Certain DWS Closed-End Funds Declare Monthly Distributions
DWS closed-end funds have announced their regular monthly distributions. DWS Strategic Municipal Income Trust (KSM) will distribute $0.0230 per share, down from $0.0280 previously. DWS Municipal Income Trust (KTF) maintains its distribution at $0.0610 per share. Key dates include:
- Declaration: 09/09/2024
- Ex-Date: 09/19/2024
- Record: 09/19/2024
- Payable: 09/30/2024
Both funds aim to distribute all or most of their net investment income monthly and realized capital gains annually. KTF's September distribution may include a return of capital. Investors should note that closed-end funds trade on the open market, often at a discount to net asset value, and are subject to various risks including interest rate, credit, and market volatility.
I fondi chiusi DWS hanno annunciato la loro distribuzione mensile regolare. DWS Strategic Municipal Income Trust (KSM) distribuirà $0,0230 per azione, in calo rispetto a $0,0280 in precedenza. DWS Municipal Income Trust (KTF) mantiene la sua distribuzione a $0,0610 per azione. Le date chiave includono:
- Dichiarazione: 09/09/2024
- Data Ex: 09/19/2024
- Registrazione: 09/19/2024
- Pagamento: 09/30/2024
Entrambi i fondi mirano a distribuire tutto o gran parte del loro reddito da investimento netto mensilmente e i guadagni di capitale realizzati annualmente. La distribuzione di settembre di KTF potrebbe includere un rimborso di capitale. Gli investitori dovrebbero notare che i fondi chiusi vengono negoziati sul mercato aperto, spesso a un prezzo scontato rispetto al valore patrimoniale netto, e sono soggetti a vari rischi tra cui tassi di interesse, credito e volatilità di mercato.
Los fondos cerrados de DWS han anunciado sus distribuciones mensuales regulares. DWS Strategic Municipal Income Trust (KSM) distribuirá $0.0230 por acción, disminuyendo de $0.0280 anteriormente. DWS Municipal Income Trust (KTF) mantiene su distribución en $0.0610 por acción. Las fechas clave incluyen:
- Declaración: 09/09/2024
- Fecha Ex: 09/19/2024
- Registro: 09/19/2024
- Pago: 09/30/2024
Ambos fondos tienen como objetivo distribuir la totalidad o la mayor parte de sus ingresos netos de inversión mensualmente y ganancias de capital realizadas anualmente. La distribución de septiembre de KTF podría incluir un retorno de capital. Los inversores deben tener en cuenta que los fondos cerrados se negocian en el mercado abierto, a menudo con un descuento sobre el valor neto de los activos, y están sujetos a varios riesgos, incluidos los de tasa de interés, crédito y volatilidad del mercado.
DWS의 폐쇄형 펀드가 정기적인 월 배당금을 발표했습니다. DWS Strategic Municipal Income Trust (KSM)는 주당 $0.0230을 배당할 예정이며, 이전 $0.0280에서 감소했습니다. DWS Municipal Income Trust (KTF)는 주당 $0.0610으로 배당금을 유지합니다. 주요 날짜는 다음과 같습니다:
- 선언: 2024년 9월 9일
- Ex-Date: 2024년 9월 19일
- 기록일: 2024년 9월 19일
- 지급일: 2024년 9월 30일
두 펀드 모두 순 투자 수익의 전부 또는 대부분을 매달 배당하고, 실현된 자본 이익을 매년 배당할 것을 목표로 하고 있습니다. KTF의 9월 배당금에는 자본 환급이 포함될 수 있습니다. 투자자들은 폐쇄형 펀드가 공개 시장에서 거래되며, 순 자산 가치에 비해 종종 할인된 가격으로 거래된다는 점과 이자율, 신용, 시장 변동성 등 다양한 위험에 노출되어 있다는 점을 유의해야 합니다.
Les fonds fermés DWS ont annoncé leurs distributions mensuelles régulières. DWS Strategic Municipal Income Trust (KSM) distribuera $0,0230 par action, en baisse par rapport à $0,0280 précédemment. DWS Municipal Income Trust (KTF) maintient sa distribution à $0,0610 par action. Les dates clés incluent :
- Déclaration : 09/09/2024
- Date Ex : 09/19/2024
- Enregistrement : 09/19/2024
- Paiement : 09/30/2024
Les deux fonds visent à distribuer la totalité ou la majorité de leur revenu d'investissement net chaque mois et les gains en capital réalisés chaque année. La distribution de septembre de KTF pourrait inclure un retour de capital. Les investisseurs doivent noter que les fonds fermés se négocient sur le marché libre, souvent à un prix inférieur à la valeur nette d'inventaire, et sont soumis à divers risques, y compris le risque de taux d'intérêt, de crédit et de volatilité du marché.
