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 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 EEA's total distributions will be paid in stock except that any stockholder of record as of December 30, 2024 may elect to receive such distribution in cash. GF's total distribution.

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

NEW YORK--(BUSINESS WIRE)--The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”). As previously reported, certain of the Fund's Russian holdings have been valued at zero since March 14, 2022 in light of measures adopted by the Russian Central Bank and Government, as well as sanctions implemented by the United States and other countries in response to Russia's invasion of Ukraine. The effects of the sanctions and measures adopted by the Russian Central Bank and Government are far-re.

The Central and Eastern Europe Fund, Inc. Provides Update on Developments Regarding Russian Holdings

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

Vanguard FTSE Developed Markets ETF

Vanguard FTSE Europe ETF

Vanguard FTSE Emerging Markets ETF

Vanguard Total International Stock ETF

The election victory has fueled a strong rally in US equities, but Trump's comeback is seen as a new risk factor elsewhere as Washington prepares to pivot to new edition of an “America First” policy. The latest surge in US shares has widened the lead for SPDR S&P 500 ETF (SPY) year to date.

The Trump Factor Takes A Toll On Foreign Stocks

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 open market share repurchase program for an additional twelve-month period. Each Fund may continue to purchase outstanding shares of its common stock in open.

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

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 which was initially called to order and adjourned on June 27, 2024 and reconvened on July 19, 2024. Both of the two Class III Directors nominated by the Board of Directors, Dr. Holger Hatje and Dr. Wolfgang Leoni, were elected at the reconvened meeting, to serve for a term of three years and until his respective successor is elected and.

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

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 27, 2024. Stockholders ratified the appointment of Ernst & Young LLP as the independent auditors for the Fund for its 2024 fiscal year. The nominees for election as directors of the Fund had not received sufficient votes to be elected. Therefore, the meeting was adjourned to July 19, 2024 at 2:00 p.m. at the offices of D.

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

AMSTERDAM--(BUSINESS WIRE)--Regulatory News: CTP, Europe's largest listed developer, owner, and manager of industrial and logistics properties by gross lettable area (GLA), has acquired from Globalworth, the leading office investor in Central and Eastern Europe (CEE), an industrial portfolio of 270,000 sqm GLA and 30ha landbank in six key locations in Romania. The portfolio is comprised of six industrial parks providing an appropriate mixture of locations in the vicinity of CTP's parks (Buchare.

CTP Expands in Romania With 270,000 sqm Warehouse and 30HA Landbank Acquisition

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 27, 2024 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, New York 10022. Holders of shares of common stock of record of the Funds at the close of business on May 2, 202.

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

The recently proposed plan offer for Western institutional investors to swap their frozen investments in Russia for Western stocks currently held by Russian retail investors could be bullish for CEE. The CEE's NAV is now trading at the level of the CEF price. The potential to return to the old premium alone offers the chance of 20-25% growth. If there's an opportunity to get rid of its written-off Russian assets, CEE's upside could be a multiple of that.

CEE: The Russian Catalyst Is Back (Rating Upgrade)

SPDR S&P 500 ETF Trust

Vanguard Total World Stock ETF

Vanguard Total Stock Market ETF

World stocks that hold US shares are up 1.6% year to date while foreign equities ex-US are down 1.5% in 2024. The Japanese stock market was a strong competitor vis-à-vis US shares last year too.

American Stocks Continue To Lead Global Equities Ex-U.S. In 2024

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

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

Virtus Stone Harbor Emerging Markets Income Fund 

Stone Harbor Emerging Markets Total Income Fund

Gabelli Equity Trust

Franklin 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

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

Franklin 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

BNY Mellon 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

News for Central and Eastern Europe Fund ETF (CEE)