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THE EUROPE FUND, INC., FILES WITH THE SEC FOR A RIGHTS OFFERING

 NEW YORK, July 1 /PRNewswire/ -- The Europe Fund, Inc. (NYSE: EF) announced today that it has filed with the SEC a registration statement for an offering to its shareholders of non-transferable rights to buy additional shares of the fund.
 The offering is expected to commence in mid-September subject to SEC review. While the SEC filing reflects an offering of one new share for every five shares already owned at a price per share of 90 percent of the lower of net asset value or market price at the expiration of the offer, the board of directors of the fund will set the terms at the time of any such offering.
 The Europe Fund is a closed-end investment company traded on the New York Stock Exchange. It seeks long-term capital appreciation primarily through investment in equity securities of European companies. The purpose of the rights offering is to permit the fund to more fully take advantage of investment opportunities arising in Europe.
 The rights offering will be made only by means of a prospectus which will be mailed to eligible shareholders at the time of the offering, with copies available from Georgeson & Company as information agent.
 A registration statement relating to these securities has been filed with the Securities and Exchange Commission but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 -0- 7/1/93
 /CONTACT: Maria Weisensee of Georgeson & Company, 212-440-9847, for the Europe Fund, or James Donald of The Europe Fund, 212-751-8567/
 (EF)


CO: Europe Fund, Inc. ST: New York IN: FIN SU: OFR

WB-TS -- NY102 -- 7951 07/01/93 17:11 EDT
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Publication:PR Newswire
Date:Jul 1, 1993
Words:336
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