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DWS RREEF World Real Estate Fund, Inc.
Ticker Symbol: DRP* CUSIP: 23339T100 Exchange: NYSE
* NOTE: This security is no longer trading as of 2/22/2011
Company's Online Profile
FUND DESCRIPTION: DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. is a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Fund’s investment objectives are high current income and capital appreciation. The Fund seeks to achieve its objectives primarily through investment in global real estate securities. In addition, the Fund will employ a global tactical asset allocation overlay strategy to seek to generate additional return. FUND STRATEGY: Under normal market conditions, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in “Real Estate Securities.” Real Estate Securities are equity and debt securities issued by real estate companies, such as real estate investment trusts (“REITs”), REIT-like structures or real estate operating companies. A company will be considered a real estate company if, in the opinion of the Investment Adviser (as defined on page i) or a subadviser, at least 50% of its revenues or at least 50% of the market value of its assets at the time the security is purchased are attributed to the ownership, construction, management, financing or sale of real estate. Under normal market conditions, a majority of the Real Estate Securities held by the Fund will be securities of companies located or operating in Australia, Canada, the United States and developed markets in Asia and Europe, but the Fund may invest up to 15% of its total assets in real estate companies located or operating in emerging market countries. There is no limit on the maximum amount of assets invested in equity Real Estate Securities or debt Real Estate Securities and the portion of the Fund’s assets invested in equity Real Estate Securities and debt Real Estate Securities is expected to vary over time. The Investment Adviser anticipates that initially substantially all of the Fund’s Real Estate Securities will be equity securities. FUND MANAGEMENT: The Fund’s investment manager is Deutsche Investment Management Americas Inc and the Fund’s investment adviser is its affiliate, RREEF America L.L.C.. The Investment Adviser will allocate assets in the Fund’s Real Estate Securities portfolio as it deems appropriate to any of several affiliated subadvisers that are familiar with local markets in Real Estate Securities. The Investment Manager, the Investment Adviser and the subadvisers are part of Deutsche Asset Management, the global asset management group of Deutsche Bank AG (NYSE: DB).
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Notes: January 12, 2011 – The Board of Directors of DWS RREEF World Real
Estate Fund, Inc. (NYSE: DRP) announced today that at the Fund’s special meeting of stockholders held
on January 12, 2011, stockholders approved the Board’s proposal to merge the Fund into DWS RREEF
Global Real Estate Securities Fund, a registered open-end fund also managed by Deutsche Investment
Management Americas Inc. The merger is expected to be completed by the end February 2011.
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IPO - 6/28/2007 - 11.13 Million Shares @ $20.00/share.
Link to IPO Prospectus
Previous Name: DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. Changed: 7/02/2010
Small Cap Stock -
Market Value $186.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 345 Park Avenue, New York, NY 10154 |
| Main Phone Number |
212-454-7190 |
| Fax Number |
Not Available |
| Investor Contact
Chris Ferreira
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800-349-4281
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| Toll Free Phone Number |
800-349-4281 |
| CEO - Michael G. Clark |
CFO - Paul Schubert |
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