SOURCE: Dividend Capital

September 27, 2010 06:00 ET

DCA Total Return Fund and DCW Total Return Fund Announce Completion of Merger

DENVER, CO--(Marketwire - September 27, 2010) -  DCA Total Return Fund (NYSE: DCA) and DCW Total Return Fund (NYSE: DCW) announced today the completion of their merger.

In the merger, DCA acquired substantially all of the assets and liabilities of DCW in a tax-free transaction in exchange for an equal aggregate value of newly issued common shares of DCA. DCW distributed the common shares (and fractional shares where applicable) of DCA to its common shareholders in an amount equal to the aggregate net asset value of DCW common shares, as determined at the close of business on September 24, 2010. The net asset value per share of each Fund as of September 24, 2010 and the exchange ratio at which common shares of DCW were exchanged for common shares of DCA are set forth below.

Fund   NAV per Share   Exchange Ratio
DCW Total Return Fund (DCW)   $6.4339   1.7527535 common shares per DCW common shares
DCA Total Return Fund (DCA)   $3.6707   N/A

Additional information about DCA Total Return Fund can be found at www.dcclosedendfunds.com

Dividend Capital Investments LLC (DCI) serves as the investment adviser to the Fund. DCI seeks to provide value to its shareholders by focusing its closed-end fund on total return through investment in common equity, preferred equity and debt securities across a broad range of industries and geographic regions.

Forward-Looking Statements
This press release may include statements that constitute "forward-looking statements" under the United States securities laws. Forward-looking statements include information concerning possible or assumed future performance, asset levels, earnings, liquidity, cash flow, industry or market conditions, regulatory developments, market interest in the Fund and other aspects of the Fund's operations or general economic conditions. In addition, when used in this press release, words such as "believes," "expects," "anticipates," "intends," "plans," "estimates," "projects" and future or conditional verbs such as "may," "could," "should" and "would," or any other statement that necessarily depends on future events, are intended to identify forward-looking statements.

Forward-looking statements are not guarantees of performance. They involve risks, uncertainties and assumptions. Although the Fund and Dividend Capital Investments make such statements based on assumptions believed to be reasonable, there can be no assurance that actual results or actions will not differ materially from expectations. Investors must not rely unduly on any forward-looking statements. The Fund and Dividend Capital Investments do not intend, and undertake no duty, to update this information to reflect future events or circumstances.

Potential investors should consider the investment objectives, risks, and charges and expenses of the Fund carefully before making any investment decisions. This and other information is discussed in the Fund's final prospectus and financial statements which can be accessed at www.dcclosedendfunds.com