Germany Funds
New York, June 21, 2006 -- The New Germany Fund, Inc. (GF) announced that its 2006 Annual Meeting of Stockholders was held on Tuesday, June 20, 2006, following a determination by the independent inspectors of election for the Meeting that a quorum of stockholders was present in person or represented by proxy.
At the meeting, stockholders voted on the five proposals described in the Fund's proxy materials dated April 20, 2006: the election of directors, ratification of auditors and three stockholder proposals. The director election and the stockholder proposals were contested matters.
Stockholder votes currently are being counted and verified. Certified results are expected from the independent inspectors of election within the next one to three weeks. The voting results will be announced at that time.
The New Germany Fund, Inc. is a non-diversified, closed-end investment company seeking capital appreciation primarily through investment in the Mittelstand - an important group of small and mid-cap German companies. The Fund may invest up to 35% of its assets in large cap German companies, and up to 20% in other Western European companies. Its shares are listed on the New York Stock Exchange under the symbol "GF".
The Fund is non-diversified and can take larger positions in fewer companies, increasing its overall risk profile. Investments in securities of foreign issuers present greater risks including currency fluctuations and changes in political/economic conditions. Foreign securities markets generally exhibit greater price volatility and less liquidity than the US markets.
View more information on Germany Funds or other Closed-End Funds.
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