NEW YORK - (Business Wire) Standard & Poor
’s announced today that it has commenced Factual Stock Report coverage on DWS Global Commodities Stock Fund Inc.
DWS Global Commodities Stock Fund Inc. (NYSE:GCS) invests primarily in equity and commodities-linked securities. The fund's investment objective is capital appreciation with total return as a secondary objective. Under normal market conditions the fund will invest substantially all but not less than 80% of its total assets in equity and commodities-linked securities of companies in commodities-related industries or other issuers where the value of the investment is linked to changes in commodity prices or a commodities-related index such as commodities-linked structured notes.
Under an investment management agreement with Deutsche Investment Management Americas Inc. (DIMA or the manager), an indirect, wholly owned subsidiary of Deutsche Bank AG, the manager directs the investments of the fund in accordance with its investment objectives, policies and restrictions. The management fee payable under the management agreement is equal to an annual rate of 0.90% of the fund's average daily managed assets (i.e., the net asset value of fund common shares plus the liquidation preference of any fund preferred shares and the principal amount of any borrowings used for leverage), computed and accrued daily and payable monthly.
July 23, 2008, the fund announced that its board of directors authorized an open-market share repurchase program. The fund may purchase an aggregate of up to 20% of its outstanding shares of common stock in open-market transactions over a twelve month period.
This report will also be accessible on an ongoing basis to the investment community ---- scores of buy-side institutions and sell-side firms that utilize S&P research and information platforms daily. Millions of self-directed investors also have access to the report via their e-brokerage accounts.
About Standard & Poor's Factual Stock Reports
This Standard & Poor’s service provides factual research coverage enabling information about DWS Global Commodities Stock Fund Inc. and other securities to reach a wide investor audience of Buy and Sell-side investors, helping them understand a company’s fundamentals and business prospects. Currently profiling over 1,000 issuers, S&P Factual Stock Reports increase market awareness for issuers in the investment community with insightful commentary and key statistics/information. Updated weekly with the latest pricing, trading volume, and other data, the reports include recent developments, a financial review, key operating information, Industry and peer comparisons, institutional holdings analysis, Street Consensus and opinions, performance charts, business summary, fundamental data, and news. Because coverage of these reports is sponsored by the issuer, S&P does not offer investment opinions concerning the advisability of investing in these stocks.
Standard & Poor’s Factual Stock Reports are produced separately from any other analytic activity of Standard & Poor’s. Standard & Poor’s Factual Report research has no access to non-public information received by other units of Standard & Poor’s. Standard & Poor’s does not trade on its own account.
Note: All U.S. and Canadian Companies listed on a National Exchange (not covered by S&P’s STARS research) are eligible to obtain this coverage.
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DWS Investments
DWS Investments Closed-end Funds Desk
1-800-349-4281
www.dws-investments.com
or
Standard & Poor's
Customers
Richard Albanese, 212-438-3647
richard_albanese@standardandpoors.com
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michael_privitera@standardandpoors.com
