NEW YORK, June 7 /CNW/ - The Board of Directors of DWS Dreman Value
Income Edge Fund, Inc. (NYSE: DHG) declared a monthly dividend for the months
of June and July. The following dates and dollar amounts apply for the current
Dividend Record Payable
Amount Ex-Dates Dates Dates
DWS Dreman Value Income Edge June 14, June 18, July 2,
Fund, Inc. (NYSE: DHG) $0.1167 2007 2007 2007
July 12, July 16, August 1,
$0.1167 2007 2007 2007
The current distribution rate represents an annualized yield of 7.52%
based on the closing market price of $18.62 on June 6, 2007, and a 6.87% yield
on a closing NAV of $20.37 as of the same date.
The Fund also announced today that on June 21, 2007 at 11:00 am EST, it
will hold a conference call to discuss developments in the Fund and outlook on
the market. Mr. David Dreman and Mr. Peter Andersen, co-portfolio managers,
will be featured on the call.
Time: 11:00am EST (US)
Call Number: (866) 802-4305
Conference ID: 1100443
Featuring: Mr. David Dreman, Portfolio Manager
Mr. Peter Andersen, Portfolio Manager
The DWS Dreman Value Income Edge Fund, Inc. (NYSE: DHG) is a
non-diversified, closed-end investment company. The Fund's investment
objective is to seek to achieve a high level of total return. The Fund pursues
its investment objective through a combination of an income strategy designed
to generate regular income and reduce volatility (the "Income Strategy"), and
a quantitative long/short strategy designed to seek returns that are
uncorrelated to the market (the "Hedge Strategy"). 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. For more information on the Fund please contact a
representative at (800) 349-4281, or visit us on the web at
www.cef.dws-scudder.com for updated information on the Fund.
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 fund'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.
Past performance is no guarantee of future results. Annualized dividend
yield is the latest monthly dividend shown as an annualized percentage of net
asset value/market price at month end. Annualized dividend yield simply
measures the level of dividends and is not a complete measure of performance.
Market price, annualized dividend yield, net asset value and returns are
historical and will fluctuate and do not guarantee future results. Investments
in funds involve risk. Some funds have more risk than others. These include
funds that allow exposure to or otherwise concentrate investments in certain
sectors, geographic regions, security types, market capitalization or foreign
securities (e.g., political or economic instability, which can be accentuated
in emerging market countries).
NOT FDIC/ NCUA INSURED -- MAY LOSE VALUE -- NO BANK GUARANTEE
NOT A DEPOSIT -- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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
DWS Scudder is part of Deutsche Asset Management, which is the marketing
name in the US for the asset management activities of Deutsche Bank AG,
Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas
Inc. and DWS Trust Company. Copyright (C) 2007 DWS Scudder Distributors, Inc.
(MARS 24473 6/07)
For further information:
For further information: For DWS Dreman Value Income Edge Fund, Inc.
Media: Mayura Hooper, 212-250-5536 or Investors: Jon Diorio, 800-349-4281