The Board of Directors of DWS Dreman Value Income Edge Fund, Inc.
(NYSE: DHG) (the “Fund”)
declared a monthly distribution of $0.1167 per share payable on May 30,
2008 to stockholders of record at the close of business on May 19, 2008.
The ex-date will be May 15, 2008. The previous monthly distribution was
$0.1167 per share.
The current distribution rate represents a 9.75% annualized yield based
on the closing market price of $14.37 on May 7, 2008 and a 8.44%
annualized yield on a closing NAV of $16.60 on the same date.
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.
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. The amount of monthly
distributions may vary depending on a number of factors. As portfolio
and market conditions change, the amount of dividends could 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. 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).
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.
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 ©
2008 DWS Scudder Distributors, Inc. (MARS 50211 7/07)
