DWS Dreman Value Income Edge Fund, DWS RREEF World Real Estate & Tactical Strategies Fund, and DWS High Income Trust (NYSE: KHI), Announce 1 for 2 Reverse Stock Split

DWS Dreman Value Income Edge Fund, Inc. (NYSE: DHG), DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (NYSE: DRP), and DWS High Income Trust (NYSE: KHI), each a closed-end management investment company (each, a “Fund,” and, collectively, the “Funds”), today announced that each Fund’s Board has authorized a 1 for 2 reverse stock split of the Fund’s common shares. Each Fund currently anticipates completing its reverse stock split prior to the opening of trading on the New York Stock Exchange on August 10, 2009.

As a result of the reverse stock splits, every two of each Fund’s outstanding common shares will be converted into one share. The net effect of each Fund’s reverse stock split will be to decrease the number of each Fund’s outstanding common shares, increase the net asset value per common share by a proportionate amount, and potentially increase the market price per common share by a proportional amount. Each Fund’s reverse stock split is intended to increase the Fund’s market price per common share and trading volume, thereby potentially reducing the per share transaction costs associated with buying and selling the Fund’s shares. While the number of each Fund’s outstanding common shares will decline, neither the Fund’s holdings nor the total value of shareholders’ investments will be affected. Immediately after the reverse stock split, each common shareholder will hold the same percentage of the Fund’s outstanding common shares that he or she held immediately prior to the reverse stock split, subject to adjustments for fractional shares resulting from the split.

Shareholders will receive a letter in the coming weeks with additional information regarding the reverse stock splits. It is important to note that holders of stock certificates representing pre-split shares of a Fund’s common stock will not be able to trade their shares until they surrender their pre-split stock certificates to the Fund’s transfer agent. In addition, shareholders of record of each Fund who are not participating in the Fund’s Dividend Reinvestment and Cash Purchase Plan at the time of the reverse stock split will receive cash in lieu of any fractional shares resulting from the reverse split. Shareholders of record who are participating in the Fund’s Dividend Reinvestment and Cash Purchase Plan at the time of the reverse stock split will receive fractional shares.

It is also important to note that, as a result of the reverse stock splits, each Fund’s common shares will begin trading on August 10, 2009 on a post-split basis under a new CUSIP number. The Funds’ existing, pre-split CUSIP numbers and new, post-split CUSIP numbers are listed below:

Fund		Current CUSIP No. (through 8/7/09)		New CUSIP No. (starting 8/10/09)
DWS Dreman Value Income Edge Fund		23339M 105		23339M 204
DWS RREEF World Real Estate & Tactical Strategies Fund		23339T 100		23339T 209
DWS High Income Trust		23337C 109		23337C 208

For more information about DWS Investments closed-end funds, visit www.dws-investments.com or call (800) 349-4281.

IMPORTANT INFORMATION

Shares of common stock of closed-end funds, unlike open-end funds, are not continuously offered. There is 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.

Investments in the funds involve risk. Additional risks are associated with international investing, such as government regulations and differences in liquidity, which may increase the volatility of your investment. Foreign security markets generally exhibit greater price volatility and are less liquid than the US market. Additionally, certain of the funds may focus their investments in certain geographical regions, thereby increasing their vulnerability to developments in that region and potentially subjecting the funds’ shares to greater price volatility. 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).

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.

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.

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.

NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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