The European Equity Fund, Inc. announces a Decrease in Equity Buyback.
July 26, 2019 at 05:00 am
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On July 26, 2019, the company announced a decrease in its equity buyback plan. The company will now repurchase up to 767,000 shares. The plan has also been extended till July 31, 2020.
The European Equity Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation through investment primarily in equity and equity-linked securities of issuers domiciled in Europe. This Fund is diversified and primarily focuses its investments on equity securities of issuers domiciled in Europe, thereby increasing its vulnerability to developments in that region. It invests in various sectors, such as banks, beverages, building products, construction and engineering, insurance, media, information technology (IT) services, oil, gas and consumable fuels, pharmaceuticals, professional services, textiles, apparel and luxury goods, air freight and logistics, chemicals, diversified telecommunication services, semiconductors and semiconductor equipment, software, commercial services and supplies and others. DWS International GmbH is the investment adviser of the Fund.
THE EUROPEAN EQUITY FUND, INC. 
