The Central and Eastern Europe Fund, Inc.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Alyssa Asbury
- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 875 Third Avenue New York NY United States of America 10022-6225
- IPO Date
- Feb 28, 1990
- CIK
- 0000860489
- Website
- fundsus.deutscheam.com
- Similar Companies
- Business
- The Central and Eastern Europe Fund, Inc. (NYSE: CEE) is a closed-end management investment company that seeks long-term capital appreciation primarily through investments in equity and equity-linked securities of issuers domiciled in Central and Eastern Europe, encompassing 24 countries including Albania, Austria, Belarus, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Estonia, North Macedonia, Germany, Hungary, Latvia, Liechtenstein, Lithuania, Moldova, Montenegro, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Switzerland, and Ukraine; the fund maintains a non-diversified portfolio with significant allocations across 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 services, textiles, apparel, beverages, and luxury goods. Managed by DWS International GmbH with portfolio managers Sylwia Szczepek and Sebastian Kahlfeld, the fund trades on the New York Stock Exchange and targets investors seeking exposure to emerging and developed markets in the region through a disciplined strategy focused on value, growth, and income generation amid economic reforms and market cycles. Established prior to its public listing and headquartered in New York with operational oversight from DWS, a Deutsche Bank subsidiary, the fund operates globally but concentrates geographically in Central and Eastern Europe to capture regional opportunities while navigating risks like currency fluctuations, political instability, sanctions, and sector concentrations particularly in energy. Recent developments include the extension of its share repurchase program through July 31, 2026, authorizing open-market buybacks when shares trade at a discount to net asset value (NAV), alongside board actions electing Ms. Hepsen Uzcan as Class I Director for a three-year term ending in 2028 and ratifying Ernst & Young LLP as independent auditors for fiscal 2025; the fund also progressed on Russian holdings by selling depositary receipts of six non-sanctioned issuers via private transactions in 2024, boosting NAV, and benefited from a $3.6 million net asset increase from Yandex NV's restructuring into Nebius Group N.V. as of October 30, 2024, reflecting ongoing adaptations to sanctions and geopolitical challenges since 2022.
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