Business & Finance
Business and Finance
Business and Finance
Wed, March 18, 2009
Tue, March 17, 2009
Mon, March 16, 2009 Dividend Capital: Dividend Capital Realty Income Allocation Fund and Dividend Capital Global Realty Exposure Fund Announce Resu
DENVER, CO--(Marketwire - March 16, 2009) - Dividend Capital Realty Income Allocation Fund (
Shareholders of both Funds approved all three proposals including; 1) the election of Thomas H. Mack as a Class I Trustee and Class II Trustee for DCA and DCW, respectively, to serve for a three-year term; 2) the approval of an Investment Sub-Advisory Agreement with Calamos Advisors LLC; and 3) the approval of amendments to each Fund's Agreement and Declaration of Trust imposing new ownership and transfer limitations.
Pursuant to notice sent to shareholders dated January 13, 2009 and the affirmative vote by shareholders with respect to the proposed sub-advisory agreement, both Funds have adopted an investment objective of total return. As a result, the Funds will no longer be required to invest at least 80% of their managed assets in real estate securities or have any specific limitation on investment in U.S. or non-U.S. companies, thereby permitting investment in a broader universe of securities and industries. As part of this new focus, effective March 18th Dividend Capital Realty Income Allocation Fund will change its name to DCA Total Return Fund, while retaining its NYSE ticker symbol of DCA. Dividend Capital Global Realty Exposure Fund will change its name to DCW Total Return Fund, while retaining its NYSE ticker symbol of DCW. Finally, both Funds are presently expected to continue paying a quarterly dividend distribution.
Forward Looking Statements
This press release may include statements that constitute "forward-looking statements" under the United States securities laws. Forward-looking statements include information concerning possible or assumed future performance, asset levels, earnings, liquidity, cash flow, industry or market conditions, regulatory developments, market interest in the fund and other aspects of the fund's operations or general economic conditions. In addition, when used in this press release, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects" and future or conditional verbs such as "may," "could," "should" and "would," or any other statement that necessarily depends on future events, are intended to identify forward-looking statements.
Forward looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although the funds and Dividend Capital Investments make such statements based on assumptions believed to be reasonable, there can be no assurance that actual results or actions will not differ materially from expectations. Investors must not rely unduly on any forward-looking statements. The funds and Dividend Capital Investments do not intend, and undertake no duty, to update this information to reflect future events or circumstances.
