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The Central Europe and Russia Fund, Inc. Announces Increased Repurchase Authorization, New Benchmark, and Change in Investment Policy.

Publication: Economics Week
Publication Date: 14-AUG-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
The Central Europe and Russia Fund, Inc. (NYSE: CEE) (the "Fund") announced that since November 1, 2008 it has repurchased 863,800 shares of its common stock, and that its Board of Directors has authorized the repurchase of up to 1,500,000 additional shares during the period August 1, 2009 - July 31, 2010. Purchases will be made when it is believed that such repurchases are advantageous to the Fund. The Fund further announced that going forward it will provide monthly updates concerning its repurchase program on its website at www.dws-investments.com.

The Fund also announced a change in the Fund's benchmark...

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