Certain DWS Closed-End Funds Declare Monthly Distributions

Rhea-AI Summary

DWS Group GmbH & Co. KGaA: DWS Closed-End Funds Announce Monthly Dividends. DWS Municipal Income Trust (KTF) declares $0.0250 dividend per share, up from $0.0235. DWS Strategic Municipal Income Trust (KSM) maintains $0.0260 dividend per share.

NEW YORK--(BUSINESS WIRE)-- The DWS closed-end funds listed below announced today their regular monthly distributions.

Details are as follows:

November Monthly Dividends

Declaration – 11/08/2023

Ex-Date – 11/17/2023

Record – 11/20/2023

Payable – 11/30/2023

Fund		Ticker		Dividend Per Share		Prior Dividend Per Share
DWS Municipal Income Trust		KTF		$0.0250		$0.0235
DWS Strategic Municipal Income Trust		KSM		$0.0260		$0.0260

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.

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
Chicago, IL 60606-5808
www.dws.com
Tel (800) 621-1148
© 2023 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-098466-1) (11/23)

View source version on businesswire.com: https://www.businesswire.com/news/home/20231108967065/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 are the details of the monthly dividends announced by DWS Closed-End Funds?

The DWS Closed-End Funds, DWS Municipal Income Trust (KTF) and DWS Strategic Municipal Income Trust (KSM), have declared their regular monthly distributions for November.

What are the dividend amounts declared for DWS Municipal Income Trust (KTF) and DWS Strategic Municipal Income Trust (KSM)?

The dividend per share for DWS Municipal Income Trust (KTF) is $0.0250, up from $0.0235, and for DWS Strategic Municipal Income Trust (KSM) is $0.0260, remaining unchanged.

What are the risks associated with bond investments in DWS Closed-End Funds?

Bond investments in DWS Closed-End Funds are subject to interest-rate, credit, liquidity, and market risks. When interest rates rise, bond prices generally fall. Municipal securities are also subject to specific risks related to local economic conditions and issuer's ability to make payments.

What are the key considerations for investing in closed-end funds?

Unlike open-end funds, closed-end funds are not continuously offered and frequently trade at a discount to the net asset value. Past performance is not a guarantee of future results, and various geopolitical events and market disruptions can lead to increased volatility.

What are the contact details for DWS Closed-End Funds?

For more information, the DWS Press Office can be reached at (212) 454-4500, Shareholder Account Information at (800) 294-4366, and DWS Closed-End Funds at (800) 349-4281.