DWS Municipal Income Trust and DWS Strategic Municipal Income Trust Announce Annual Meeting of Shareholders

Rhea-AI Summary

DWS Municipal Income Trust (KTF) and DWS Strategic Municipal Income Trust (KSM) will hold their Annual Meeting of Shareholders on September 23, 2022, in Boston, MA. Shareholders of record on August 5, 2022, can vote at the meeting, which may be held remotely due to COVID-19 precautions. The Funds highlight risks associated with bond investments, including interest-rate and credit risks, and emphasize that their distributions could be subject to taxes. The press release underscores that closed-end fund shares may trade at a discount to net asset value.

Positive

• None.

Negative

• Bond investments carry interest-rate, credit, liquidity, and market risks.
• Market for municipal bonds may be less liquid, impacting investment returns.
• Investments in derivatives entail special liquidity and credit risks.
• Closed-end fund shares may frequently trade at a discount to net asset value.

NEW YORK--(BUSINESS WIRE)-- DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and, collectively, the “Funds”) announced that the Annual Meeting of Shareholders for each Fund will be held on September 23, 2022 at the offices of DWS Investment Management Americas, Inc., 100 Summer Street, Boston, MA 02110. Holders of record of common shares and preferred shares of the Funds at the close of business on August 5, 2022 are entitled to vote at the Annual Meeting and any adjournments or postponements thereof.

As part of precautions regarding the coronavirus or COVID-19, the Funds are planning for the possibility that the Annual Meeting may be held solely by means of remote communication rather than in person at the offices of DWS Investment Management Americas, Inc. If this step is taken, the Funds will announce the decision to do so in advance, together with details on how to participate. If the Funds decide to hold the Annual Meeting solely by means of remote communication, the Funds may also change the date and time of the Annual Meeting and will announce any changes to the date and time of the Annual Meeting in advance.

For more information on the Funds, including their most recent month-end performance, visit dws.com or call (800) 349-4281.

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 U.S. and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the funds and their investments.

NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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-090084-1) (05/22)

View source version on businesswire.com: https://www.businesswire.com/news/home/20220520005370/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

FAQ

When is the Annual Meeting of Shareholders for KTF and KSM?

The Annual Meeting of Shareholders for KTF and KSM is scheduled for September 23, 2022.

What is the record date for voting at the KTF and KSM Annual Meeting?

The record date for voting is August 5, 2022.

Will the KTF and KSM Annual Meeting be held in person?

The meeting may be held remotely due to COVID-19 precautions, with an announcement to follow.

What are the risks associated with investing in KTF and KSM?

Investing in KTF and KSM involves risks such as interest-rate, credit, liquidity, and market risks.

Can the distributions from KTF and KSM be subject to taxes?

Yes, a portion of the distributions from KTF and KSM may be subject to federal, state, and local taxes.