Published:
Certain DWS Closed-End Funds Declare Monthly Distributions
NEW YORK - (BUSINESS WIRE) - The DWS closed-end funds listed below announced today regular monthly
distributions.
Details are as follows:
November Monthly Dividends
Declaration- 11/6/2009 Ex-Date- 11/12/2009 Record- 11/16/2009 Payable-
11/30/2009
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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 High Income Trust
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KHI
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$0.060
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$0.060
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DWS Municipal Income Trust
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KTF
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$0.070
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$0.068
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DWS Multi Market Income Trust
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KMM
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$0.068
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$0.065
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DWS Strategic Municipal Income Trust
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KSM
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$0.077
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$0.077
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DWS Strategic Income Trust
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KST
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$0.080
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$0.075
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DWS Dreman Value Income Edge Fund, Inc.
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DHG
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$0.060
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$0.060
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DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.
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DRP
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$0.080
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$0.080
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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 taxâfree,
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 taxâfree,
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-9852-2
11/09)
For additional information:
Deutsche
Bank Press Office, 212-454-2085
Shareholder Account
Information, 800-294-4366
DWS Closed-End Funds, 800-349-4281
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