N@N

DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. Announces Year-End Distribution and Expedited Monthly Dividend

^{Published on 2009-12-21 15:40:04 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--the Board of Directors of DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (NYSE: DRP) declared an expedited monthly distribution of $0.08 per share payable on January 29, 2010 to stockholders of record at the closed of business December 31, 2009. The ex-date will be December 29, 2009.

The Board of Directors also announced a special income distribution of $1.80 per share payable on January 12, 2010 to stockholders of record at the close of business on December 31, 2009. The ex-date will be December 29, 2009. Both dividends will be taxable in 2009.

For more information on DRP visit [ www.dws-investments.com ] or call (800) 349-4281.

DWS RREEF World Real Estate & Tactical Strategies Fund is a non-diversified Fund, which means it can invest in securities of relatively few issuers.This presents greater risk of loss of principal as the financial conditions or market assessments of such securities change. REIT investments can be affected by interest rate moves, economic cycles, and tax and regulatory requirements. Future earnings of the Fund can not be guaranteed and the Fund's dividend policy is subject to change. The Fund has a policy to make a level distribution each month to shareholders that may be modified by the Board of Directors from time to time. It is anticipated that a portion of the aggregate distribution made by the Fund may constitute a return of capital.In addition, it is anticipated that any realized capital gains for the Fund's fiscal year will be paid to shareholders in a separate distribution at the end of such year.If the total distributions made in any calendar year exceed investment company taxable income, net tax-exempt income and net capital gain, such excess distributed amount would be treated as ordinary dividend income to the extent of the Fund's current and accumulated earnings and profits.Distributions in excess of the earnings and profits would first be a tax-free return of capital to the extent of the adjusted tax basis in the shares.After such adjusted tax basis is reduced to zero, the distribution would constitute capital gain (assuming the shares are held as capital assets).A return of capital is not reflective of the Fund's investment performance and should not be confused with income or yield.

Estimated information on DWS RREEF World Real Estate & Tactical Strategies Fund's net investment income and other distribution information for each monthly period and the preceding monthly periods will be available on the Fund's website ([ www.dws-investments.com ]) no later than the end of each month. The level monthly distribution described above would result in the payment of approximately the same amount to the Fund's common shareholders each month. Section 19(a) of the Investment Company Act of 1940, as amended (the "1940 Act"), and Rule 19a-1 thereunder require the Fund to provide a written statement accompanying any payment that adequately discloses the source of such payments if not solely from investment income or capital gains. Shareholders should read any written disclosure provided by the Fund pursuant to Section 19(a) and Rule 19a-1 carefully and/or view the Fund's website, and should not assume that the source of any distribution from the Fund is net income.The amounts and sources of distribution included in such written disclosures are estimates only and should not be reported for tax purposes.The actual amount and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of its fiscal year and may be subject to changes.The Fund will send shareholders a Form 1099-DIV for the calendar year that will tell shareholders how to report these distributions for federal income tax purposes.

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 the net asset value. The price of a fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, a 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 these 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.

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-15392-1 12/09)