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DWS Funds Announce Preliminary Results of the Annual Meeting of Shareholders

^{Published on 2010-05-24 15:05:20 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Boards of Trustees of DWS High Income Trust (NYSE: KHI), DWS Strategic Income Trust (NYSE: KST), and DWS Multi-Market Income Trust (NYSE: KMM) (each, a aFunda and collectively, the aFundsa) announced today that the 2010 Annual Meeting of Shareholders for each Fund was held on May 24, 2010 (the aAnnual Meetinga).

Preliminary results indicate that for each of KHI, KMM and KST, a quorum was present but none of the nominees received a sufficient number of votes to be elected as Trustee. Therefore, the incumbent Trustees (Ms. Jean Gleason Stromberg and Messrs. Henry P. Becton, Paul K. Freeman and William McClayton) will continue as Class II Trustees until 2013 and until such time as successors are elected and qualify.

The Funds will announce final results once such results are certified by the Independent Inspector of Election.

For more information on KHI, KST, and KMM 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 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 losses. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks.

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 funda™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 aexpect,a aanticipate,a abelieve,a 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.

DWS Investments is part of Deutsche Banka™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-17659-105/10)