Articles from DWS

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 distributions will be paid in cash to the stockholders of record as of December 30, 2024.

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-reaching and include, among others, the freezing of certain Russian assets held by entities, such as the Fund, that are organized in countries viewed as “unfriendly” by the Russian Government.

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-reaching and include, among others, the freezing of certain Russian assets held by entities, such as the Fund, that are organized in countries viewed as “unfriendly” by the Russian Government.

DWS, a leading global asset manager, announced the launch of the Xtrackers Artificial Intelligence and Big Data ETF (NASDAQ: XAIX). This fund aims to provide investors with targeted exposure to companies actively positioning themselves to be the producers of Artificial Intelligence (AI) innovation and Big Data technologies of the future.

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.

The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”) announced today the results of its Annual Meeting of Stockholders held on June 27, 2024.

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.

The New Germany Fund, Inc. (NYSE: GF) (the “Fund”) announced today the results of its Annual Meetings of Stockholders held on June 27, 2024.

The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”). As previously reported, 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-reaching and include, among others, the freezing of certain Russian assets held by entities, such as the Fund, that are organized in countries viewed as “unfriendly” by the Russian Government. The Fund’s investment manager has been monitoring the situation closely and has observed occasional privately negotiated transactions in depositary receipts of non-sanctioned Russian issuers taking place (at prices that are deeply discounted from those taking place through the facilities of the Moscow Stock Exchange). In May 2024, the Fund was successful in selling depositary receipts of one non-sanctioned Russian issuer in such a privately negotiated transaction resulting in positive impact to the Fund’s net asset value.

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and, collectively, the “Funds”) announced that the Annual Meeting of Shareholders for each Fund will be held on September 20, 2024 at the offices of DWS Investment Management Americas, Inc., 100 Summer Street, Boston, Massachusetts. Holders of record of common shares and preferred shares of the Funds at the close of business on August 2, 2024 are entitled to vote at the Annual Meeting and any adjournments or postponements thereof.

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 declared the distributions set forth below. GF’s and EEA’s total distributions will be paid in cash to the stockholders of record as of May 24, 2024.

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, 2024 are entitled to vote at the meeting and any postponements or adjournments thereof. At the meeting, stockholders of each Fund will consider the election of Directors and approval of auditors.

The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”) announced today that the Annual Meeting of Stockholders for the Fund will be held at 10:30 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 Fund at the close of business on May 2, 2024 are entitled to vote at the meeting and any postponements or adjournments thereof. At the meeting, stockholders of the Fund will consider the election of Directors and approval of auditors. In addition, stockholders of the Fund will be asked to consider a stockholder proposal if it is properly presented at the meeting. Details of the proposal will be set forth in a proxy statement expected to be mailed to stockholders in May.

DWS, one of the world's leading asset managers, announced today the listing of its first actively-managed exchange-traded fund (ETF), the Xtrackers RREEF Global Natural Resources ETF (NASDAQ: NRES) (the “Fund”). The Fund is designed to provide investors with exposure to global natural resources (GNR) companies primarily through investments in equity and equity related securities. The Fund seeks total return from both capital appreciation and current income and, as an actively managed ETF, does not seek to replicate the performance of a specific index.

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 29, 2023 may elect to receive such distribution in cash. GF’s total distributions will be paid in cash to the stockholders of record as of December 29, 2023.

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 Strenger as the Chairman of each Fund’s Board effective January 1, 2024, rather than Mr. Walter C. Dostmann, as previously announced. Mr. Dostmann will continue to serve as a Director for the Funds.

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and together, the “Funds”) each announced that, effective as of today, the rate period termination date and the early term redemption date of the Fund’s currently outstanding Variable Rate MuniFund Term Preferred Shares, Series 2020-1 (“Series 2020-1 VMTPS”) have been extended to November 10, 2026 and May 10, 2027, respectively. In addition, effective November 16, 2023, the fixed spread component of the Series 2020-1 VMTPS dividend rate will be increased by seven basis points. Series 2020-1 VMTPS dividends are set weekly at a fixed spread (dependent on the then current ratings of the Series 2020-1 VMTPS) over the Securities Industry and Financial Markets Association Municipal Swap Index. Except for the above-described extensions, dividend rate increase and related technical amendments, the material terms and conditions of each Fund’s Series 2020-1 VMTPS remain the same. DWS Municipal Income Trust’s total Series 2020-1 VMTPS liquidation preference remains at its current level of $190,000,000, and DWS Strategic Municipal Income Trust’s total Series 2020-1 VMTPS liquidation preference remains at its current level of $60,000,000.1

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund” and collectively, the “Funds”) announced today the results of the 2023 Joint Annual Meeting of Shareholders of the Funds held on September 29, 2023.

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and collectively, the “Funds”) each announced today that its respective Board of Trustees has extended the Fund’s existing open market share repurchase program for an additional twelve-month period. Each Fund may continue to purchase outstanding shares of beneficial interest in open-market transactions over the twelve-month period from December 1, 2023 until November 30, 2024 when the Fund’s shares trade at a discount to net asset value (“NAV”). The amount and timing of the repurchases will be at the discretion of DWS Investment Management Americas, Inc. (“DIMA”), the Funds’ investment adviser, and subject to market conditions and investment considerations. DIMA will seek to purchase shares at prices that will be accretive to each Fund’s NAV.

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 outstanding) for the twelve month period from August 1, 2023 through July 31, 2024. Repurchases will be made from time to time when they are believed to be in the best interests of a Fund. Repurchases will not be made when a Fund’s shares are trading at a premium to net asset value, which is currently the case for the shares of CEE.

