Business & Finance
Business and Finance
Business and Finance
Tue, June 29, 2010
Mon, June 28, 2010 DCA Total Return Fund and DCW Total Return Fund Boards Approve Merger
DENVER, CO--(Marketwire - June 28, 2010) - Dividend Capital Investments, the investment advisor to the DCA Total Return Fund (
Each Board has also nominated J. Gibson Watson, III and John Mezger, both current independent trustees whose current terms will expire at the upcoming Annual Shareholder Meeting, to serve as trustees. For DCW, if elected, each nominee would serve until the consummation of the reorganization or, if DCW or DCA shareholders do not approve the reorganization, until his successor has been duly elected and qualified. For DCA, if elected, each nominee would serve until his successor has been duly elected and qualified.
All matters are subject to shareholder approval at the Annual Shareholder Meeting to be held September 16, 2010. The Boards of Trustees for both Funds recommend shareholders vote in favor of the proposals. An upcoming proxy statement/prospectus will provide greater details on the proposals and matters to be voted upon by shareholders. The merger, if approved, is expected to occur in the late third quarter of 2010. More information will be contained in the proxy materials DCA and DCW will mail to their shareholders. Additional information about the Funds can be found at [ www.dcclosedendfunds.com ].
Dividend Capital Investments is an investment adviser registered with the U.S. Securities and Exchange Commission that seeks to provide value to its shareholders by focusing its closed-end funds on total return through investment in common equity, preferred equity and debt securities across a broad range of industries and geographic regions.
Additional Information About the Proposed Merger and Where to Find It
This press release is not intended to, and shall not, constitute an offer to purchase or sell shares of either fund; nor is this press release intended to solicit a proxy from any shareholder of either fund. The solicitation of the purchase or sale of securities or of proxies to affect each merger may only be made by a final, effective Registration Statement, which will include a definitive Proxy Statement/Prospectus, after the Registration Statement is declared effective by the Securities and Exchange Commission ("SEC").
This Registration Statement was filed on June 28, 2010 with the SEC. It may be amended or withdrawn and the Proxy Statement/Prospectus will not be distributed to shareholders of the funds unless and until the Registration Statement is declared effective by the SEC.
The funds and their respective directors and officers, and Dividend Capital Investments, and its members, officers and employees and other persons may be deemed to be participants in the solicitation of proxies with respect to the proposed merger. Investors and shareholders may obtain more detailed information regarding the direct and indirect interests of the funds' respective directors and officers, and Dividend Capital Investments and its members, officers and employees and other persons by reading the Proxy Statement/Prospectus regarding the merger filed with the SEC.
INVESTORS AND SHAREHOLDERS OF THE FUNDS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS AND OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED MERGER. INVESTORS SHOULD CONSIDER THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE FUNDS CAREFULLY. THE PROXY STATEMENT/PROSPECTUS WILL CONTAIN INFORMATION WITH RESPECT TO THE INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES OF THE FUNDS AND OTHER IMPORTANT INFORMATION ABOUT THE FUNDS.
The Proxy Statement/Prospectus constitutes neither an offer to sell securities, nor will it constitute a solicitation of an offer to buy securities, in any state where such offer or sale is not permitted.
Investors may obtain free copies of the Registration Statement and Proxy Statement/Prospectus and other documents (when they become available) filed with the SEC at the SEC's web site at [ www.sec.gov ]. In addition, free copies of the Proxy Statement/Prospectus and other documents filed with the SEC may also be obtained after each Registration Statement becomes effective by directing a request to Dividend Capital Investments at 1-866-324-7348.
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 a fund and other aspects of a 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 each fund 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. Each fund and Dividend Capital Investments do not intend, and undertake no duty, to update this information to reflect future events or circumstances.
