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The Central Europe and Russia Fund, Inc. to Seek Stockholder Approval of Change to the Fund’s Investment Objective and Related Fundamental Policy

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NEW YORK--(BUSINESS WIRE)--The Central Europe and Russia Fund, Inc. (NYSE: CEE) (the “Fund” or “CEE”) announced that the Fund’s Board of Directors approved, and recommended to stockholders for their approval at a special meeting of stockholders to be held on April 19, 2013, a change to the Fund’s investment objective from “seeking long-term capital appreciation primarily through investment in equity and equity-linked securities of issuers domiciled in Central Europe and Russia” to “seeking long-

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