The New Germany Fund, Inc. Approves the Election of Directors
June 24, 2021 at 06:28 pm EDT
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The New Germany Fund, Inc. at its AGM held on June 24, 2021, approved with respect to company, each of the three Class III Directors nominated by the board of directors, Dr. Wolfgang Leoni and Ms. Hepsen Uzcan was elected to serve for a term of three years and until his or her respective successor is elected and qualifies.
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. 
