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Deutsche Bank’s DWS Aims to Liquidate ImmoFlex Fund by May 2014
December 12, 2011
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Dec. 12 (Bloomberg) -- Deutsche Bank AG’s DWS Investment GmbH unit said it plans to liquidate its DB ImmoFlex fund by May 2014, saying the market situation hasn’t improved.
DWS plans to file for the closure of the fund on Nov. 16, 2012, to allow investors access to available liquidity, the company said in an e-mailed statement today.
DWS said in May it had frozen the withdrawal and issuance of shares from the fund, citing “extraordinary circumstances.”
To contact the editor responsible for this story: Aaron Kirchfeld at akirchfeld@bloomberg.net
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