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

FOXBusiness.com FOX Business Network - The Power to Prosper

The Central Europe, Russia and Turkey Fund, Inc. and The New Germany Fund, Inc. Announce Upcoming Tender Offers Jun 25th 2013, 17:15 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 Fund on the next business day after the date on which the offer expires.

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