Quantcast
 
New book by Larry Connors Click here Improve your trading - See how


 

DWS Dreman Value Income Edge Fund, DWS RREEF World Real Estate & Tactical Strategies Fund, and DWS High Income Trust (NYSE: KHI), Announce 1 for 2 Reverse Stock Split

Fri. July 31, 2009; Posted: 05:05 PM
Stocks RSS
NEW YORK, Jul 31, 2009 (BUSINESS WIRE) -- KHI | Quote | Chart | News | PowerRating -- DWS Dreman Value Income Edge Fund, Inc. (NYSE: DHG), DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (NYSE: DRP), and DWS High Income Trust (NYSE: KHI), each a closed-end management investment company (each, a "Fund," and, collectively, the "Funds"), today announced that each Fund's Board has authorized a 1 for 2 reverse stock split of the Fund's common shares. Each Fund currently anticipates completing its reverse stock split prior to the opening of trading on the New York Stock Exchange on August 10, 2009.

As a result of the reverse stock splits, every two of each Fund's outstanding common shares will be converted into one share. The net effect of each Fund's reverse stock split will be to decrease the number of each Fund's outstanding common shares, increase the net asset value per common share by a proportionate amount, and potentially increase the market price per common share by a proportional amount. Each Fund's reverse stock split is intended to increase the Fund's market price per common share and trading volume, thereby potentially reducing the per share transaction costs associated with buying and selling the Fund's shares. While the number of each Fund's outstanding common shares will decline, neither the Fund's holdings nor the total value of shareholders' investments will be affected. Immediately after the reverse stock split, each common shareholder will hold the same percentage of the Fund's outstanding common shares that he or she held immediately prior to the reverse stock split, subject to adjustments for fractional shares resulting from the split.

Shareholders will receive a letter in the coming weeks with additional information regarding the reverse stock splits. It is important to note that holders of stock certificates representing pre-split shares of a Fund's common stock will not be able to trade their shares until they surrender their pre-split stock certificates to the Fund's transfer agent. In addition, shareholders of record of each Fund who are not participating in the Fund's Dividend Reinvestment and Cash Purchase Plan at the time of the reverse stock split will receive cash in lieu of any fractional shares resulting from the reverse split. Shareholders of record who are participating in the Fund's Dividend Reinvestment and Cash Purchase Plan at the time of the reverse stock split will receive fractional shares.

It is also important to note that, as a result of the reverse stock splits, each Fund's common shares will begin trading on August 10, 2009 on a post-split basis under a new CUSIP number. The Funds' existing, pre-split CUSIP numbers and new, post-split CUSIP numbers are listed below:

Fund                                                    Current CUSIP No.  New CUSIP No.
                                                        (through 8/7/09)   (starting 8/10/09)
DWS Dreman Value Income Edge Fund                       23339M 105         23339M 204
DWS RREEF World Real Estate & Tactical Strategies Fund  23339T 100         23339T 209
DWS High Income Trust                                   23337C 109         23337C 208

For more information about DWS Investments closed-end funds, visit www.dws-investments.com or call (800) 349-4281.

IMPORTANT INFORMATION

Shares of common stock of closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and, once issued, shares of common stock of closed-end funds are traded in the open market generally through a stock exchange. Common shares of closed-end funds frequently trade at a discount to net asset value. The price of common shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its common shares will trade at, below, or above net asset value.

Investments in the funds involve risk. Additional risks are associated with international investing, such as government regulations and differences in liquidity, which may increase the volatility of your investment. Foreign security markets generally exhibit greater price volatility and are less liquid than the US market. Additionally, certain of the funds may focus their investments in certain geographical regions, thereby increasing their vulnerability to developments in that region and potentially subjecting the funds' shares to greater price volatility. 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).

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.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of fund 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.

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.

NOT FDIC/ NCUA INSURED - MAY LOSE VALUE - NO BANK GUARANTEE
NOT A DEPOSIT - NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

R-13030-1

SOURCE: DWS Investments

Deutsche Bank Press Office, 212-454-2085 
or 
Shareholder Account Information, 800-294-4366 
or 
DWS Closed-End Funds, 800-349-4281
For full details on Dws Derman Val Inc Fd Inc (DHG) click here. Dws Derman Val Inc Fd Inc (DHG) has Short Term PowerRatings of 6. Details on Dws Derman Val Inc Fd Inc (DHG) Short Term PowerRatings is available at This Link.

    


More News:   Market Updates | Stock Alerts | All Trading News | Stock Index

Email
Print
Archives
Feedback
Email Article Link
Close X
Recipients email address
Your name
Your email
Add a note (optional)




Stocks RSS





Most Popular News
  UPCOMING EVENTS
Learn new strategies, how to trade in this market, and the stocks you should be focusing on each day. Join us for our free 20 minute tele-seminars during the week.
* Attendance is strictly limited and are filled on a first-come, first-served basis.
PREMIER SPONSORED LINKS
TRADE CENTER
 
The TradingMarkets Directory
RELATED SITES
Nothing but forex
Please call 1-213-955-5858 ext. 1

About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback

Disclaimer:

The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.

It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.

HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.

The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302

© Copyright 2009 The Connors Group, Inc.


All analyst commentary provided on TradingMarkets.com is provided for educational purposes only. The analysts and employees or affiliates of TradingMarkets.com may hold positions in the stocks or industries discussed here. This information is NOT a recommendation or solicitation to buy or sell any securities. Your use of this and all information contained on TradingMarkets.com is governed by the Terms and Conditions of Use. Please click the link to view those terms. Follow this link to read our Editorial Policy.

© 2009 The Connors Group, Inc.