DWS High Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund seeks diversified portfolio of income-producing securities, the highest current income obtainable consistent with reasonable risk as determined by the Advisor. As a secondary objective, the fund seeks capital gains where consistent with its primary objective. The Fund invests in a range of sectors, which include consumer discretionary, financials, telecommunication services, materials, energy, industrials, health care, information technology, consumer staples and utilities. Deutsche Investment Management Americas Inc. (DIMA) is the investment advisor of the Fund, which is part of Deutsche Asset Management. DIMA is an indirect, wholly owned subsidiary of Deutsche Bank AG.