UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
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the Securities Exchange Act of 1934 (Amendment No. )
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/__/ Definitive Proxy Statement
/X/ Definitive Additional Materials
/__/ Soliciting Material Pursuant to ss.240.14a-12
DWS GLOBAL COMMODITIES STOCK FUND, INC.
---------------------------------------
(Name of Registrant as Specified In Its Charter)
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September 26, 2008
TIME IS RUNNING OUT -
YOUR PROMPT ATTENTION IS REQUESTED
URGENT VOTING REQUEST
Dear Stockholders of DWS Global Commodities Stock Fund, Inc.:
A few weeks ago we mailed you proxy information and asked you to vote on the
election of directors for your Fund. Your Board of Directors is asking you to
use the White Proxy Card to authorize your proxy "FOR" the re-election of five
experienced Directors of the Fund: Paul K. Freeman, William McClayton, Rebecca
W. Rimel, William N. Searcy, Jr. and Robert H. Wadsworth. We hope you will take
a moment to review these materials and to authorize your proxy in accordance
with your Board of Directors' recommendations by completing the enclosed proxy
voting form (or voting by telephone or over the internet). We encourage you to
disregard any proxy materials that you have received from dissident holder
Western Investment LLC.
As you make your voting decision, we ask that you consider the following:
o Performance has been strong - Since inception, your Fund has
outperformed its benchmark by 4.62% on a cumulative net asset value
return basis (as of August 31, 2008). Furthermore, your Fund has
outperformed its benchmark index on both market price and net asset
value over the one and three year periods (as of August 31, 2008).
o Western's agenda is to destroy the closed-end structure of the Fund
and the advantages of such structure -- The agenda being pursued by
Western is to install a minority of directors who will seek to destroy
the Fund as a closed-end vehicle and have the Fund convert to an
exchange-traded fund ("ETF") or an exchange-traded note ("ETN").
Western fails to note that these and other options suffer from certain
detriments, beyond giving up the benefit of closed-end fund status,
such as the costs of obtaining stockholder approval, legal expenses,
potential negative tax consequences, and/or the costs associated with
liquidating the Fund's assets to meet redemption requests (possibly at
inopportune times). In particular, Western fails to explain that
conversion to an ETF would require a potentially costly and time
consuming exemption from the Securities and Exchange Commission, and
that there is no precedent for a closed-end fund converting to an ETN.
Stockholders should understand that conversion to either an ETF or an
ETN would limit or eliminate the active management that has allowed
the Fund to outperform its benchmark since inception.
o Your Board has recently authorized an open-market repurchase program
-- In an effort to support the market price of the Fund's common stock
and also enhance the Fund's total return through the purchase of Fund
shares under terms accretive to remaining shareholders, the Board
recently announced its authorization of an open-market stock
repurchase program under which, effective September 2, 2008, the Fund
may purchase an aggregate of up to 20% of the Fund's outstanding
shares of common stock in open-market transactions over a twelve-month
period. The Fund will make open-market purchases of its shares at
times when such purchases would be accretive to shareholders.
We urge you to support the Fund by completing, signing and dating the enclosed
White Proxy Card and promptly mailing it in the enclosed postage-paid envelope.
Alternatively, you may vote by telephone or internet by following the
instructions on the enclosed card. If you hold your shares in a brokerage or
bank account (in "street name"), your broker or bank cannot vote your shares
this year (as it has in past annual meetings) unless you complete, sign, date
and return the proxy voting form it will send you. Please do not sign or vote
any gold proxy card sent to you by Western or its associates. If you have
already returned a gold proxy card from Western and wish to vote according to
the recommendations of your Board of Directors, please return a currently dated
White Proxy Card. If you have already returned the White Proxy Card, we thank
you for your support.
Whether or not you plan to attend the Meeting, and regardless of the number of
shares you own, we urge you to authorize your proxy FOR your Board's nominees on
the White Proxy Card.
We thank you for your continued support.
Sincerely,
The Directors of DWS Global Commodities Stock Fund, Inc.
John W. Ballantine William McClayton
Henry P. Becton, Jr. Rebecca W. Rimel
Dawn-Marie Driscoll Axel Schwarzer
Keith R. Fox William N. Searcy, Jr.
Paul K. Freeman Jean Gleason Stromberg
Kenneth C. Froewiss Robert H. Wadsworth
Richard J. Herring
If you have questions or need assistance in voting your shares, please call:
Georgeson Inc.
199 State Street, 26th Floor
New York, NY 10038
(800) 905-7281 (Toll Free)