DWS Multi-Market (NYSE: KMM) has issued rights offerings to all shareholders, giving them the right to purchase new shares at net asset value or 95 percent of the prevailing market price of the fund’s shares. This represents a deal for all existing shareholders to gain further shares at a discount to the current market.
In addition, it doesn’t represent any dilution of existing shares, as the funds will simply go to the net assets of the fund to be fully invested in more bonds and other assets as per the fund’s normal, ongoing management.

We recommend exercising the rights to buy more shares and continue to recommend buying shares independently up to our recommended price of 13, as listed inside Bond Desk.