RREEF
Real Estate Fund, Inc.
Scudder Real Estate
Fund, Inc is a non-diversified, closed-end management investment company.
The Fund’s investment objective is total return through a combination
of high current income and capital appreciation potential by investing
in real estate securities. Under normal market conditions, the Fund
will invest at least 90% of its total assets in income-producing common
stocks, preferred stocks and other equity securities issued by real
estate companies, such as “real estate investment trust”
( REITS”), and direct interest in real estate.
At least 80% of
the fund’s total assets will be invested in income-producing equity
securities issued by REITS. The fund may invest up to 10% of its total
assets in debt securities issued or guaranteed by real estate companies.
The fund will not invest more than 20% of its total assets in preferred
stock or debt securities rated below investment grade (commonly known
as “junk bonds”) or unrated securities of comparable quality.
Although the fund
will invest primarily in equity securities that are publicly traded,
the Fund may invest up to 20% of its total assets in illiquid real estate
investments. There can be no assurance that the Fund will achieve its
investment objective.
