The Central Europe, Russia and Turkey Fund, Inc. announces an Increase in Equity Buyback.
July 31, 2017 at 12:00 am
Share
On July 31, 2016, the company announced an increase in its equity buyback plan. The company will now repurchase up to 736,000 shares. The plan has also been extended till July 31, 2018.
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. 
