DWS RREEF Real Estate Fund, Inc. (SRQ) 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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.