DWS RREEF World Real Estate Fund, Inc. Announced a Final Distribution
February 09 2011 - 5:09PM
Business Wire
DWS RREEF World Real Estate Fund, Inc. announced today a final
distribution to be paid in cash.
Details are as follows:
Declaration- 2/9/2011
Ex-Date- 2/15/2011
Record- 2/17/2011
Payable- 2/24/2011
Fund Ticker Dividend
DWS RREEF World Real Estate
Fund, Inc. DRP $0.5050
As previously announced, on January 12, 2011 the Fund’s
stockholders approved the Board’s proposal to merge the Fund into
DWS RREEF Global Real Estate Securities Fund, a registered open-end
fund also managed by Deutsche Investment Management Americas Inc.
The merger is expected to be completed on or about February 25,
2011. In connection with upcoming merger, the Fund expects that its
shares will permanently cease trading on the NYSE after the market
closes on February 17, 2011.
Important Information
DWS RREEF World Real Estate Fund, Inc. 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.
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.
Certain statements contained in this release may be
forward-looking in nature. These include all statements relating to
plans, expectations, and other statements that are not historical
facts and typically use words like “expect,” “anticipate,”
“believe,” and similar expressions. Such statements represent
management's current beliefs, based upon information available at
the time the statements are made, with regard to the matters
addressed. All forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially
from those expressed in, or implied by, such statements. Management
does not undertake any obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
The following factors, among others, could cause actual
results to differ materially from forward-looking statements: (i)
the need to obtain any necessary regulatory approvals; (ii) the
effects of changes in market and economic conditions; (iii) other
legal and regulatory developments; and (iv) other additional risks
and uncertainties.
FOR MORE INFORMATION: The foregoing is not a solicitation of
any proxy. For more information regarding DWS RREEF Global
Real Estate Securities Fund, a registered open-end fund, including
to obtain a free copy of the prospectus/proxy statement relating to
the merger described in this press release (and containing
important information about fees, expenses and risk considerations)
which is included in an effective registration statement that has
been filed by such fund with the SEC, please visit the SEC’s
Website www.sec.gov. Please read the prospectus/proxy
statement carefully before making any investment decisions because
it contains important information. To obtain a summary prospectus,
if available, or prospectus, download one from
www.dws-investments.com, talk to your financial
representative or call Shareholder services at (800) 621-1048. We
advise you to carefully consider the product’s objectives, risks,
charges and expenses before investing. The summary prospectus and
prospectus contain this and other important information about the
investment product. Please read the prospectus carefully before you
invest.
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-4470-2 2/11)
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