Semi Annual Report - DWS Investments

THE CENTRAL EUROPE, RUSSIA AND TURKEY FUND, INC.STATEMENT OF CHANGES IN NET ASSETSINCREASE (DECREASE) IN NET ASSETSFor thesix months ended For theApril 30, 2013 year ended(unaudited) October 31, 2012Operations:Net investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 1,636,693 $ 10,047,948Net realized gain (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4,663,245 4,614,240Change in net unrealized appreciation (depreciation) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5,704,929 (6,050,447)Net increase in net assets resulting from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12,004,867 8,611,741Distributions to shareholders from:Net investment income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (9,512,478) (4,911,716)Net realized gain . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4,569,771) (28,000,751)Total distributions to shareholders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (14,082,249) (32,912,467)Capital share transactions:Net proceeds from reinvestment of dividends (137,421 and 394,788 shares, respectively) . . 4,904,540 12,874,022Cost of shares tendered (654,331 and 0 shares, respectively) . . . . . . . . . . . . . . . . . . . . . . . (24,092,467) —Cost of shares repurchased (252,493 and 530,644 shares, respectively) . . . . . . . . . . . . . . . (8,012,644) (17,098,411)Net decrease in net assets from capital share transactions . . . . . . . . . . . . . . . . . . . . . . . . . . (27,200,571) (4,224,389)Total decrease in net assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (29,277,953) (28,525,115)NET ASSETSBeginning of period . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 477,404,133 505,929,248End of period (including undistributed net investment income of $1,653,282 andundistributed net investment income $9,529,067, as of April 30, 2013 andOctober 31, 2012, respectively) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $448,126,180 $477,404,133The accompanying notes are an integral part of the financial statements.19