DWS Funds Announce Results of Annual Meeting of Shareholders

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DWS Funds Announce Results of Annual Meeting of Shareholders

NEW YORK--(BUSINESS WIRE)-- The Boards of Trustees of DWS High Income Trust (NYSE: KHI), DWS Multi-Market Income Trust (NYSE: KMM), DWS Municipal Income Trust (NYSE: KTF), DWS Strategic Municipal Income Trust (NYSE: KSM), and DWS Strategic Income Trust (NYSE: KST); and the Boards of Directors of DWS Global High Income Fund, Inc. (NYSE: LBF) and DWS High Income Opportunities Fund, Inc. (NYSE: DHG) (each, a "Fund" and collectively, the "Funds") announced today the results for the 2012 Annual Meeting of Shareholders for each Fund held on September 28, 2012 (the "Annual Meeting").

For each of KHI, KMM and KST, a quorum was present and the Class I Trustee nominees (Keith R. Fox, Richard J. Herring, William N. Searcy, Jr. and Mr. Robert H. Wadsworth) received a sufficient number of votes to be elected as Trustees.


For each of KSM and KTF, a quorum was present and the Class I Trustee nominees (Dawn-Marie Driscoll, Richard J. Herring and William N. Searcy, Jr.) and preferred share Trustee nominees (Keith R. Fox and Robert H. Wadsworth) received a sufficient number of votes from the common and preferred shareholders voting together as a class and from the preferred shares voting separately as a class, respectively, to be elected as Trustees.

For LBF, a quorum was present and the Class I Directors nominees (John W. Ballantine, Henry P. Becton, Jr., Dawn-Marie Driscoll and Paul K. Freeman) received a sufficient number of votes to be elected as Directors.

For DHG, a quorum was present and the Class II Director nominees (Keith R. Fox, Richard J. Herring, William N. Searcy, Jr. and Robert H. Wadsworth) received a sufficient number of votes to be elected as Directors.

For more information on KHI, KSM, KST, KMM, KTF, LBF and DHG visit www.dws-investments.com or call (800) 349-4281.

IMPORTANT INFORMATION

DWS High Income Trust (KHI), DWS Strategic Income Trust (KST) and DWS Multi-Market Income Trust (KMM) are subject to investment risk. Bond investments are subject to interest-rate and credit risks. 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. 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. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks.

DWS Strategic Municipal Income Trust (KSM) and DWS Municipal Income Trust (KTF) are subject to investment risk.Bond investments are subject to interest-rate and credit risks. 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. 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. Although the fund seeks income that is federally tax-free, a portion of the fund's distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

DWS High Income Opportunities Fund, Inc. is a non-diversified, closed-end investment company. The Fund's investment objective is to seek 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.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. 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 and credit risks. 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 and non-rated securities present greater risk of loss than investments in higher-quality securities. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Stocks may decline in value. 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 losses. 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.

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 need to obtain any necessary regulatory approvals; (ii) the effects of changes in market and economic conditions; (iii) other legal and regulatory developments; and (iv) 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-022676-209/12)



For additional information:
Deutsche Bank Press Office (212) 250-6853
Shareholder Account Information (800) 294-4366
DWS Closed-End Funds (800) 349-4281

KEYWORDS:   United States  North America  New York

INDUSTRY KEYWORDS:

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