The New Germany Fund Announces Election of Board Members and Audit Firm Ratification

The New Germany Fund, Inc. announced the results of its Annual Meeting of Stockholders. Fiona Flannery and Holger Hatje were elected as Class I Directors. The fund previously ratified Ernst & Young LLP as independent auditors for its 2025 fiscal year. The fund's investments in Germany increase its vulnerability to country-specific risks and market fluctuations. Closed-end funds like New Germany Fund may trade at a discount to net asset value.

New York, July 2, 2025 - The New Germany Fund, Inc. (NYSE: GF) (the "Fund") has announced the results of its Annual Meeting of Stockholders, which was initially called to order and adjourned on June 30, 2025, and reconvened on July 18, 2025 [1]. The meeting saw the election of two Class I Directors, Fiona Flannery and Dr. Holger Hatje, who will serve for a term of three years and until their successors are elected and qualify [1].

Additionally, the Fund previously announced the ratification of Ernst & Young LLP as the independent auditors for the Fund's 2025 fiscal year [1]. This appointment was made prior to the adjournment of the meeting on June 30, 2025.

The New Germany Fund is a diversified investment fund that primarily focuses its investments in Germany, which increases its vulnerability to developments in that country. Investing in foreign securities, particularly of emerging markets, presents risks such as currency fluctuations, political and economic changes, and market risks [1]. Closed-end funds like the New Germany Fund are not continuously offered and may trade at a discount to net asset value due to various factors beyond the control of the fund [1].

The Fund also highlighted the potential impact of geopolitical events such as war, terrorism, sanctions, economic uncertainty, trade disputes, and public health crises on the global economy and markets, which could lead to increased market volatility and adverse effects on the fund and its investments [1]. Despite these risks, the Fund remains committed to its investment strategy and continues to monitor market conditions and geopolitical developments.

For further information, investors and financial professionals are encouraged to review the Fund's latest financial reports and SEC filings. The Fund's website and investor relations section provide detailed information about its investment strategy, portfolio composition, and risk factors.

References:
[1] https://www.businesswire.com/news/home/20250718359457/en/The-New-Germany-Fund-Inc.-Announces-Results-of-the-Funds-Annual-Meeting-of-Stockholders