (“DWSI”), has informed it that, until further notice, and in light of the deteriorating conditions affecting Russian issuers, DWSI believes that it is not in the best interests of its actively managed fund clients (including the Fund) to make new investments in Russian securities. For more information on the Fund, visit www.dwsfunds.co

The Central and Eastern Europe Fund, Inc. Provides Further Russia Update

NEW YORK--(BUSINESS WIRE)--In light of current events in Ukraine, The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) is providing the following update. Russia's recent military interventions in Ukraine have led to new sanctions being imposed by the United States, the European Union, the United Kingdom and other countries against Russia and certain Russian companies, and management believes that the ongoing military intervention by Russia in Ukraine may lead to further sanctions.

The Central and Eastern Europe Fund, Inc. Provides Russia Update

NEW YORK--(BUSINESS WIRE)--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, GF's and EEA's total distributions will be paid in stock except that any stockholder of record as of December 30, 2021 may elect to receive such distribution in cash. Details for each

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

News for Central and Eastern Europe Fund ETF (CEE)