DRP Dws Rreef Wrld Real Estate F

The DWS closed-end funds listed below announced today regular monthly and quarterly distributions.

The Board of Directors of DWS High Income Opportunities Fund, Inc. (NYSE: DHG) approved changes to its investment objective, investment strategy and related investment policies, the change to the Fund’s name, and the transition of portfolio management to Deutsche Investment Management Americas Inc.’s high yield group led by Gary Russell effective November 5, 2010. The fund’s new investment objectives are to seek high current income with a secondary objective of total return. As a result of this change to its objective and the related changes to its investment strategies and policies, and the use of leverage, the fund will look to take advantage of favorable market opportunities including the recent strong performance in high yield.

In addition to the above-described changes, the Board also authorized the fund to conduct an issuer self-tender offer to purchase up to 25% of its outstanding common shares for cash at a price per share equal to 99% of its net asset value as of the close of the regular trading session of the New York Stock Exchange on November 22, 2010. Lastly, the Board approved an enhancement to the current program for the fund to purchase its own shares on the open market, which will be in effect from December 1, 2010 until May 31, 2011. Under the enhanced program, during times when the fund’s common shares are trading on the New York Stock Exchange at a discount to net asset value per share in excess of 5%, the fund will repurchase up to a maximum of 2% of its total outstanding common shares per month. This enhanced repurchase program is in addition to the previously announced one-year extension of the fund’s existing repurchase program. The above-described initiatives are intended to enhance the liquidity of shareholders’ investments in the fund and to address persistent fund trading discounts and long-term performance issues.

In connection with these changes, the Board has agreed to increase the regular monthly distribution payable by 12.5%. The Board has declared a monthly distribution of $0.09 per share payable on December 31, 2010. The ex-date will be December 14, 2010. The previous monthly distribution was $0.08 per share.

Details are as follows:

December Monthly Dividends

 

Declaration- 12/6/2010      Ex-Date- 12/14/2010      Record- 12/16/2010      Payable- 12/31/2010

                               

Fund

       

Ticker

       

Dividend

       

Prior

                             

Dividend

DWS High Income Trust KHI $0.070 $0.070 DWS Municipal Income Trust KTF $0.070 $0.070 DWS Multi Market Income Trust KMM $0.0735 $0.0735 DWS Strategic Municipal Income Trust KSM $0.077 $0.077 DWS Strategic Income Trust KST $0.0925 $0.0925 DWS High Income Opportunities Fund, Inc.* DHG $0.090 $0.080 DWS RREEF World Real Estate Fund, Inc.         DRP         $0.080         $0.080

*formerly DWS Dreman Value Income Edge Fund, Inc.

DWS High Income Trust (KHI), DWS Multi Market Income Trust (KMM) and DWS Strategic Income Trust (KST) are subject to investment risk. 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. 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.

DWS Municipal Income Trust (KTF) and DWS Strategic Municipal Income Trust (KSM) are subject to investment risk. 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. 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. Although the fund seeks income that is federally tax-free, a portion of the fund’s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

DWS High Income Opportunities Fund, Inc. is a non-diversified, closed-end investment company. The Fund's investment objective is to seek high current income with a secondary objective of total return. The Fund pursues its investment objective by investing primarily in securities designed to generate income, with the potential for capital appreciation being a secondary consideration. The Fund may invest in a broad range of income-producing securities, including, but not limited to, domestic and foreign debt securities of any credit quality or maturity (including below investment grade debt securities and debt securities of issuers located in countries with new or emerging securities markets), convertible securities (including convertible bonds), dividend-paying common stocks, preferred stocks, and securities of real estate investment trusts (“REITS”), energy trusts and other investment companies. The Fund may invest in debt securities not paying interest currently and securities in default. In addition, the Fund may invest in senior bank loans, including bank loan participations and assignments. The Fund may buy or sell protection on credit exposure and may also purchase securities on a when-issued basis and engage in short sales. The Fund may invest in cash or money market instruments in the event portfolio management determines that securities meeting the Fund’s investment objectives are not readily available for purchase. Its shares are listed on the New York Stock Exchange under the symbol “DHG”. Future earnings of the Fund can not be guaranteed and the Fund's dividend policy is subject to change. 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. There are special risks associated with an investment in real estate, including REITS. These risks include credit risk, interest rate fluctuations and the impact of varied economic conditions. Stocks may decline in value. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. 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.

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 REITS. These risks include 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 increase 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. This fund is non-diversified and can take larger positions in fewer issues, increasing its potential risk. Future earnings of the Fund can not be guaranteed and the Fund’s dividend policy is subject to change. The Fund has a policy to make a level distribution each month to shareholders that may be modified by the Board of Directors from time to time. It is anticipated that a portion of the aggregate distribution made by the Fund may constitute a return of capital. In addition, it is anticipated that any realized capital gains for the Fund’s fiscal year will be paid to shareholders in a separate distribution at the end of such year. If the total distributions made in any calendar year exceed investment company taxable income, net tax-exempt income and net capital gain, such excess distributed amount would be treated as ordinary dividend income to the extent of the Fund’s current and accumulated earnings and profits. Distributions in excess of the earnings and profits would first be a tax-free return of capital to the extent of the adjusted tax basis in the shares. After such adjusted tax basis is reduced to zero, the distribution would constitute capital gain (assuming the shares are held as capital assets). A return of capital is not reflective of the Fund's investment performance and should not be confused with income or yield.

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 fund’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. Past performance is no guarantee of future results.

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 • 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-20020-2 12/10)