Notes to Financial Statements
A. Significant Accounting Policies
DWS RREEF World Real Estate & Tactical Strategies Fund, Inc. (the ``Fund'') is registered under the
Investment Company Act of 1940, as amended (the ``1940 Act''), as a closed-end, non-diversified management
investment company organized as a Maryland corporation.
The Fund is authorized to issue 100,000,000 shares of a par value of $0.01 each, all of which are initially
classified as Common Stock. On June 27, 2007, the Fund issued an aggregate of 11,125,000 shares of
Common Stock, par value $.01 per share, pursuant to the initial public offering thereof. On July 26, 2007 and
August 15, 2007, the Fund issued additional shares of Common Stock of 500,000 and 250,000, respectively, in
connection with partial exercises by the underwriter of the over-allotment option.
The Fund's financial statements are prepared in accordance with accounting principles generally accepted in the
United States of America which require the use of management estimates. Actual results could differ from those
estimates. The policies described below are followed by the Fund in the preparation of its financial statements.
Security Valuation. Investments are stated at value determined as of the close of regular trading on the New York
Stock Exchange on each day the exchange is open for trading. Equity securities and closed-end investment
companies are valued at the most recent sale price or official closing price reported on the exchange (US or
foreign) or over-the-counter market on which the security is traded most extensively. Securities for which no
sales are reported are valued at the calculated mean between the most recent bid and asked quotations on the
relevant market or, if a mean cannot be determined, at the most recent bid quotation.
Money market instruments purchased with an original or remaining maturity of sixty days or less, maturing at par,
are valued at amortized cost. Investments in open-end investment companies and Cash Management QP Trust