Certain DWS Closed-End Funds Declare Monthly Distributions
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NEW YORK--(Business Wire)--
The DWS closed-end funds listed below announced today regular monthly
distributions.
Details are as follows:
July Monthly Dividends
Declaration- 7/7/2009 Ex-Date- 7/15/2009 Record- 7/17/2009 Payable- 7/31/2009
Fund Ticker Dividend Prior
Dividend
DWS High Income Trust KHI $0.030 $0.030
DWS Municipal Income Trust KTF $0.065 $0.065
DWS Multi Market Income Trust KMM $0.065 $0.065
DWS Strategic Municipal Income Trust KSM $0.070 $0.070
DWS Strategic Income Trust KST $0.070 $0.070
DWS Dreman Value Income Edge Fund, Inc. DHG $0.030 $0.030
DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. DRP $0.040 $0.040
DWS High Income Trust seeks to provide the highest current income obtainable,
consistent with reasonable risk, with capital gains secondary.The fund invests
in individual bonds whose yields and market values fluctuate, so that your
investment may be worth more or less than its original cost. The fund may invest
in lower-quality and nonrated securities, which present greater risk of loss of
principal and interest than higher-quality securities. Bond investments are
subject to interest rate risk such that when interest rates rise, the prices of
the bonds, and thus the value of the bond fund, can decline and the investor can
lose principal value.
DWS Municipal Income Trust seeks to provide high current income exempt from
federal income tax by investing in a diversified portfolio of investment-grade
tax-exempt securities.The fund invests in individual bonds whose yields and
market values fluctuate, so that your investment may be worth more or less than
its original cost. Additionally, although the fund seeks income that is
federally tax-free, a portion of the fund`s distributions may be subject to
federal, state, local and alternative minimum tax. Bond investments are subject
to interest-rate risk such that when interest rates rise, the prices of the
bonds, and thus the value of the bond fund, can decline and the investor can
lose principal value.
DWS Multi Market Income Trust seeks to provide high income consistent with
prudent total return. The fund invests in a range of income-producing securities
such as US corporate fixed-income securities and debt obligations of foreign
governments, their agencies and instrumentalities which may be denominated in
foreign currencies and may not be rated. Investing in securities of emerging
markets presents certain unique risks not associated with domestic investments,
such as currency fluctuation, political and economic changes, and market risks.
All of these factors may result in greater share price volatility. The fund may
invest in lower-quality and nonrated securities, which present greater risk of
loss of principal and interest than higher-quality securities. Bond investments
are subject to interest-rate risk such that when interest rates rise, the prices
of the bonds, and thus the value of the bond fund, can decline and the investor
can lose principal value.
DWS Strategic Municipal Income Trust seeks a high level of current income exempt
from federal income tax by investing in a diversified portfolio of
investment-grade tax-exempt securities. The fund will invest at least 50 percent
of its assets in investment-grade municipal securities or unrated municipal
securities of comparable quality, and may invest up to 50 percent of its assets
in high-yield municipal securities that are below investment grade. The fund
invests in individual bonds whose yields and market values fluctuate, so that
your investment may be worth more or less than its original cost. Additionally,
although the fund seeks income that is federally tax-free, a portion of the
fund`s distributions may be subject to federal, state, local and alternative
minimum tax. Bond investments are subject to interest-rate risk such that when
interest rates rise, the prices of the bonds, and thus the value of the bond
fund, can decline and the investor can lose principal value.
DWS Strategic Income Trust seeks to provide high current income by investing its
assets in a combination of (a) lower-rated, corporate fixed-income securities;
(b) fixed-income securities of emerging markets and other foreign issuers; and
(c) fixed-income securities of the US government and its agencies and
instrumentalities, and mortgage-backed issuers.The fund invests in individual
bonds whose yields and market values fluctuate, so that your investment may be
worth more or less than its original cost. Investing in securities of emerging
markets presents certain unique risks not associated with domestic investments,
such as currency fluctuation, political and economic changes, and market risks.
All of these factors may result in greater share price volatility. The fund may
invest in lower-quality and nonrated securities, which present greater risk of
loss of principal and interest than higher-quality securities. Bond investments
are subject to interest-rate risk such that when interest rates rise, the prices
of the bonds, and thus the value of the bond fund, can decline and the investor
can lose principal value.
DWS Dreman Value Income Edge Fund, Inc. is a non-diversified, closed-end
investment company. The Fund's investment objective is to seek to achieve a high
level of total return. The Fund pursues its investment objective through a
combination of an income strategy designed to generate regular income and reduce
volatility (the "Income Strategy"), and a quantitative long/short strategy
designed to seek returns that are uncorrelated to the market (the "Hedge
Strategy"). 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. The amount of monthly distributions may
vary depending on a number of factors.As portfolio and market conditions change,
the amount of dividends could change.
DWS RREEF World Real Estate & Tactical Strategies Fund is a non-diversified
Fund, which means it can invest in securities of relatively few issuers.This
presents greater risk of loss of principal as the financial conditions or market
assessments of such securities change. REIT investments can be affected by
interest rate moves, economic cycles, and tax and regulatory requirements.
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.
Estimated information on DWS RREEF World Real Estate & Tactical Strategies
Fund`s net investment income and other distribution information for each monthly
period and the preceding monthly periods will be available on the Fund`s website
(www.dws-investments.com) no later than the end of each month. The level monthly
distribution described above would result in the payment of approximately the
same amount to the Fund`s common shareholders each month. Section 19(a) of the
Investment Company Act of 1940, as amended (the "1940 Act"), and Rule 19a-1
thereunder require the Fund to provide a written statement accompanying any
payment that adequately discloses the source of such payments if not solely from
investment income or capital gains. Shareholders should read any written
disclosure provided by the Fund pursuant to Section 19(a) and Rule 19a-1
carefully and/or view the Fund`s website, and should not assume that the source
of any distribution from the Fund is net income.The amounts and sources of
distribution included in such written disclosures are estimates only and should
not be reported for tax purposes.The actual amount and sources of the amounts
for tax reporting purposes will depend upon the Fund`s investment experience
during the remainder of its fiscal year and may be subject to changes.The Fund
will send shareholders a Form 1099-DIV for the calendar year that will tell
shareholders how to report these distributions for federal income tax purposes.
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.
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.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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-9852-27/09)
Deutsche Bank Press Office, 212-454-2085
Shareholder Account Information, 800-294-4366
DWS Closed-End Funds, 800-349-4281
Copyright Business Wire 2009
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