The DWS closed-end funds listed below announced today regular quarterly,
yearly and special income distributions.
Details are as follows:
December Quarterly Dividends
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Declaration- 12/21/2010 Ex-Date- 12/29/2010 Record-
12/31/2010 Payable- 1/12/2011
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Fund
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Ticker
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Dividend
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Prior
Dividend
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DWS Global High Income Fund, Inc.
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LBF
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$0.130
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$0.130
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December Yearly Dividends
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Declaration- 12/21/2010 Ex-Date- 12/29/2010 Record- 12/31/2010
Payable- 1/28/2011
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Fund
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Ticker
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Dividend
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The Central Europe and Russia Fund, Inc.
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CEE
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$0.2640
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The European Equity Fund, Inc.
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EEA
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$0.0450
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The New Germany Fund, Inc.
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GF
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$0.0650
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Special Excise Distributions
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Declaration- 12/21/2010 Ex-Date- 12/29/2010 Record- 12/31/2010
Payable- 1/12/2011
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Fund
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Ticker
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Dividend
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DWS High Income Trust
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KHI
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$0.2475
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DWS Strategic Income Trust
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KST
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$0.2100
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DWS High Income Opportunities Fund, Inc.*
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DHG
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$0.2305
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DWS RREEF World Real Estate Fund, Inc.
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DRP
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$1.6698
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*formerly DWS Dreman Value Income Edge Fund, Inc.
DWS Global High Income Fund, Inc. (LBF) is subject to investment
risk. Bond investments are subject to interest-rate and credit risks.
When interest rates rise, bond prices generally fall. Credit risk refers
to the ability of an issuer to make timely payments of principal and
interest. Investing in foreign securities, particularly those of
emerging markets, presents certain risks, such as currency fluctuations,
political and economic changes, and market risks. This fund is
non-diversified and can take larger positions in fewer issues,
increasing its potential risk. Leverage results in additional risks and
can magnify the effect of any losses.
The Central Europe and Russia Fund, Inc. (CEE) is subject to
investment risks. The fund is non-diversified and can take larger
positions in fewer issues, increasing its potential risk. Investing in
foreign securities, particularly those of emerging markets, presents
certain risks, such as currency fluctuations, political and economic
changes, and market risks. Any fund that concentrates in a particular
segment of the market will generally be more volatile than a fund that
invests more broadly.
The European Equity Fund, Inc. (EEA) and the New Germany Fund, Inc.
(GF) are subject to investment risks. Investing in foreign securities,
particularly those of emerging markets, presents certain risks, such as
currency fluctuations, political and economic changes, and market risks.
Any fund that concentrates in a particular segment of the market will
generally be more volatile than a fund that invests more broadly.
DWS High Income Trust (KHI), DWS Multi Market Income Trust (KMM) and
DWS Strategic Income Trust (KST) are subject to investment risk.
Bond
investments are subject to interest-rate and credit risks. When interest
rates rise, bond prices generally fall. Credit risk refers to the
ability of an issuer to make timely payments of principal and interest.
Investments in lower-quality and non-rated securities present greater
risk of loss than investments in higher-quality securities. Investing in
derivatives entails special risks relating to liquidity, leverage and
credit that may reduce returns and/or increased volatility. Leverage
results in additional risks and can magnify the effect of any losses.
Investing in foreign securities, particularly those of emerging markets,
presents certain risks, such as currency fluctuations, political and
economic changes, and market risks.
DWS High Income Opportunities Fund, Inc. (DHG) is a non-diversified,
closed-end investment company. The Fund's investment objective is to
seek high current income with a secondary objective of total return. The
Fund pursues its investment objective by investing primarily in
securities designed to generate income, with the potential for capital
appreciation being a secondary consideration.
The Fund may invest
in a broad range of income-producing securities, including, but not
limited to, domestic and foreign debt securities of any credit quality
or maturity (including below investment grade debt securities and debt
securities of issuers located in countries with new or emerging
securities markets), convertible securities (including convertible
bonds), dividend-paying common stocks, preferred stocks, and securities
of real estate investment trusts (“REITS”), energy trusts and other
investment companies.
