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

Bulldog Investors LLP boosted its position in shares of The Central and Eastern Europe Fund, Inc. (NYSE:CEE) by 440.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 72,345 shares of the closed-end fund’s stock after buying 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 institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. bought a new stake in The Central and Eastern Europe Fund in the 2nd quarter worth $128,000. XTX Topco Ltd bought a new position in shares of The Central and Eastern Europe Fund during the second quarter valued at about $179,000. Raymond James Financial Inc. raised its stake in shares of The Central and Eastern Europe Fund by 8.4% during the second quarter. Raymond James Financial Inc. now owns 16,689 shares of the closed-end fund’s stock valued at $259,000 after acquiring an additional 1,291 shares during the last quarter. Finally, Silver Point Capital L.P. boosted its holdings in shares of The Central and Eastern Europe Fund by 9.6% during the second quarter. Silver Point Capital L.P. now owns 55,900 shares of the closed-end fund’s stock worth $868,000 after purchasing an additional 4,900 shares during the period. Hedge funds and other institutional investors own 34.41% of the company’s stock.

The Central and Eastern Europe Fund Price Performance

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

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.