Dr. Wilhelm Bender Intends to Retire from the Board of Directors of The Central and Eastern Europe Fund, Inc
May 20, 2019 at 11:02 am EDT
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The Central and Eastern Europe Fund, Inc. at the AGM to be held on June 20, 2019, announced that Dr. Wilhelm Bender, a Class I Director who has served on the company's Board of Directors since 2013, is retiring from the Board and, as a result, is not proposed in this Proxy Statement for election.
The Central and Eastern Europe Fund, Inc. (the fund) is a non-diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment in equity or equity-linked securities of issuers domiciled in Central and Eastern Europe. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings used for investment purposes) in securities of issuers domiciled in Central and Eastern Europe. The Fund invests in various sectors, such as banks; diversified telecommunication services; electric utilities; food and staples retailing; metals and mining; oil, gas, and consumable fuels; wireless telecommunication services; insurance; media; airlines, chemicals, and pharmaceuticals; entertainment; interactive media and services, information technology (IT) services; insurance, and textiles, apparel, beverages, and luxury goods. DWS International GmbH is the investment advisor of the Fund.