DWS geschlossene Fonds haben ihre regulären monatlichen Ausschüttungen bekannt gegeben. DWS Strategic Municipal Income Trust (KSM) wird $0,0230 pro Aktie ausschütten, ein Rückgang von zuvor $0,0280. DWS Municipal Income Trust (KTF) hält seine Ausschüttung bei $0,0610 pro Aktie. Wichtige Daten sind:
- Erklärung: 09/09/2024
- Ex-Tag: 09/19/2024
- Stichtag: 09/19/2024
- Zahlbar: 09/30/2024
Beide Fonds zielen darauf ab, monatlich das gesamte oder den Großteil ihres Netto-Investitionseinkommens und jährlich realisierte Kapitalgewinne auszuschütten. Die September-Ausschüttung von KTF könnte eine Rückzahlung des Kapitals beinhalten. Anleger sollten beachten, dass geschlossene Fonds im offenen Markt gehandelt werden, oft zu einem Abschlag auf den Nettoinventarwert, und verschiedenen Risiken wie Zins-, Kredit- und Marktvolatilität ausgesetzt sind.
- None.
- None.
Details are as follows:
September Monthly Distributions
Declaration – 09/09/2024 |
Ex-Date – 09/19/2024 |
Record – 09/19/2024 |
Payable – 09/30/2024 |
Fund |
Ticker |
Distribution Per Share |
Prior Distribution Per Share |
DWS Strategic Municipal Income Trust |
KSM |
|
|
DWS Municipal Income Trust |
KTF |
|
|
Each Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distributions and to distribute any realized capital gains at least annually. In addition, in any monthly period, to maintain its declared per common share distribution amount, each Fund may distribute more or less than its net investment income during the period. In the event a Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. When distributions exceed total return performance, the difference will reduce a Fund’s net asset value.
It is estimated that a portion of KTF’s September distribution consists of a return of capital. A return of capital may occur, for example, when some or all of a shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect a fund’s investment performance and should not be confused with “yield” or “income.” Shareholders should not draw any conclusions about KTF’s investment performance from the amount of its monthly distribution. As required by Federal securities laws, KTF will issue a notice to its common shareholders in connection with its monthly distribution that contains information about the amount and estimated sources of the distribution and other related information. The final determination of the source and tax status of all distributions paid in 2024 will be made after the end of 2024 and will be provided on Form 1099-DIV.
Important Information
DWS Municipal Income Trust. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest. The market for municipal bonds may be less liquid than for taxable bonds, and there may be less information available on the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Leverage results in additional risks and can magnify the effect of any gains or losses. Although the fund seeks income that is exempt from federal income taxes, a portion of the fund’s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
DWS Strategic Municipal Income Trust. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer’s ability to make payments of principal and/or interest. The market for municipal bonds may be less liquid than for taxable bonds, and there may be less information available on the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Leverage results in additional risks and can magnify the effect of any gains or losses. Although the fund seeks income that is exempt from federal income taxes, a portion of the fund’s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are bought and sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to the net asset value. The price of a fund’s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.
Past performance is no guarantee of future results.
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like “expect,” “anticipate,” “believe,” “intend,” ”estimated” and similar expressions. Such statements represent management’s current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The following factors, among others, could cause actual results to differ materially from forward-looking statements: (i) the effects of adverse changes in market and economic conditions; (ii) legal and regulatory developments; and (iii) other additional risks and uncertainties, including public health crises (including the pandemic spread of viruses), war, terrorism, trade disputes and related geopolitical events.
War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the fund and its investments.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
DWS Distributors, Inc.
222 South Riverside Plaza
www.dws.com
Tel (800) 621-1148
© 2024 DWS Group GmbH & Co. KGaA. All rights reserved.
The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offer advisory services. (R-102566 -1) (09/24)
View source version on businesswire.com: https://www.businesswire.com/news/home/20240909437230/en/
DWS Press Office (212) 454-4500
Shareholder Account Information (800) 294-4366
DWS Closed-End Funds (800) 349-4281
Source: DWS Distributors, Inc.
FAQ
What is the new distribution amount for DWS Strategic Municipal Income Trust (KSM)?
When is the payable date for the September 2024 distributions of DWS closed-end funds?
Has the distribution amount changed for DWS Municipal Income Trust (KTF)?
What type of securities are affected by this distribution announcement?
Are there any tax implications for the September 2024 distribution of KTF?
