DWS Enhanced Commodity Strategy Fund, Inc. Announces Adjournment of Annual Meeting of Stockholders
28 Junio 2010 - 4:07PM
Business Wire
The Board of Directors of DWS Enhanced Commodity Strategy
Fund, Inc. (NYSE: GCS) (the “Fund”) announced today that the
2009-2010 Annual Meeting of Stockholders for the Fund was convened
on June 28, 2010 (the “Annual Meeting”) and was adjourned without
action to July 22, 2010 at 2:00 p.m., Eastern time at the New York
Marriott East Side, 525 Lexington Avenue, New York, New York
10017.
The decision to adjourn the Annual Meeting was made in light of
a June 25, 2010 press release by Western Investment LLC, a
significant stockholder in the Fund, announcing that it had dropped
its opposition to the proposed merger of the Fund into DWS Enhanced
Commodity Strategy Fund, a registered open-end fund also managed by
Deutsche Investment Management Americas Inc., and was now
recommending that stockholders vote in favor of the merger. The
purpose of adjourning the Annual Meeting is to give all
stockholders the opportunity to receive and consider this new
information in determining how to vote their shares on the matters
to be presented. The record date for the adjourned Annual Meeting
remains April 23, 2010.
For more information on GCS visit www.dws-investments.com or
call (800) 349-4281.
IMPORTANT INFORMATION
DWS Enhanced Commodity Strategy Fund, Inc. (formerly DWS
Global Commodities Stock Fund, Inc.) (NYSE: GCS) is a
non-diversified, closed-end investment company currently invested
in commodity-linked derivative instruments backed by a portfolio of
fixed income securities, including inflation-indexed securities, of
varying maturities issued by the US government, non-US governments,
their agencies or instrumentalities, and US and non-US corporations
and derivatives related to each of these types of securities. The
investment objective of the Fund is capital appreciation with total
return as a secondary objective.
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.
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 typically 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: For more information regarding DWS
Enhanced Commodity Strategy Fund, a registered open-end fund,
including to obtain a free copy of the prospectus/proxy statement
relating to the proposed merger (and containing important
information about fees, expenses and risk considerations) which is
included in an effective registration statement that has been filed
by such fund with the SEC, please visit the SEC’s Website
www.sec.gov. Please read the prospectus/proxy statement
carefully before making any investment decisions because it
contains important information.
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-18072-1 06/10)
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