The Boards of Directors of Deutsche Global High Income Fund, Inc. (NYSE:LBF) and Deutsche High Income Opportunities Fund, Inc. (NYSE:DHG) (each, a “Fund” and collectively, the “Funds”) announced today the results for the 2015 Annual Meeting of Stockholders for each Fund held on September 30, 2015.

For LBF, a quorum was present and the Class I Directors nominees (John W. Ballantine, Henry P. Becton, Jr., Dawn-Marie Driscoll and Paul K. Freeman) received a sufficient number of votes to be elected as Directors. Stockholders of LBF also approved Articles of Amendment to the LBF’s charter to limit the Fund’s term of existence until September 20, 2017 or such earlier date as may be determined by the Board of LBF, at which time the Fund will be liquidated.

For DHG, a quorum was present and the Class II Director nominees (Keith R. Fox, Richard J. Herring and William N. Searcy, Jr.) received a sufficient number of votes to be elected as Directors. Stockholders of DHG also approved Articles of Amendment to the DHG’s charter to limit the Fund’s term of existence until March 30, 2018 or such earlier date as may be determined by the Board of DHG, at which time the Fund will be liquidated.

For more information on each Fund visit www.deutschefunds.com or call (800) 349-4281.

Important Information

Deutsche Global High Income Fund, Inc. seeks high current income with a secondary objective of capital appreciation. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Floating rate loans tend to be rated below-investment-grade and may be more vulnerable to economic or business changes than issuers with investment-grade credit. Emerging markets tend to be more volatile than the markets of more mature economies, and generally have less diverse and less mature economic structures and less stable political systems than those of developed countries. Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Leverage results in additional risks and can magnify the effect of any gains or losses.

Deutsche High Income Opportunities Fund, Inc. seeks high current income with a secondary objective of total return. The Fund pursues its investment objectives by investing primarily in securities designed to generate income, with the potential for capital appreciation being a secondary consideration. The Fund may invest in a broad range of income-producing securities, including, but not limited to, domestic and foreign debt securities of any credit quality or maturity (including below investment grade debt securities and debt securities of issuers located in countries with new or emerging securities markets), convertible securities (including convertible bonds), dividend-paying common stocks, preferred stocks, and securities of real estate investment trusts (“REITS”), energy trusts and other investment companies. The Fund may invest in debt securities not paying interest currently and securities in default. In addition, the Fund may invest in senior bank loans, including bank loan participations and assignments. The Fund may buy or sell protection on credit exposure and may also purchase securities on a when-issued basis and engage in short sales. The Fund may invest in cash or money market instruments in the event portfolio management determines that securities meeting the Fund’s investment objectives are not readily available for purchase. Future earnings of the Fund cannot be guaranteed and the Fund's dividend policy is subject to change. Any fund that concentrates in a particular segment of the market will generally be more volatile than a fund that invests more broadly. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investments in lower-quality (“junk bonds”) and non-rated securities present greater risk of loss than investments in higher-quality securities. There are special risks associated with an investment in real estate, including REITs. These risks include credit risk, interest rate fluctuations and the impact of varied economic conditions. Stocks may decline in value. Investing in foreign securities presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Leverage results in additional risks and can magnify the effect of any gains or losses.

Past performance is no guarantee of future results.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

 

NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE

NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

 

Deutsche Asset & Wealth Management represents the asset management and wealth management activities conducted by Deutsche Bank AG or any of its subsidiaries. Clients will be provided Deutsche Asset & Wealth Management products or services by one or more legal entities that will be identified to clients pursuant to the contracts, agreements, offering materials or other documentation relevant to such products or services. (R-39707-1 9/15)

Deutsche Bank Press Office, 212-250-5536Shareholder Account Information, 800-294-4366Deutsche Closed-End Funds, 800-349-4281

Deutsche Global High Income (NYSE:LBF)
Historical Stock Chart
From Nov 2024 to Dec 2024 Click Here for more Deutsche Global High Income Charts.
Deutsche Global High Income (NYSE:LBF)
Historical Stock Chart
From Dec 2023 to Dec 2024 Click Here for more Deutsche Global High Income Charts.