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DWS Dreman Value Income Edge Fund, Inc. Announces Extension of Share Repurchase Program

^{Published on 2010-09-13 14:31:04 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--DWS Dreman Value Income Edge Fund, Inc. (NYSE: DHG) (the aFunda) announced today that the Funda™s Board of Directors has extended the Funda™s existing open-market share repurchase program for an additional twelve-month period. The Fund may continue to purchase an aggregate of up to 5% of the Funda™s outstanding shares of common stock in open-market transactions over the period from December 1, 2010 until November 30, 2011. The amount and timing of the repurchases will be at the discretion of Deutsche Investment Management Americas Inc. (aDIMAa), the Funda™s investment adviser, and subject to market conditions and investment considerations. DIMA will seek to purchase shares at prices that will be accretive to the Funda™s net asset value (aNAVa).

The Boarda™s authorization of the repurchase program extension follows the previous repurchase program, which commenced on December 1, 2009 and runs until November 30, 2010. The Board believes that the share repurchase program is a helpful tool for continuing to address the Funda™s discount to net asset value and for creating a measure of additional liquidity for Fund shares. The Board will monitor the impact of the share repurchase program on the discount and may consider, from time to time, additional or alternative measures to address the discount that may be appropriate in the future. In doing so, it will also continue to monitor the effects of the repurchase program and will consider the potential impact of such other measures on the Funda™s expense ratio, its portfolio turnover and its ability to achieve its objectives. Results of repurchases under the program for the year ended September 30, 2010 will be available in the Funda™s upcoming Annual Report to Stockholders.

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

IMPORTANT INFORMATION

DWS Dreman Value Income Edge Fund, Inc. (DHG) is subject to investment risk.Short sales - which involve selling borrowed securities in anticipation of a price decline, then returning an equal number of the securities at some point in the future - could magnify losses and increase volatility. Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests more broadly. 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. Stocks may decline in value. 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.

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.

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-8482-39/10)