New Germany (NYSE:GF)
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From Jul 2019 to Jul 2024
The New Germany Fund, Inc. (NYSE: GF) today announced
continued strong performance for the first quarter of 2006, with an
NAV return of 26.26% and market price return of 27.38% as of March 31,
2006 (in each case, not annualized). The Fund again outperformed its
benchmark, the Midcap Market Performance Index, which returned 22.13 %
for the same period. Standardized performance returns can be found in
the chart below.
Separately, the Fund announced today that its annual meeting of
stockholders will be held at 11:00 am (New York time) on June 20, 2006
at the offices of Deutsche Bank AG, 345 Park Avenue, New York, New
York 10154.
Only holders of record of the Fund's Common Stock at the close of
business on April 21, 2006 will be entitled to notice of, and to vote
at, the annual meeting of stockholders of the Fund. The Fund is
managed and advised by members of the Deutsche Bank Group.
The New Germany Fund, Inc. is a non-diversified; closed-end
investment company seeking capital appreciation primarily through
investment in middle market German equities. The Fund may invest up to
35% of its assets in large cap German companies, and up to 20% in
other Western European companies (with no more than 10% in any single
country). Its shares are listed on the New York Stock Exchange under
the symbol "GF".
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3 Year 5 Year 5 Year
Avg. Avg. Avg.
YTD 1 Year Annual Annual Annual
Returns as of March 31, 2006 Return Return Return Return Return
(%)* (%) (%) (%) (%)
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The New Germany Fund, Inc. (Net
Asset Return) 26.26 39.80 50.23 12.00 7.62
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The New Germany Fund, Inc. (Market
Price Return) 27.38 50.02 58.92 14.43 9.49
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* Total returns shown for the three month period are not annualized.
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Past Performance is no guarantee of future results.
Performance is historical, assumes reinvestment of all dividend
and capital gain distributions, and does not guarantee future results.
Investment returns and principal value fluctuate with changing market
conditions so that, when sold, shares may be worth more or less than
their original cost. Current performance may be lower or higher than
the performance data quoted. Please visit www.newgermanyfund.com for
the Fund's most recent performance.
Total return based on market price reflects changes in market
value. Total return based on net asset value reflects changes in the
fund's net asset value during each period. Each figure assumes that
dividends and capital gains, if any, were reinvested. These figures
will differ depending on the level of any discount from or premium to
NAV at which the fund's shares traded during the period. Returns less
than one-year are cumulative.
This Fund is not diversified and primarily focuses its investments
in Germany, thereby increasing its vulnerability to developments in
that country. Investing in foreign securities presents certain unique
risks not associated with domestic investments, such as currency
fluctuation and political and economic changes and market risks. This
may result in greater share price volatility.
Closed-end funds, unlike open-end funds, are not continuously
offered. There is a one time public offering and once issued, shares
of closed-end funds are 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 the fund's shares is determined by a
number of factors, several of which are beyond the control of the
fund. Therefore, the fund cannot predict whether its shares will trade
at, below or above net asset value.
The Midcap Market Performance Index is a total return index that
is composed of various MDAX and TecDax issues, reflecting the
performance of the mid-caps across all sectors of the Prime Segment.
Index returns assume reinvestment of any and all distributions and,
unlike fund returns, do not reflect fees or expenses. It is not
possible to invest directly in an index. MDAX is a total rate of
return index of 50 mid-cap issues that rank below the DAX. DAX is the
total rate of return index of 30 selected German blue chips stocks
traded on the Frankfurt stock exchange. TecDax is a total return index
that tracks the 30 largest and most liquid issues from the various
technology sectors of the Prime Segment beneath the DAX.
Fund specific data and performance are provided for informational
purposes only and are not intended for trading purposes.
This announcement is not an offer to purchase or the solicitation
of an offer to sell shares of the Fund or a prospectus, circular or
representation intended for use in the purchase or sale of Fund
shares. (4/06 44185)
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NOT FDIC/NCUA INSURED MAY LOSE VALUE NO BANK GUARANTEE
NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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