(RTTNews) - DWS RREEF Real Estate Fund, Inc. (SRQ: News ) said that the Fund and its investment adviser, Deutsche Investment Management Americas Inc., have reached a Cooperation and Voting Agreement with the Susan L. Ciciora Trust and Stewart Horejsi. Pursuant to the agreement, the Trust has agreed not to pursue its previously announced proposals related to the operation and governance of the Fund and, as recommended by the Board of Directors of the Fund, the Covered Stockholders have agreed to vote in favor of the proposed liquidation and dissolution of the Fund to be considered by the Fund's stockholders at their upcoming Annual Meeting.

As part of the agreement, the Fund has terminated its Rights Agreement, dated August 18, 2009, and has amended its By-laws to provide that the Maryland Control Share Acquisition Act shall not apply to the acquisition of shares of the Fund's common stock by any stockholder of the Fund so long as such stockholder's voting power in the election of directors of the Fund remains below 1/3 of all of such voting power.

Click here to receive FREE breaking news email alerts for dws rreef real estate fund inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: contact editorial@rttnews.com