DWS Enhanced Commodity Strategy Fund, Inc. Announces Changes to Terms of Proposed Open-Ending Merger
2010年6月30日 - 6:26AM
ビジネスワイヤ(英語)
The Board of Directors that oversees DWS Enhanced Commodity
Strategy Fund, Inc. (NYSE: GCS) (the “Fund”) and the open-end
DWS Enhanced Commodity Strategy Fund announced that it has approved
changes to the redemption fee that will apply to stockholders of
the Fund redeeming or exchanging the Class M shares of DWS Enhanced
Commodity Strategy Fund they receive in the Fund’s proposed
open-ending merger. The changes approved by the Board reduce the
amount of the redemption fee from 1.00% to 0.50% of the net asset
value of shares redeemed or exchanged, and reduce the period during
which the redemption fee is applied from one year to six months
following completion of the merger. As previously announced, the
meeting of stockholders at which the merger will be considered has
been adjourned to July 22, 2010 at 2:00 p.m., Eastern time at the
New York Marriott East Side, 525 Lexington Avenue, New York, New
York 10017.
For more information on the Fund visit www.dws-investments.com
or call (800) 349-4281.
IMPORTANT INFORMATION
DWS Enhanced Commodity Strategy Fund, Inc. (formerly DWS
Global Commodities Stock Fund, Inc.) (NYSE:GCS) is a
non-diversified, closed-end investment company currently invested
in commodity-linked derivative instruments backed by a portfolio of
fixed income securities, including inflation-indexed securities, of
varying maturities issued by the US government, non-US governments,
their agencies or instrumentalities, and US and non-US corporations
and derivatives related to each of these types of securities. The
investment objective of the Fund is capital appreciation with total
return as a secondary objective.
The fund invests in commodity-related securities, including
commodity-linked derivatives which may subject the fund to special
risks. Market price movements or regulatory and economic changes
will have a significant impact on the fund’s performance. 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. This fund is non-diversified and can take
larger positions in fewer issues, increasing its potential risk.
Stocks may decline in value. Leverage results in additional risks
and can magnify the effect of any 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 sold in the open market through a
stock exchange. Shares of closed-end funds frequently trade at a
discount to 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 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.
FOR MORE INFORMATION: For more
information regarding DWS Enhanced Commodity Strategy Fund, a
registered open-end fund, including to obtain a free copy of the
prospectus/proxy statement relating to the proposed merger (and
containing important information about fees, expenses and risk
considerations) which is included in an effective registration
statement that has been filed by such fund with the SEC, please
visit the SEC’s Website www.sec.gov. Please read the
prospectus/proxy statement carefully before making any investment
decisions because it contains important information.
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-16993-4 06/10)
Dws Enhanced Commodity Strategy Fund, Inc. (NYSE:GCS)
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Dws Enhanced Commodity Strategy Fund, Inc. (NYSE:GCS)
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