SOURCE: Dividend Capital

September 16, 2010 18:00 ET

DCA Total Return Fund and DCW Total Return Fund Announce Results of Annual Meeting

DENVER, CO--(Marketwire - September 16, 2010) -  DCA Total Return Fund (NYSE: DCA) and DCW Total Return Fund (NYSE: DCW) announced today the results of their respective Annual Meetings of Shareholders, held on Thursday, September 16, 2010.

Shareholders of both Funds approved all three proposals including: 1) the election of J. Gibson Watson, III, CIMA® and John Mezger, each as a Class II Trustee and Class III Trustee for DCA and DCW, respectively, to serve for a three-year term; 2) the removal of the fundamental restriction requiring each Fund to invest greater than 25% of its total assets in securities of companies in the real estate industry; and 3) the approval of the Agreement and Plan of Reorganization reorganizing DCW into DCA.

The reorganization is expected to be completed on or about September 24, 2010. In the reorganization, DCA will acquire 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 will distribute 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.

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

Dividend Capital Investments LLC (DCI) serves as the investment adviser to the Funds. DCI seeks to provide value to its shareholders by focusing its closed-end funds 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 Funds and other aspects of the Funds' 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 Funds 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 Funds 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 each Fund carefully before making any investment decisions. This and other information is discussed in each Fund's final prospectus and financial statements which can be accessed at www.dcclosedendfunds.com.