The New Germany Fund, Inc. Announce Results of Annual Meetings of Stockholders

NEW YORK--()--The New Germany Fund, Inc. (NYSE:GF) (the “Fund”) announced today the results of its Annual Meeting of Stockholders initially called to order and adjourned on June 30, 2016 and reconvened on July 21, 2016 and August 4, 2016, respectively.

Each of the three Class I Directors nominated by the Board of Directors, Mr. Detlef Bierbaum, Mr. Walter C. Dostmann and Mr. Christian Strenger was elected to serve for a term of three years and until his respective successor is elected and qualifies.

Stockholders also ratified the appointment of PricewaterhouseCoopers LLP as the independent auditors for the Fund for its 2016 fiscal year.

A copy of the portfolio manager’s presentation from the meeting is posted to the Fund’s website at deutschefunds.com or call (800) 349-4281 or 00-800-2287-2750 from outside the US.

Important Information

The New Germany Fund, Inc. is a diversified, closed-end investment company seeking capital appreciation primarily through investment in equity or equity-linked securities of small and mid-cap German companies. The Fund may invest up to 35% of its assets in large cap German companies and up to 20% in non-German companies (with no more than 15% in any single country).

Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests more broadly.

The shares of most closed-end funds, including the Funds, are not continuously offered. Once issued, shares of closed-end funds are bought and sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of a fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, a fund cannot predict whether its shares will trade at, below, or above net asset value.

Investments in funds involve risk. Additional risks of the Fund are associated with international investing, such as currency fluctuations, political and economic changes, market risks, government regulations and differences in liquidity, which may increase the volatility of your investment. Foreign security markets generally exhibit greater price volatility and are less liquid than the US market. Additionally, the Fund focuses its investments in certain geographical regions, thereby increasing their vulnerability to developments in that region and potentially subjecting the Funds’ shares to greater price volatility. Some funds have more risk than others. These include funds, such as the Fund, that allow exposure to or otherwise concentrate investments in certain sectors, geographic regions, security types, market capitalization, or foreign securities (e.g., political or economic instability, which can be accentuated in emerging market countries).

The European Union, the United States and other countries have imposed sanctions on Russia as a result of the Russian military intervention in the Ukraine. These sanctions have adversely affected Russian individuals, issuers and the Russian economy, and Russia, in turn, has imposed sanctions targeting Western individuals, businesses and products, including food products. The various sanctions have adversely affected, and may continue to adversely affect, not only the Russian economy, but also the economies of many countries in Europe, including Germany. Potential developments in the Ukraine, and the continuation of current sanctions or the imposition of additional sanctions may materially adversely affect the value of the Funds’ portfolios.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like “expect,” “anticipate,” “believe,” “intend,” and similar expressions. Such statements represent management’s current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Deutsche Asset Management represents the asset management activities conducted by Deutsche Bank AG or any of its subsidiaries. (R-047607-1 8/16)

Contacts

For additional information:
Deutsche Bank Press Office, 212-250-7171
Shareholder Account Information, 800-294-4366
Deutsche Closed-End Funds, 800-349-4281 or 00-800-2287-2750 from outside the U.S.

Contacts

For additional information:
Deutsche Bank Press Office, 212-250-7171
Shareholder Account Information, 800-294-4366
Deutsche Closed-End Funds, 800-349-4281 or 00-800-2287-2750 from outside the U.S.