Certain DWS Closed-End Funds Declare Monthly Distributions

Rhea-AI Summary

DWS Municipal Income Trust (KTF) and DWS Strategic Municipal Income Trust (KSM) announced their regular monthly distributions for March 2024. KTF will pay $0.0350 per share, up from $0.0290, while KSM will pay $0.0300 per share. Both funds warn of risks related to bond investments, interest rates, credit, and market conditions.

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

Details are as follows:

March Monthly Dividends

Declaration – 03/08/2024

Ex-Date – 03/19/2024

Record – 03/20/2024

Payable – 03/28/2024

Fund	Ticker	Dividend Per Share	Prior Dividend Per Share
DWS Municipal Income Trust	KTF	$0.0350	$0.0290
DWS Strategic Municipal Income Trust	KSM	$0.0300	$0.0290

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
© 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-100127-1) (03/24)

View source version on businesswire.com: https://www.businesswire.com/news/home/20240308795107/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 monthly dividends declared for KTF and KSM in March 2024?

KTF declared a dividend of $0.0350 per share, up from $0.0290, while KSM declared a dividend of $0.0300 per share.

What risks are associated with bond investments according to the PR?

Bond investments are subject to interest-rate, credit, liquidity, and market risks, with bond prices generally falling when interest rates rise.

What are the risks related to municipal securities mentioned in the PR?

Municipal securities are subject to risks from litigation, legislation, political events, local economic conditions, and issuer bankruptcy affecting payment of principal and interest.

What special risks are highlighted for investing in derivatives in the PR?

Investing in derivatives entails risks related to liquidity, leverage, and credit, potentially reducing returns and increasing volatility.

What are the key differences between closed-end funds and open-end funds mentioned in the PR?

Closed-end funds have a one-time public offering and trade on stock exchanges, often at a discount to net asset value, unlike open-end funds that are continuously offered.