SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
RULE 23C-2 NOTICE OF INTENTION TO REDEEM SECURITIES
UNDER THE INVESTMENT COMPANY ACT OF 1940
Investment Company Act File No. 811-21172
DWS RREEF REAL ESTATE FUND, INC.
345 Park Avenue
New York, NY 10154-0004
The undersigned registered closed-end investment company hereby notifies
the Securities and Exchange Commission that it intends to redeem securities of
which it is the issuer, as set forth below in accordance with the requirements
of Rule 23c-2 under the Investment Company Act of 1940, and states that it is
filing this notice with the Commission pursuant to permission granted by the
Commission's staff fewer than 30 days prior to the date set for the redemption.
(1) Title of the class of shares of DWS RREEF Real Estate Fund, Inc. (the
"Fund") to be redeemed:
Auction Preferred Shares, Liquidation Preference $25,000 per share, Series
A (CUSIP 81119Q209) and Series B (CUSIP 81119Q308) (the "APS").
(2) Date on which the securities are to be called or redeemed:
Series Date
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A December 26, 2008
B December 29, 2008
(3) Applicable provisions of the governing instrument pursuant to which the
shares are to be redeemed:
The APS are to be redeemed pursuant to Part I, Section 3(a)(i)-(iii) of the
Articles Supplementary Creating and Fixing the Rights of Series A and
Series B Auction Preferred Stock.
(4) The number of shares to be redeemed and the basis upon which the shares to
be redeemed are to be selected:
The Fund will redeem the APS on a pro rata basis by series. Depository
Trust Company, the holder of record of the APS, will determine by lottery
how a series redemption will be allocated among each participant
broker-dealer firm. The Fund intends to redeem the number of outstanding
shares of APS as set forth below:
Series Number of Shares
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A 800
B 800
[Remainder of Page Left Blank]
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SIGNATURE
Pursuant to the requirement of Rule 23c-2 of the Investment Company Act of 1940,
the Fund has duly caused this Notice of Intention to Redeem Securities to be
signed on its behalf by the undersigned, in the City of New York and the State
of New York, on this 11th day of December 2008.
DWS RREEF REAL ESTATE FUND, INC.
By: /s/ Paul Schubert
---------------------------------------------
Name: Paul Schubert
Title: Treasurer and Chief Financial Officer
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