Madison Avenue Partners Takes 5.9% Stake in CEE Fund

TL;DR

**Madison Avenue Partners just bought 5.9% of CEE, signaling a potential shake-up or vote of confidence.**

AI Summary

Madison Avenue Partners, LP, a New York-based investment firm, has disclosed a significant stake in The Central and Eastern Europe Fund, Inc. (CEE), holding 1,000,000 shares of common stock, representing 5.9% of the company. This filing, dated January 12, 2024, indicates Madison Avenue Partners' increased interest in the fund, which invests in companies in Central and Eastern Europe. This matters to investors because a large institutional holding can signal confidence in the fund's future performance or potentially lead to activist pressure for changes if the investor believes the fund is undervalued.

Why It Matters

A new significant institutional investor like Madison Avenue Partners taking a 5.9% stake can influence the fund's strategy or management, potentially impacting its stock price and future returns for existing shareholders.

Risk Assessment

Risk Level: medium — While a new institutional investor can be positive, their intentions (passive vs. activist) are not fully clear from this filing, introducing some uncertainty.

Analyst Insight

Investors should monitor future filings from Madison Avenue Partners, LP (e.g., 13D if they become activist) and any communications from The Central and Eastern Europe Fund, Inc. regarding this new significant shareholder. This could signal potential changes or a vote of confidence, but further details are needed to assess the full impact.

Key Numbers

• 1,000,000 — Shares Beneficially Owned (Represents the total number of common stock shares Madison Avenue Partners, LP now holds in The Central and Eastern Europe Fund, Inc.)
• 5.9% — Percentage of Class (Indicates the significant ownership stake Madison Avenue Partners, LP has in the fund, potentially giving them influence.)
• January 12, 2024 — Event Date (The specific date when Madison Avenue Partners, LP's ownership crossed the threshold requiring this disclosure.)

Key Players & Entities

• Madison Avenue Partners, LP (company) — the investment firm filing the SC 13G
• The Central and Eastern Europe Fund, Inc. (company) — the issuer in which Madison Avenue Partners, LP has acquired shares
• 1,000,000 (dollar_amount) — number of shares of common stock beneficially owned by Madison Avenue Partners, LP
• 5.9% (dollar_amount) — percentage of the class of common stock beneficially owned by Madison Avenue Partners, LP
• January 12, 2024 (person) — date of the event requiring the filing of this statement

Forward-Looking Statements

• Madison Avenue Partners, LP will likely engage with The Central and Eastern Europe Fund, Inc. management regarding strategic direction or capital allocation. (Madison Avenue Partners, LP) — medium confidence, target: Within 6-12 months

FAQ

Key Financial Figures

• $0.001 — ame of Issuer) Common Stock, par value $0.001 per share (Title of Class of Securiti

Filing Documents

• central13g-01222024.htm (SC 13G) — 124KB
• 0001013594-24-000063.txt ( ) — 126KB

(a)

Item 1(a). Name of Issuer: The Central and Eastern Europe Fund, Inc. (" Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 875 Third Avenue, New York, NY 10022-6225

(a)

Item 2(a). Name of Persons Filing: The names of the persons filing this statement on Schedule 13G (collectively, the " Reporting Persons ") are: Madison Avenue International LP, Madison Avenue Partners, LP, EMAI Management, LLC, Madison Avenue GP, LLC, Caraway Jackson Investments LLC, and Eli Samaha.

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business address for each of the Reporting Persons is 150 East 58th St, 14th Fl, New York, NY 10155 .

(c)

Item 2(c). Citizenship: Madison Avenue International LP is a Cayman Islands exempted limited partnership. Madison Avenue Partners, LP is a Delaware limited partnership. Each of EMAI Management, LLC, Madison Avenue GP, LLC and Caraway Jackson Investments LLC is a Delaware limited liability company. Mr. Samaha is a citizen of the United States of America .

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $ $0.001 per share (the " Common Stock ")

(e)

Item 2(e). CUSIP Number: 153436100 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [x] Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). (f) [ ] Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) [ ] Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) [ ] Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J). (k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ Item 4. (a) Amount beneficially owned: As of January 22, 2024, Madison Avenue International LP beneficially owned 371,267 shares of Common Stock. Madison Avenue Partners, LP and Madison Avenue GP, LLC, as the investment manager and general partner of Madison Avenue International LP, respectively, may be deemed to be the beneficial owner of the shares of Common Stock owned directly by Madison Avenue International LP. EMAI Management, LLC, as the general partner of Madison Avenue Partners, LP, may be deemed to be the beneficial owner of the shares of Common Stock owned directly by Madison Avenue International LP. Caraway Jackson Investments LLC, as the owner of Madison Avenue GP, LLC, may be deemed to be the beneficial owner o

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct. Dated: January 22, 2024 MADISON AVENUE INTERNATIONAL LP By: Madison Avenue GP, LLC, its general partner By: /s/ Eli Samaha Eli Samaha, as Manager MADISON AVENUE PARTNERS, LP By: EMAI Management, LLC, its general partner By: /s/ Eli Samaha Eli Samaha, as Managing Member EMAI MANAGEMENT, LLC By: /s/ Eli Samaha Eli Samaha, as Managing Member MADISON AVENUE GP, LLC By: /s/ Eli Samaha Eli Samaha, as Manager CARAWAY JACKSON INVESTMENTS, LLC By: /s/ Eli Samaha Eli Samaha, as Member /s/ Eli Samaha ELI SAMAHA *The Reporting Persons disclaim beneficial ownership in the Common Stock reported herein except to the extent of their pecuniary interest therein. The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent. Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001). EXHIBIT A JOINT FILING AGREEMENT The undersigned hereby agree that the statement on Schedule 13G with respect to the shares of Common Stock of

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