 New Germany Fund Reports Strong First Quarter, Announces Annual Meeting
Germany Funds
New York, April 11, 2006 -- The New Germany Fund, Inc. (GFG) today announced continued strong performance for the first quarter of 2006, with an NAV return of 26.26% and market price return of 27.38% as of March 31, 2006 (in each case, not annualized).
The Fund again outperformed its benchmark, the Midcap Market Performance Index, which returned 22.13 % for the same period. Standardized performance returns can be found in the chart below.
Separately, the Fund announced today that its annual meeting of stockholders will be held at 11:00 am (New York time) on June 20, 2006 at the offices of Deutsche Bank AG, 345 Park Avenue, New York, New York 10154.
Only holders of record of the Fund's Common Stock at the close of business on April 21, 2006 will be entitled to notice of, and to vote at, the annual meeting of stockholders of the Fund. The Fund is managed and advised by members of the Deutsche Bank Group.
The New Germany Fund, Inc. is a non-diversified; closed-end investment company seeking capital appreciation primarily through investment in middle market German equities. The Fund may invest up to 35% of its assets in large cap German companies, and up to 20% in other Western European companies (with no more than 10% in any single country). Its shares are listed on the New York Stock Exchange under the symbol "GF".
If you would like more information on Germany Funds or Closed-End Funds link to our Advantages of Closed-End Fund Investing.
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