Bulldog Investors LLP Acquires 58,971 Shares of The Central and Eastern Europe Fund, Inc. $CEE

Bulldog Investors LLP increased its holdings in The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 440.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 72,345 shares of the closed-end fund’s stock after acquiring an additional 58,971 shares during the quarter. Bulldog Investors LLP’s holdings in The Central and Eastern Europe Fund were worth $1,111,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CEE. Silver Point Capital L.P. increased its position in The Central and Eastern Europe Fund by 9.6% during the 2nd quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock valued at $868,000 after purchasing an additional 4,900 shares during the period. Raymond James Financial Inc. lifted its position in shares of The Central and Eastern Europe Fund by 68.3% in the 3rd quarter. Raymond James Financial Inc. now owns 28,086 shares of the closed-end fund’s stock worth $431,000 after purchasing an additional 11,397 shares during the period. XTX Topco Ltd bought a new stake in shares of The Central and Eastern Europe Fund during the 2nd quarter valued at about $179,000. Finally, Osaic Holdings Inc. bought a new stake in shares of The Central and Eastern Europe Fund during the 2nd quarter valued at about $128,000. Institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Trading Down 1.4%

Shares of NYSE CEE opened at $17.74 on Friday. The Central and Eastern Europe Fund, Inc. has a 1 year low of $11.20 and a 1 year high of $19.98. The company’s 50-day moving average is $18.77 and its 200 day moving average is $17.05.

The Central and Eastern Europe Fund Increases Dividend

The company also recently disclosed an annual dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, December 30th were given a dividend of $0.3871 per share. This represents a yield of 217.0%. The ex-dividend date of this dividend was Tuesday, December 30th. This is a positive change from The Central and Eastern Europe Fund’s previous annual dividend of $0.35.

About The Central and Eastern Europe Fund

The Central and Eastern Europe Fund, Inc (NYSE: CEE) is a closed-end management investment company that seeks to provide shareholders with long-term growth of capital and a high level of current income. Since its initial public offering in 1994, the fund has focused on equity and equity-related securities of companies operating in Central and Eastern Europe. Shares of CEE are traded on the New York Stock Exchange, offering U.S. investors direct exposure to the economic growth and development of this dynamic region.

CEE’s investment strategy combines a macroeconomic top-down framework with rigorous bottom-up security selection.