Scudder RREEF Real Estate Fund, Inc. (SRQ) and Scudder RREEF Real
Estate Fund II, Inc. (SRO) Declare Monthly Dividends
NEW YORK, Oct. 7 /PRNewswire-FirstCall/ -- The Board of Directors of the
Scudder RREEF Real Estate Fund, Inc. (AMEX:SRQ) and the Scudder RREEF Real
Estate Fund II, Inc. (AMEX:SRO), declared a regular monthly dividend for the
months of October, November and December. The following dates and dollar
amounts apply: Dividend Record Payable
Amount Ex-Dates Dates Dates
Scudder RREEF Real
Estate Fund, Inc. (SRQ) $0.12 October 14, October 18, October 29,
2004 2004 2004 Scudder RREEF Real
Estate Fund II, Inc. (SRO) $0.10 November 12, November 16, November 30,
2004 2004 2004
December 20, December 22, December 31,
2004 2004 2004 SRQ's current distribution rate represents an annualized yield of 7.21% based
on the closing market price of $19.97 on October 6, 2004, and a 6.14% yield on
a closing NAV of $23.44 as of the same date.
SRO's current distribution rate represents an annualized yield of 8.01% based
on the closing market price of $14.99 on October 6, 2004, and a 6.88% yield on
a closing NAV of $17.45 as of the same date.
For more information on SRQ and SRO please contact a representative at
800-349.4281 or visit us on the web at CEF.Scudder.Com (do not use www) for
updated information on the Fund.
This is a non-diversified fund. 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.
Annualized dividend yield is the latest monthly dividend shown as an annualized
percentage of net asset value/market price at month end. Annualized dividend
yield simply measures the level of dividends and is not a complete measure of
performance. Market price, annualized dividend yield, net asset value are
historical and will fluctuate and do not guarantee future results.
Past performance is no guarantee of future results.
Not FDIC Insured. Not Guaranteed. May Lose Value. No assurance that objectives
will be met.
Scudder Investments is part of Deutsche Asset Management which is the marketing
name in the U.S. for the asset management activities of Deutsche Bank AG,
Deutsche Bank Trust Company Americas, Deutsche Asset Management Inc., Deutsche
Asset Management Investment Services Ltd., Deutsche Investment Management
Americas Inc. and Scudder Trust Company. II, Inc.
DATASOURCE: Scudder RREEF Real Estate Fund, Inc.; Scudder RREEF Real Estate
Fund CONTACT: media, Judith Inosanto, +1-212-454-7304, or investors, Jon Diroio, 800-349-4281, both for Scudder RREEF Real Estate Fund, Inc. and Scudder RREEF Real Estate Fund II, Inc. |