DWS High Income Opportunities Fund, Inc. Announces Extension of Share Repurchase Program
09 Luglio 2014 - 11:00PM
Business Wire
DWS High Income Opportunities Fund, Inc. (NYSE:DHG) (the “Fund”)
announced today that the Fund’s Board of Directors has extended the
Fund’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 Fund’s outstanding shares of common
stock in open-market transactions over the period from December 1,
2014 until November 30, 2015 when the Fund’s shares trade at a
discount to net asset value (“NAV”). The amount and timing of the
repurchases will be at the discretion of Deutsche Investment
Management Americas Inc. (“DIMA”), the Fund’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 Fund’s NAV.
The Board’s authorization of the repurchase program extension
follows the previous repurchase program, which commenced on
December 1, 2013 and runs until November 30, 2014. 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 may consider the potential impact of
such other measures on the Fund’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, 2014
will be available in the Fund’s upcoming Annual Report to
Stockholders.
Important Information
DWS High Income Opportunities Fund, Inc. seeks high current
income with a secondary objective of total return. The Fund pursues
its investment objectives 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. Future earnings of the Fund
cannot 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
(“junk bonds”) and non-rated securities present greater risk of
loss than investments in higher-quality securities. Investing in
foreign securities, particularly those of emerging markets,
presents certain risks, such as currency fluctuations, political
and economic changes, and market risks. 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. 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.
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 bought and 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.
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,” “intend,” 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.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
Deutsche Asset & Wealth Management represents the asset
management and wealth management activities conducted by Deutsche
Bank AG or any of its subsidiaries. Clients will be provided
Deutsche Asset & Wealth Management products or services by one
or more legal entities that will be identified to clients pursuant
to the contracts, agreements, offering materials or other
documentation relevant to such products or services.
(R-35378-1 7/14)
For additional
information:Deutsche Bank Press Office,
212-250-5536Shareholder Account Information,
800-294-4366DWS Closed-End Funds, 800-349-4281
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