The Central and Eastern Europe Fund, Inc. announces a Decrease in Equity Buyback.
July 26, 2019 at 12:00 am EDT
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On July 26, 2019, the company announced a decrease in its equity buyback plan. The company decreased its authorization by 17,000 shares, thereby bringing the total authorization to 677,000 shares. The company also announced that it has extended its plan duration till July 31, 2020.
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.
THE CENTRAL AND EASTERN EUROPE FUND, INC. 
