Certain DWS Closed-End Funds Declare Monthly Distributions

Rhea-AI Summary

DWS closed-end funds KTF and KSM have announced their regular monthly dividends for December 2023. The dividends per share for KTF and KSM are $0.0265 and $0.0260, respectively. Both funds are subject to interest-rate, credit, liquidity, and market risks. Closed-end funds are not continuously offered and may trade at a discount to net asset value.

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

Details are as follows:

December Monthly Dividends

Declaration – 12/07/2023

Ex-Date – 12/15/2023

Record – 12/18/2023

Payable – 12/29/2023

Fund		Ticker		Dividend Per Share		Prior Dividend Per Share
DWS Municipal Income Trust		KTF		$0.0265		$0.0250
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-098951-1) (12/23)

View source version on businesswire.com: https://www.businesswire.com/news/home/20231207619384/en/

For additional information:

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 regular monthly dividends announced by DWS closed-end funds KTF and KSM for December 2023?

KTF and KSM have announced monthly dividends of $0.0265 and $0.0260 per share, respectively, for December 2023.

What risks are associated with investing in DWS closed-end funds?

Investing in DWS closed-end funds entails interest-rate, credit, liquidity, and market risks. Additionally, closed-end funds may trade at a discount to net asset value.

Are DWS closed-end funds continuously offered?

No, closed-end funds are not continuously offered. Once issued, shares of closed-end funds are bought and sold in the open market through a stock exchange.

What is the significance of the ex-date, record date, and payable date for the dividends?

The ex-date determines eligibility for receiving the dividends, the record date is the date by which shareholders must be on record to receive the dividends, and the payable date is when the dividends are distributed to eligible shareholders.

How can I obtain additional information about DWS closed-end funds?

For additional information, you can contact the DWS Press Office at (212) 454-4500 or the Shareholder Account Information at (800) 294-4366.