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and, collectively, the “Funds”) announced that (i) the Annual Meeting of Shareholders for each Fund initially scheduled to be held on September 15, 2023 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, NY 10022 will now be held on September 29, 2023 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, NY 10022; and (ii) the record date for determining those holders of record of common shares and preferred shares of the Funds entitled to vote at the Annual Meeting and any adjournments or postponements thereof has changed from the close of business on July 28, 2023 to the close of business on August 21, 2023.

The European Equity Fund, Inc. (NYSE: EEA) (the “Fund”) announced today the results of its Annual Meeting of Stockholders held on June 22, 2023.

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.

The New Germany Fund, Inc. (NYSE: GF) (the “Fund”) announced today the results of its Annual Meetings of Stockholders held on June 22, 2023.

The New Germany Fund, Inc. (NYSE: GF) (the “Fund”) announced today that Daniel Hann will replace Alexander Lippert as the Fund’s deputy portfolio manager effective June 1, 2023. Leon Cappel will continue to serve as the Fund’s portfolio manager.

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and, collectively, the “Funds”) announced that the Annual Meeting of Shareholders for each Fund will be held on September 15, 2023 at the offices of DWS Investment Management Americas, Inc., 875 Third Avenue, New York, NY 10022. Holders of record of common shares and preferred shares of the Funds at the close of business on July 28, 2023 are entitled to vote at the Annual Meeting and any adjournments or postponements thereof.

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 declared the distributions set forth below. GF’s and EEA’s total distributions will be paid in cash to any stockholder of record as of May 15, 2023.

DWS, one of the world’s leading asset managers, announced today the appointment of George Catrambone as Head of Fixed Income, Americas. In his new role, Mr. Catrambone will be responsible for overseeing DWS’s Active Fixed Income platform and developing actively managed solutions to meet investor’s needs. Mr. Catrambone, a 17-year veteran of DWS, has a proven track record of risk management, operational excellence, and building scalable processes and businesses to further unlock their growth potential. His appointment is effective immediately.

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. Holders of shares of common stock of record of the Funds at the close of business on April 28, 2023 are entitled to vote at the meeting and any postponements or adjournments thereof. At the meeting, stockholders of each Fund will consider the election of Directors and approval of auditors.

DWS, one of the world’s leading asset managers, announced today the listing of Xtrackers MSCI USA Climate Action Equity ETF (NYSE: USCA) (the “Fund”). The Fund is designed for investors seeking exposure to large and mid-cap companies in the United States that are leading their sector peers in taking actions relating to climate transition.

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, 2022 may elect to receive such distribution in cash. GF’s total distributions will be paid in cash to the stockholders of record as of December 30, 2022.

The DWS closed-end funds listed below announced today their regular monthly distributions.

RREEF Property Trust, Inc. (NASDAQ: ZRPTAX; ZRPTIX; ZRPTTX, ZRPTMX, ZRPTUX), a publicly registered, daily NAV REIT that is advised by DWS through an affiliate, has acquired a 100 percent interest in the Class D Certificate (“Class D” or “B Piece”) and the related interest-only securities of a fixed rate Freddie Mac Multifamily CMBS Securitization known as FREMF 2021-K150 (“K150”) for a total investment of approximately $30.9 million.

The DWS closed-end funds listed below announced today their regular monthly distributions.

The DWS closed-end funds listed below announced today their regular monthly distributions.

The DWS closed-end funds listed below announced today their regular monthly distributions.

The DWS closed-end funds listed below announced today their regular monthly distributions.

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 622,066, 708,104 and 1,756,928 shares, respectively (representing approximately 10% of each Fund’s current shares outstanding) for the twelve month period from August 1, 2022 through July 31, 2023. Repurchases will be made from time to time when they are believed to be in the best interests of a Fund. Repurchases will not be made when a Fund’s shares are trading at a premium to net asset value, which is currently the case for the shares of CEE.

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 Fund’s deputy portfolio manager.

The DWS closed-end funds listed below announced today their regular monthly distributions.

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.

The DWS closed-end funds listed below announced today their regular monthly distributions.

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and, collectively, the “Funds”) announced that the Annual Meeting of Shareholders for each Fund will be held on September 23, 2022 at the offices of DWS Investment Management Americas, Inc., 100 Summer Street, Boston, MA 02110. Holders of record of common shares and preferred shares of the Funds at the close of business on August 5, 2022 are entitled to vote at the Annual Meeting and any adjournments or postponements thereof.

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 declared the distributions set forth below. GF’s and EEA’s total distributions will be paid in stock except that any stockholder of record as of May 16, 2022 may elect to receive such distribution in cash.

The DWS closed-end funds listed below announced today their regular monthly distributions.

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 23, 2022 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 April 29, 2022 are entitled to vote at the meeting and any postponements or adjournments thereof. At the meeting, stockholders of each Fund will consider the election of Directors and approval of auditors.

The DWS closed-end funds listed below announced today their regular monthly distributions.

In light of current events in Ukraine, The Central and Eastern Europe Fund, Inc. (NYSE: CEE) (the “Fund”) is providing the following update.

The DWS closed-end funds listed below announced today their regular monthly distributions.

Today the Los Angeles Lakers and DWS announced a multi-season global sponsorship agreement making DWS the Official Global Investment Sponsor of the team. DWS is one of the leading asset managers and is geared for further growth around the globe, with 1.1 trillion dollars of assets currently under management.

Xtrackers by DWS marks a decade of innovation and commitment to sustainable investing in the U.S. exchange-traded fund (ETF) market this month.

DWS, one of the world’s leading asset managers, announced that Stephane Jeannin has joined the firm as an Equity Portfolio Manager. He joins the Americas active equities team and reports to Sebastian Werner, Head of Americas Growth Equities Investment Strategy.