Dr. Wilhelm Bender Plans to Retire from the Board of Directors of The New Germany Fund, Inc
May 20, 2019 at 11:02 am EDT
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The New Germany Fund, Inc. at the AGM to be held on June 20, 2019, announced that Dr. Wilhelm Bender, a Class II Director who has served on the company's Board of Directors since 2013, plans to retire from the Board by the end of 2019.
The New Germany Fund, Inc. (the Fund) is a diversified, closed-end management investment company. The Fund seeks long-term capital appreciation primarily through investment in middle-market German equities. The focus of the Fund's investments lies within Germany. Under normal market conditions at least 80% of the Fundâs net assets are invested in equity or equity-linked securities. The Fund invests in range of sectors, which include aerospace and defense; auto components; automobiles; banks; building products; chemicals; electrical equipment; independent power and renewable electricity producers; insurance; Internet and direct marketing retail; information technology (IT) services, life sciences tools and services; metals and mining; real estate management and development; software; textiles, apparel and luxury goods; trading companies and distributors; diversified financial services; commercial services and supplies, and others. The Fund's investment advisor is DWS International GmbH.
THE NEW GERMANY FUND, INC. 
