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DWS RREEF World Real Estate Fund, Inc. Announces Final Results of Reconvened Annual Meeting of Stockholders

^{Published on 2010-08-16 13:40:28 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Board of Directors of DWS RREEF World Real Estate Fund, Inc. (NYSE:DRP) announced today the final results of the Funda™s reconvened Annual Meeting of Stockholders that was concluded on August 9, 2010 after being adjourned without action on July 12, 2010 (the aAnnual Meetinga).

In accordance with the Funda™s charter and as described in the Funda™s proxy statement, the presence, in person or by proxy, of the holders of a majority of the outstanding shares of the Fund (i.e., over 50%) was required to constitute a quorum at the Annual Meeting. Under Maryland law, the jurisdiction in which the Fund is incorporated, this quorum requirement cannot be modified without stockholder approval of an amendment to the Funda™s charter. This is the same quorum requirement that has applied to all stockholder meetings since the Funda™s inception. The final report of the Independent Inspector of Election confirms that an insufficient number of holders of shares of the Fund were present in person or by proxy to constitute a quorum at the Annual Meeting, and without a quorum the Fund could not conduct business with respect to the election of Directors or the stockholder proposal included in the Funda™s proxy statement. Accordingly, pursuant to Maryland law, each incumbent Class III Director (Rebecca W. Rimel, Kenneth C. Froewiss, William N. Searcy, Jr. and Robert H. Wadsworth) nominated for re-election by the Board will continue in office as a holdover director until such time as his or her successor is elected and qualifies.

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

DWS RREEF World Real Estate Fund, Inc. (DRP) is subject to investment risk. Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests more broadly. There are special risks associated with an investment in real estate, including credit risk, interest rate fluctuations and the impact of varied economic conditions. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increased 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 the net asset value. The price of a funda™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.

NOT FDIC/ NCUA INSURED a MAY LOSE VALUE a NO BANK GUARANTEE
NOT A DEPOSIT a NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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. (5142-5 8/10)