The Fund may invest in debt securities not
paying interest currently and securities in default.
In addition,
the Fund may invest in senior bank loans, including bank loan
participations and assignments.
The Fund may buy or sell
protection on credit exposure and may also purchase securities on a
when-issued basis and engage in short sales.
The Fund may invest
in cash or money market instruments in the event portfolio management
determines that securities meeting the Fund’s investment objectives are
not readily available for purchase.
Its shares are listed on the
New York Stock Exchange under the symbol “DHG”. Future earnings of the
Fund can not be guaranteed and the Fund's dividend policy is subject to
change. Any fund that concentrates in a particular segment of the market
will generally be more volatile than a fund that invests more broadly.
Bond investments are subject to interest-rate and credit risks. When
interest rates rise, bond prices generally fall. Credit risk refers to
the ability of an issuer to make timely payments of principal and
interest. Investments in lower-quality and non-rated securities present
greater risk of loss than investments in higher-quality securities.
There are special risks associated with an investment in real estate,
including REITS. These risks include credit risk, interest rate
fluctuations and the impact of varied economic conditions. Stocks may
decline in value. Investing in foreign securities, particularly those of
emerging markets, presents certain risks, such as currency fluctuations,
political and economic changes, and market risks. Investing in
derivatives entails special risks relating to liquidity, leverage and
credit that may reduce returns and/or increase volatility. Leverage
results in additional risks and can magnify the effect of any losses.
DWS RREEF World Real Estate Fund, Inc. (DRP) is subject to investment
risk. Any fund that concentrates in a particular segment of the market
will generally be more volatile than a fund that invests more broadly.
There are special risks associated with an investment in real estate,
including REITS. These risks include credit risk, interest rate
fluctuations and the impact of varied economic conditions. Investing in
derivatives entails special risks relating to liquidity, leverage and
credit that may reduce returns and/or increase volatility. Leverage
results in additional risks and can magnify the effect of any losses.
Investing in foreign securities, particularly those of emerging markets,
presents certain risks, such as currency fluctuations, political and
economic changes, and market risks. This fund is non-diversified and can
take larger positions in fewer issues, increasing its potential risk.
Future earnings of the Fund can not be guaranteed and the Fund’s
dividend policy is subject to change. The Fund has a policy to make a
level distribution each month to shareholders that may be modified by
the Board of Directors from time to time. It is anticipated that a
portion of the aggregate distribution made by the Fund may constitute a
return of capital.
In addition, it is anticipated that any
realized capital gains for the Fund’s fiscal year will be paid to
shareholders in a separate distribution at the end of such year.
If
the total distributions made in any calendar year exceed investment
company taxable income, net tax-exempt income and net capital gain, such
excess distributed amount would be treated as ordinary dividend income
to the extent of the Fund’s current and accumulated earnings and profits.
Distributions in excess of the earnings and profits would first be a
tax-free return of capital to the extent of the adjusted tax basis in
the shares.
After such adjusted tax basis is reduced to zero, the
distribution would constitute capital gain (assuming the shares are held
as capital assets).
A return of capital is not reflective of the
Fund's investment performance and should not be confused with income or
yield.
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 the net
asset value. The price of a fund’s shares is determined by a number of
factors, several of which are beyond the control of the fund. Therefore,
a fund cannot predict whether its shares will trade at, below or above
net asset value. Past performance is no guarantee of future results.
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer or solicitation or sale
would be unlawful prior to registration or qualification under the laws
of such state or jurisdiction.
Past performance is no guarantee of future results.
Investments in funds involve risk. Some funds have more risk than
others. These include funds that allow exposure to or otherwise
concentrate investments in certain sectors, geographic regions, security
types, market capitalization or foreign securities (e.g., political or
economic instability, which can be accentuated in emerging market
countries).
This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these securities in
any state or jurisdiction in which such offer or solicitation or sale
would be unlawful prior to registration or qualification under the laws
of such state or jurisdiction.
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NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
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NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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DWS Investments is part of Deutsche Bank’s Asset Management division
and, within the US, represents the retail asset management activities of
Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche
Investment Management Americas Inc. and DWS Trust Company.
(R-9911-3
12/10)
