SRO Dws Rreef

The DWS closed-end funds listed below announced today regular monthly and quarterly distributions.

Details are as follows:

     

September Monthly Dividends

 

Declaration- 9/8/2009    Ex-Date- 9/16/2009    Record- 9/18/2009    Payable- 9/30/2009

Fund Ticker Dividend PriorDividend                     DWS High Income Trust KHI

$0.060

$0.060

DWS Municipal Income Trust KTF

$0.068

$0.068

DWS Multi Market Income Trust KMM

$0.065

$0.065

DWS Strategic Municipal Income Trust KSM

$0.077

$0.070

DWS Strategic Income Trust KST

$0.075

$0.075

DWS Dreman Value Income Edge Fund, Inc. DHG

$0.060

$0.060

DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.   DRP  

$0.080

 

$0.080

       

September Quarterly Dividends

 

Declaration- 9/8/2009    Ex-Date- 9/16/2009    Record- 9/18/2009    Payable- 9/30/2009

Fund Ticker Dividend

Prior

Dividend

                    DWS Global High Income Fund, Inc.   LBF  

$0.160

 

$0.160

 

In addition, DWS RREEF Real Estate Fund, Inc. (AMEX:SRQ) and DWS RREEF Real Estate Fund II, Inc. (AMEX:SRO) (the “Funds”) announced today that they will not declare any distributions to common shareholders in September 2009 because market conditions have resulted in the Funds not having sufficient income to pay a distribution.

DWS High Income Trust seeks to provide the highest current income obtainable, consistent with reasonable risk, with capital gains secondary. The fund invests in individual bonds whose yields and market values fluctuate, so that your investment may be worth more or less than its original cost. The fund may invest in lower-quality and nonrated securities, which present greater risk of loss of principal and interest than higher-quality securities. Bond investments are subject to interest rate risk such that when interest rates rise, the prices of the bonds, and thus the value of the bond fund, can decline and the investor can lose principal value.

DWS Municipal Income Trust seeks to provide high current income exempt from federal income tax by investing in a diversified portfolio of investment-grade tax-exempt securities. The fund invests in individual bonds whose yields and market values fluctuate, so that your investment may be worth more or less than its original cost. Additionally, although the fund seeks income that is federally tax–free, a portion of the fund’s distributions may be subject to federal, state, local and alternative minimum tax. Bond investments are subject to interest-rate risk such that when interest rates rise, the prices of the bonds, and thus the value of the bond fund, can decline and the investor can lose principal value.

DWS Multi Market Income Trust seeks to provide high income consistent with prudent total return. The fund invests in a range of income-producing securities such as US corporate fixed-income securities and debt obligations of foreign governments, their agencies and instrumentalities which may be denominated in foreign currencies and may not be rated. Investing in securities of emerging markets presents certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes, and market risks. All of these factors may result in greater share price volatility. The fund may invest in lower-quality and nonrated securities, which present greater risk of loss of principal and interest than higher-quality securities. Bond investments are subject to interest-rate risk such that when interest rates rise, the prices of the bonds, and thus the value of the bond fund, can decline and the investor can lose principal value.

DWS Strategic Municipal Income Trust seeks a high level of current income exempt from federal income tax by investing in a diversified portfolio of investment-grade tax-exempt securities. The fund will invest at least 50 percent of its assets in investment-grade municipal securities or unrated municipal securities of comparable quality, and may invest up to 50 percent of its assets in high-yield municipal securities that are below investment grade. The fund invests in individual bonds whose yields and market values fluctuate, so that your investment may be worth more or less than its original cost. Additionally, although the fund seeks income that is federally tax–free, a portion of the fund’s distributions may be subject to federal, state, local and alternative minimum tax. Bond investments are subject to interest-rate risk such that when interest rates rise, the prices of the bonds, and thus the value of the bond fund, can decline and the investor can lose principal value

DWS Strategic Income Trust seeks to provide high current income by investing its assets in a combination of (a) lower-rated, corporate fixed-income securities; (b) fixed-income securities of emerging markets and other foreign issuers; and (c) fixed-income securities of the US government and its agencies and instrumentalities, and mortgage-backed issuers. The fund invests in individual bonds whose yields and market values fluctuate, so that your investment may be worth more or less than its original cost. Investing in securities of emerging markets presents certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes, and market risks. All of these factors may result in greater share price volatility. The fund may invest in lower-quality and nonrated securities, which present greater risk of loss of principal and interest than higher-quality securities. Bond investments are subject to interest-rate risk such that when interest rates rise, the prices of the bonds, and thus the value of the bond fund, can decline and the investor can lose principal value.

DWS Dreman Value Income Edge Fund, Inc. is a non-diversified, closed-end investment company. The Fund's investment objective is to seek to achieve a high level of total return. The Fund pursues its investment objective through a combination of an income strategy designed to generate regular income and reduce volatility (the "Income Strategy"), and a quantitative long/short strategy designed to seek returns that are uncorrelated to the market (the "Hedge Strategy"). Its shares are listed on the New York Stock Exchange under the symbol “DHG”. Future earnings of the Fund can not be guaranteed and the Fund's dividend policy is subject to change. The amount of monthly distributions may vary depending on a number of factors. As portfolio and market conditions change, the amount of dividends could change.

DWS RREEF World Real Estate & Tactical Strategies Fund 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. Future earnings of the Fund can not be guaranteed and the Fund’s dividend policy is subject to change. The Fund has a policy to make a level distribution each month to shareholders that 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 DWS RREEF World Real Estate & Tactical Strategies 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.

DWS Global High Income Fund, Inc. is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to seek high current income as its primary objective and capital appreciation as a secondary objective through investment principally in global income securities. The Fund invests in individual bonds whose yields and market values fluctuate. Further, the Fund’s investments in foreign securities are subject to currency fluctuation, political climate and economic changes, and risk of loss of principal and interest.

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.

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).

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.

   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-11916-1 )