DWS Dreman Value Income Edge Fund, Inc. Announces Annual Meeting of Stockholders

NEW YORK--(BUSINESS WIRE)--The Board of Directors of DWS Dreman Value Income Edge Fund, Inc. (NYSE: DHG), (the “Fund”) announced that the Annual Meeting of Stockholders of the Fund will be held on May 24, 2010 at the New York Marriott Eastside, 525 Lexington Avenue, New York, NY 10017. Stockholders will consider the election of Class III Directors of the Fund and a proposal submitted by a stockholder of the Fund requesting that the Board take the necessary steps to declassify the Board. Holders of record of shares of common stock of the Fund at the close of business on April 9, 2010 are entitled to vote at the meeting and any adjournments thereof.

For more information on DHG visit www.dws-investments.com or call (800) 349-4281.

IMPORTANT INFORMATION

DWS Dreman Value Income Edge Fund, Inc. (DHG) is subject to investment risk. Short sales - which involve selling borrowed securities in anticipation of a price decline, then returning an equal number of the securities at some point in the future - could magnify losses and increase volatility. 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 and credit risks. 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 and non-rated securities present greater risk of loss than investments in higher-quality securities. Stocks may decline in value. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increased volatility. Leverage results in additional risks and can magnify the effect of any losses.

Shares of common stock of closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and, once issued, shares of common stock of closed-end funds are traded in the open market generally through a stock exchange. Common shares of closed-end funds frequently trade at a discount to net asset value. The price of common shares is determined by a number of factors, several of which are beyond the control of the Fund. Therefore, the Fund cannot predict whether its common shares will trade at, below, or above net asset value.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of Fund 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.

Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like “expect,” “anticipate,” “believe,” and similar expressions. Such statements represent management's current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

FOR MORE INFORMATION: The foregoing is not a solicitation of any proxy. For more information regarding the Fund, or to receive a free copy of materials filed with the SEC (including the proxy statement relating to the 2010 annual meeting of stockholders once it is filed with the SEC), please visit www.dws-investments.com. Free copies of such materials can also be found on the SEC’s Website www.sec.gov. Please read the proxy statement carefully when it is available because it will contain important information regarding your investment in the Fund.

The Fund, its directors, executive officers and other members of management may be deemed to be participants in any future solicitation of the Fund’s security holders in connection with its 2010 annual meeting of stockholders. Stockholders may obtain information regarding the names, affiliations and interests of such individuals in the Fund’s Certified Shareholder Report on Form N-CSR for the year ended September 30, 2009 and its proxy statement for the 2010 annual meeting of stockholders when it becomes available.

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

NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

DWS Investments is part of Deutsche Bank’s Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company. (R-10656-2 03/10)