DWS Global Commodities Stock Fund, Inc. Announces Annual Meeting of Stockholders
10 Marzo 2010 - 4:45PM
Business Wire
The Board of Directors of DWS Global Commodities Stock Fund,
Inc. (NYSE: GCS) announced that the Annual Meeting of
Stockholders of the Fund for the 2009-2010 fiscal year will be held
on June 28, 2010 at the New York Marriott Eastside, 525 Lexington
Avenue, New York, NY 10017. Stockholders will consider the election
of Directors for the Fund, as well as a proposal submitted by a
stockholder to terminate the investment management agreement
between the Fund and Deutsche Investment Management Americas Inc.
The close of business on April 23, 2010 has been fixed as the
record date for the meeting and any postponements or adjournments
thereof.
On February 22, 2010, Western Investment LLC, the same dissident
stockholder who submitted the above proposal, filed a civil
complaint for declaratory and injunctive relief against the
Fund in the United States District Court for the Southern District
of New York seeking, among other things, an injunction compelling
the Fund to (i) hold a meeting of its stockholders at the earliest
date legally possible for the purpose of electing directors and
(ii) recognize the voting rights of all shares beneficially owned
by the plaintiff at such meeting, including those acquired after
the Fund opted-in to the Maryland Control Share Acquisition Act on
September 11, 2009. On March 3, 2010, Western Investment LLC
amended its complaint to also seek an order barring the Fund from
implementing certain investment changes announced on January 29,
2010. The Fund believes that the claims made in the lawsuit are
without merit.
For more information about DWS Investments closed-end funds,
visit www.dws-investments.com or call (800) 349-4281.
IMPORTANT INFORMATION
DWS Global Commodities Stock Fund, Inc. (NYSE: GCS) is a
non-diversified, closed-end investment company currently invested
in equity and commodities-linked securities of companies in
commodities-related industries or issuers whose value is tied to
the price of certain commodities or commodities-related indexes or
parts of indices. The investment objective of the Fund is
capital appreciation with total return as a secondary
objective.
DWS Global Commodities Stock Fund, Inc. (GCS) is subject to
investment risk. The fund invests in commodity-related securities,
including commodity-linked derivatives which may subject the fund
to special risks. Market price movements or regulatory and economic
changes will have a significant impact on the fund’s performance.
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. This fund is non-diversified and can take
larger positions in fewer issues, increasing its potential risk.
Stocks may decline in value. Leverage results in additional risks
and can magnify the effect of any losses.
Shares of common stock of closed-end funds, unlike open-end
funds, are not continuously offered. There is a one time public
offering and, once issued, shares of common stock of closed-end
funds are traded in the open market generally through a stock
exchange. Common shares of closed-end funds frequently trade at a
discount to net asset value. The price of common 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
common 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 “expect,” “anticipate,”
“believe,” 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.
FOR MORE INFORMATION: The foregoing is not a solicitation of
any proxy. For more information regarding the Fund, or to receive a
free copy of materials filed with the SEC (including the proxy
statement relating to the 2009-2010 annual meeting of stockholders
once it is filed with the SEC), please visit
www.dws-investments.com. Free copies of such materials
can also be found on the SEC’s Website www.sec.gov.
Please read the proxy statement carefully when it is available
because it will contain important information regarding your
investment in the Fund.
The Fund, its directors, executive officers and other members
of management may be deemed to be participants in any future
solicitation of the Fund’s security holders in connection with its
2009-2010 annual meeting of stockholders. Stockholders may obtain
information regarding the names, affiliations and interests of such
individuals in the Fund’s Certified Shareholder Report on Form
N-CSR for the year ended June 30, 2009 and its proxy
statement for the 2009-2010 annual meeting of stockholders when it
becomes available.
NOT FDIC/ NCUA INSURED • MAY
LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY
ANY FEDERAL GOVERNMENT AGENCY
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-16586-1 3/10)
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