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The Central Europe and Russia Fund, Inc. Announces Final Results of Tender Offer

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The Central Europe and Russia Fund, Inc. Announces Final Results of Tender Offer NEW YORK--(BUSINESS WIRE)--The Central Europe and Russia Fund, Inc. (NYSE: CEE) (the “Fund” or “CEE”) announced today that, in accordance with its tender offer for up to 5% of its issued and outstanding shares of common stock, which offer expired at 5:00 p.m. Eastern time on March 12, 2013, the Fund has accepted 654,331 properly tendered shares at a price per share equal to 98% of the Fund’s net asset value (“NAV”) as determined on March 13, 2013. The Fund normally calculates its NAV per share a Reported by Business Wire 52 minutes ago.

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