European Equity Fund Inc Approves Distributions, Payable on 28 June 2019
May 13, 2019 at 11:51 pm IST
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The boards of directors of the European Equity Fund Inc. approved the distributions of USD 0.2906 per share, respectively. Total distributions will be paid in stock stockholders of record as of 20 May 2019 on 28 June 2019 and the ex-distribution date is 17 May 2019. Also, the shareholders of record may elect to receive such distribution in cash and have to elect to do so.
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.