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 announced today that its Board of Directors has approved an extension of the current repurchase authorization permitting EEA, GF and CEE to repurchase up to 745,000, 1,573,000, and 667,000 shares, respectively for the twelve month period from August 1, 2020 through July 31, 2021. Repurchases will be made from time to time when they are believed to be in the best interests of a Fund.

In addition, each Fund announced that its Board continues to reserve its discretion to determine if it would be appropriate to initiate a tender offer during the twelve month period from August 1, 2020 through July 31, 2021. Each Board intends to continue to consider this matter on a regular basis.

For more information on each Fund, including the most recent month-end performance, visit www.dwsfunds.com or call (800) 349-4281.