DWS Variable Series II to reorganize two funds on April 30

By Toni Weeks

San Diego, Nov. 21 - DWS Variable Series II said that it plans to reorganize two funds on April 30, according to a 497K filing with the Securities and Exchange Commission.

The reorganizations were proposed by the adviser of the funds, New York-based Deutsche Investment Management Americas Inc.

The board of the DWS Blue Chip VIP has approved the fund's reorganization into the DWS Variable Series I - DWS Growth & Income VIP. Subsequently, that fund will be renamed DWS Core Equity VIP, effective May 1.

In addition, the board of the DWS Core Fixed Income VIP has approved that fund's reorganization into the DWS Variable Series I - DWS Bond VIP.

The reorganizations are expected to be tax-free reorganizations for federal income tax purposes.

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