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NEW YORK - The New Germany Fund, Inc. (NYSE:GF), a $194 million closed-end fund currently trading near its 52-week high of $12.47, announced Friday that stockholders elected two Class I Directors at its reconvened Annual Meeting of Stockholders. According to InvestingPro data, the fund has delivered impressive returns of over 51% in the past six months.
Ms. Fiona Flannery and Dr. Holger Hatje were elected to serve three-year terms on the Fund’s Board of Directors. The meeting, which was initially called to order and adjourned on June 30, was reconvened on July 18.
The Fund had previously announced that stockholders ratified the appointment of Ernst & Young LLP as the independent auditors for the Fund’s 2025 fiscal year during the initial meeting on June 30.
The New Germany Fund is a diversified closed-end fund that primarily focuses its investments in Germany. Unlike open-end funds, closed-end funds are not continuously offered, and shares are sold in the open market through a stock exchange.
The announcement was made in a press release statement issued by the Fund.
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