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The
European Equity Fund(NYSE: EEA), The New Germany Fund
(NYSE: GF) and The Central Europe and Russia Fund (NYSE: CEE) offer investors potential value and international diversification. All three Funds are listed on the New York Stock Exchange and are managed by the Deutsche Bank Group.
The European Equity Fund, Inc. is a diversified, closed-end management investment company. The Fund seeks long term
capital appreciation through investment primarily (normally at least 80% of its assets) in equity and equity linked securities of
companies domiciled in countries utilizing the Euro currency. The Fund may also invest up to 20% of its assets in securities of
issuers domiciled in European countries that do not use the Euro currency. Its benchmark is the MSCI-EMU Index, which is an unmanaged
capitalization-weighted index.
The New Germany Fund invests primarily in the Mittelstand - an important group of small and mid-cap German companies. Its benchmark is now the new Midcap Market Performance Index, calculated by the Deutsche Börse. It may invest up to 35% of its assets in large-cap. German companies, and up to 20% in other Western European companies.
The Central Europe and Russia Fund primarily invests in Central European and Russian equities. Its benchmark is comprised of 45% CECE (Central Europe), 45% RTX (Russia), and 10% ISE National 30 (Turkey) effective April 1, 2004. It offers value and growth to investors seeking exposure to these markets that have lower price-to-earnings' than the developed markets.
These funds may focus its investments in certain geographical regions, thereby increasing its vulnerability to developments in that region. Investing in foreign securities present certain risks, such as currency fluctuations, political and economic changes and market risks. This may result in greater share price volatility.
Glossary of Indices
MSCI-EMU Index - is an unmanaged capitalization-weighted index.
Midcap Market Performance Index - is a total return index that is composed of various MDAX and TecDAX issues, reflecting the performance of the mid-caps across all sectors of the Prime Segment.
CECE Index - is a regional capitalization-weighted index including stocks from the Czech Republic, Hungary and Poland and is published daily by the Vienna Stock Exchange as well.
RTX Index - is a capitalization-weighted index of Russian blue chip stocks and published daily by the Vienna Stock Exchange.
ISE National 30 Index - is a capitalization-weighted index composed of National Market companies except investment trusts and will also be used for trading in the Derivatives Market.
Indices are not available for direct investment.
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| Tax Year |
European Equity Fund** |
New Germany Fund |
Central Europe & Russia Fund |
| 2007* |
$0.25 |
$0.34 |
$0.00 |
| 2006 |
$0.38 |
$0.205 |
$5.516 |
| 2005 |
$0.06 |
$0.55 |
$3.052 |
| 2004 |
$0.064 |
$0.28 |
$0.17 |
| 2003 |
$0.00 |
$0.025 |
$0.22 |
| 2002 |
$0.01 |
$0.00 |
$0.00 |
| 2001 |
$0.08 |
$0.00 |
$0.23 |
| 2000 |
$2.49 |
$1.73 |
$0.00 |
| 1999 |
$1.75 |
$1.07 |
$0.00 |
| 1998 |
$3.84 |
$3.66 |
$0.16 |
| 1997 |
$3.16 |
$2.32 |
$6.57 |
| 1996 |
$1.19 |
$1.40 |
$2.28 |
| 1995 |
$1.06 |
$0.41 |
$0.38 |
Fund shares are not FDIC-insured and are not deposits or other obligations of, or guaranteed by, any bank.
Fund shares involve investment risk, including possible loss of principal.
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.
Performance is historical, assumes reinvestment of all dividend and capital gain distributions and does
not guarantee future results. Investment return and principal value fluctuate with changing market conditions,
so that, when sold, shares may be worth more or less that the original cost. Current performance may be lower
or higher than the performance data quoted.
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 Latest Fact Sheets
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European Equity Fund
(NYSE: EEA)
Formerly Germany Fund, Inc. |
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September 2008
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Press Releases
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