Deutsche High Income Opportunities Fund, Inc. Announces Extension of Share Repurchase Program
September 20 2017 - 5:00PM
Business Wire
Deutsche High Income Opportunities Fund, Inc. (NYSE:DHG) (the
“Fund”) announced today that the Fund’s Board of Directors has
extended the Fund’s existing open market share repurchase program
for an additional period from December 1, 2017 until March 30,
2018. The Fund may continue to purchase an aggregate of up to 5% of
the Fund’s outstanding shares of common stock in open-market
transactions over the period from December 1, 2017 until March 30,
2018 when the Fund’s shares trade at a discount to net asset value
(“NAV”). The amount and timing of the repurchases will be at the
discretion of Deutsche Investment Management Americas Inc.
(“DIMA”), the Fund’s investment adviser, and subject to market
conditions and investment considerations. DIMA will seek to
purchase shares at prices that will be accretive to the Fund’s
NAV.
The Board’s authorization of the repurchase program extension
follows the previous repurchase program, which commenced on
December 1, 2016 and runs until November 30, 2017. Results of
repurchases under the program for the year ended September 30, 2017
will be available in the Fund’s upcoming Annual Report to
Stockholders.
Important Information
Deutsche High Income Opportunities Fund, Inc. seeks high
current income with a secondary objective of total return. The Fund
pursues its investment objectives by investing primarily in
securities designed to generate income, with the potential for
capital appreciation being a secondary consideration. The
Fund may invest in a broad range of income-producing securities,
including, but not limited to, domestic and foreign debt securities
of any credit quality or maturity (including below investment grade
debt securities and debt securities of issuers located in countries
with new or emerging securities markets), convertible securities
(including convertible bonds), dividend-paying common stocks,
preferred stocks, and securities of real estate investment trusts
(“REITS”), energy trusts and other investment companies. The
Fund may invest in debt securities not paying interest currently
and securities in default. In addition, the Fund may invest
in senior bank loans, including bank loan participations and
assignments. The Fund may buy or sell protection on credit exposure
and may also purchase securities on a when-issued basis and engage
in short sales. The Fund may invest in cash or money market
instruments in the event portfolio management determines that
securities meeting the Fund’s investment objectives are not readily
available for purchase. Future earnings of the Fund cannot be
guaranteed and the Fund's dividend policy is subject to change. Any
fund that concentrates in a particular segment of the market will
generally be more volatile than a fund that invests more broadly.
Bond investments are subject to interest-rate, credit, liquidity
and market risks to varying degrees. When interest rates rise, bond
prices generally fall. Credit risk refers to the ability of an
issuer to make timely payments of principal and interest.
Investments in lower-quality (“junk bonds”) and non-rated
securities present greater risk of loss than investments in
higher-quality securities. 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. Stocks may decline in value. Investing in
foreign securities presents certain risks, such as currency
fluctuations, political and economic changes, and market risks.
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 gains or losses.
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 bought and 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, 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.
Nothing contained herein is fiduciary or impartial investment
advice that is individualized or directed to any plan, plan
participant, or IRA owner regarding the advisability of any
investment transaction, including any IRA distribution or
rollover.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO
BANK GUARANTEENOT A DEPOSIT • NOT INSURED BY ANY FEDERAL
GOVERNMENT AGENCY
Investment products offered through Deutsche AM Distributors,
Inc. Advisory services offered through Deutsche Investment
Management Americas, Inc.Deutsche AM Distributors, Inc.222
South Riverside Plaza, Chicago, IL 60606-5808 I
www.deutschefunds.com I service@db.com I Tel (800)
621-1148Copyright © 2017 Deutsche Bank AG. All Rights Reserved
Deutsche Asset Management represents the asset management
activities conducted by Deutsche Bank AG or any of its
subsidiaries. R-052501-1 (09/17)
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For additional
information:Deutsche Bank Press Office (212)
250-7171Shareholder Account Information (800)
294-4366Deutsche Closed-End Funds (800) 349-4281 or
00-800-2287-2750 from outside the US
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