The Central Europe, Russia and Turkey Fund, Inc. Announces Board Changes
October 21, 2016 at 10:00 pm
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The Central Europe, Russia and Turkey Fund, Inc. announced that appointment of Dr. Christopher Pleister as Class II Director effective October 21, 2016. Dr. Friedbert Malt will retire as a Class II Director as of October 24, 2016; and Mr. Detlef Bierbaum will retire as a Class I Director effective as of October 24, 2016.
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.