DWS RREEF Real Estate Fund II, Inc. Announces Results of Annual Meeting of Shareholders Election of Directors & Adjournment o...
December 07 2009 - 5:38PM
Business Wire
The Board of Directors of DWS RREEF Real Estate Fund II, Inc.
(AMEX: SRO) (the “Fund”) announced today that the Fund’s Annual
Meeting was held on December 7, 2009. A quorum was present and the
following Class III Directors nominated by the Board were
re-elected to continue serving as Class III Directors of the Fund:
Rebecca W. Rimel, William McClayton, and William M. Searcy, Jr.
While Kenneth C. Froewiss did not receive the required vote of a
majority of the Fund’s outstanding preferred shares in support of
his re-election, Mr. Froewiss will remain in office as a Class III
Director until his successor is duly elected and qualifies or he
otherwise leaves office.
Voting on the proposal to liquidate and dissolve the Fund has
been adjourned to January 29, 2010 at 11:00 a.m., Eastern time at
the New York Marriot East Side, 525 Lexington Avenue, New York, New
York 10017, in order to enable the further solicitation of proxies
with respect to this proposal.
For more information on the Fund, please contact a
representative at (800) 349-4281 or visit us on the web at
www.dws-investments.com.
IMPORTANT INFORMATION
Investment in the fund involves risk. The fund involves
additional risks due to its narrow focus. There are special risks
associated with investment in real estate, including credit risk,
interest rate fluctuations and the impact of varied economic
conditions.
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.
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.
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 ability of the Fund to obtain required shareholder approvals;
(ii) the need to obtain any necessary regulatory approvals; (iii)
the effects of changes in market and economic conditions; (iv)
other legal and regulatory developments; and (v) other additional
risks and uncertainties.
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-5141-2 12/09)
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