Germany Funds
New York, December 11, 2006 -- The Central Europe and Russia Fund, Inc. (CEE) announced today that its Board of Directors declared a distribution of $0.584 per share payable from net investment income, $1.94 per share payable from short-term capital gains and $2.992 per share payable in long-term capital gains for a total distribution of $5.516 payable in stock (valued at the New York Stock exchange closing price on the payable date) with an option to receive cash.
The record date is December 21, 2006 and the payable date will be December 28, 2006. The shares will trade "ex-dividend" on December 19, 2006.
The Central Europe and Russia Fund, Inc. is a non-diversified, closed-end investment company seeking long term capital appreciation primarily through investment in equity and equity-linked securities of issuers domiciled in Central Europe and Russia. Its shares are listed on the NYSE under the symbol "CEE".
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