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DWS Municipal Income Trust (KTF) and DWS Strategic Municipal Income Trust (KSM) announced their Annual Meeting of Shareholders will be on September 20, 2024, in Boston, Massachusetts. Shareholders as of August 2, 2024, are eligible to vote. Both funds invest in municipal bonds susceptible to interest-rate, credit, liquidity, and market risks. Rising interest rates typically lower bond prices, and municipal securities face risks from political events, local economic conditions, and issuer bankruptcies. The funds also use derivatives, which add liquidity and leverage risks, potentially increasing volatility. Closed-end funds like these typically trade at a discount to net asset value and are subject to US and global economic uncertainties, which may impact market volatility and fund performance.
The DWS closed-end funds KSM and KTF have declared their regular monthly distributions. The distributions are set to be paid out in May 2024, with KSM offering $0.0260 per share and KTF providing $0.0610 per share. The funds aim to distribute their net investment income monthly and any realized capital gains at least annually. Shareholders should be aware that a portion of KTF's distribution may consist of a return of capital, which does not reflect the fund's investment performance. Both funds are subject to various risks related to interest rates, credit, liquidity, and market conditions, and investors should consider these factors before investing.