NEW YORK--(BUSINESS WIRE)--DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (NYSE: DRP - News) declared a distribution of $0.08 per share, payable on January 30, 2009 to shareholders of record on January 20, 2009. The ex-date is January 15, 2009. The previous monthly distribution amount was $0.08 per share.
The current distribution rate represents a 16.30% annualized yield based on the closing
market price of $5.89 on January 7, 2009 and a 12.73% annualized yield on a closing NAV of $7.54 on the same date.
Future earnings of the
Fund can not be guaranteed and the Fund's dividend policy is subject to change. For more information on DRP please contact a representative at (800) 349-4281 or visit us on the web at www.dws-investments.com.
DRP 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.
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 the fund’s 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 shares will trade at, below or above net asset value.
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.
Past performance is no guarantee of future results. Annualized yield is the latest monthly distribution shown as an annualized percentage of net asset value/market price at month end. Annualized yield simply measures the level of distributions and is not a complete measure of performance. Market
price, annualized yield, net asset value and returns are historical and will fluctuate and do not guarantee 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).
The Fund has a policy to make a level distribution each month to shareholders. The current rate of the distribution roughly corresponds to the Fund’s projected performance. However, you should not draw any conclusions about the Fund’s past or future investment performance from its current distribution rate or from the terms of the Fund’s level distribution policy. Moreover, the Fund’s investment distribution rate should not be confused with pure income or yield. The level monthly distribution rate 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 the 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.
[Claim Your Bonus In ForexGen]Special Promotion for New Clients
Free cash bonus when you open your new live account withen the next 30 days. You will recieve a FREE cash bonus which will be added to your
trading account. The cash bonus depends on the
account type you open.
Account Type
Mini Account
Free Cash Bonus
10% of your deposit maximum $250Account Type
Standard Account
Free Cash Bonus
10% of your deposit maximum $500To be able to withdraw your free cash bonus, you need at least to open 20 trading lots in period not exceeds 3 months.For more information about our current and future promotions, contact one of our
[customers support] agents at promotions@forexgen.com
The current distribution rate represents a 10.18% annualized yield based on the closing market price of $8.25 on January 7, 2009 and a 8.36% annualized yield on a closing NAV of $10.05 on the same date.
