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The Central Europe, Russia and Turkey Fund, Inc. and The New Germany Fund, Inc. Announce Upcoming Tender Offers

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The Central Europe, Russia and Turkey Fund, Inc. and The New Germany Fund, Inc. Announce Upcoming Tender Offers NEW YORK--(BUSINESS WIRE)--The Central Europe, Russia and Turkey Fund, Inc. (NYSE: CEE) and The New Germany Fund, Inc. (NYSE: GF) (each, a “Fund,” and together, the “Funds”) announced today that in accordance with each Fund’s Discount Management Program (the “Program”), the Board of Directors of each Fund has approved a cash tender offer for up to 5% of the Fund’s issued and outstanding shares of common stock at a price equal to 98% of its net asset value (“NAV”) per share as determined by the F Reported by Business Wire 3 days ago.

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