PURCHASE AGREEMENT
Exhibit p
Purchase Agreement dated November 9, 2006 between DWS Dreman Value Income Edge Fund, Inc., a
corporation organized under the laws of the State of Maryland (the “Fund”), and Deutsche Investment
Management Americas Inc. (the “Sole Initial Shareholder”), a corporation organized under the laws
of the state of Delaware.
WHEREAS, the Fund is an investment company registered under the Investment Company Act of
1940, as amended (the “1940 Act”); and
WHEREAS, the Fund proposes to issue and sell shares of its common stock, par value, $.01 per
share (the “Common Stock”), to the public pursuant to a Registration Statement on Form N-2 (the
“Registration Statement”) filed with the Securities and Exchange Commission; and
WHEREAS, Section 14(a) of the 1940 Act requires each registered investment company to have a
net worth of at least $100,000 before making a public offering of its securities;
NOW THEREFORE, the Fund and the Sole Initial Shareholder agree as follows:
| 1. | The Fund offers to sell to the Sole Initial Shareholder, and the Sole Initial Shareholder agrees to purchase from the Fund, 5,235.6021 number of shares of Common Stock (the “Shares”) for an aggregate price of $100,000.00 on a date to be specified by the Fund, prior to the effective date of the Registration Statement. | ||
| 2. | The Sole Initial Shareholder represents and warrants to the Fund that the Sole Initial Shareholder is acquiring the Shares for investment purposes only and not with a view to resale or further distribution. | ||
| 3. | The Sole Initial Shareholder’s right under this Purchase Agreement to purchase the Shares is not assignable. |
IN WITNESS WHEREOF, the Fund and the Sole Initial Shareholder have caused their duly
authorized officers to execute this Purchase Agreement as of the date first above written.
| DWS DREMAN VALUE INCOME EDGE FUND, INC. | DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC. | |||||||||
By:
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By: | |||||||||
Name:
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Name: | |||||||||
Title:
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Title: | |||||||||
