The DWS closed-end funds listed below (each, a “Fund”) announced
today their regular monthly distributions.
Details are as follows:
October Monthly Distributions
Declaration – 10/07/2024
Ex-Date – 10/17/2024
Record – 10/17/2024
Payable – 10/31/2024
Fund
Ticker
Distribution Per Share
Prior Distribution Per
Share
DWS Strategic Municipal Income Trust
KSM
$0.0230
$0.0230
DWS Municipal Income Trust
KTF
$0.0610
$0.0610
KSM’s last anticipated regular monthly dividend will be for the
month of October. The Fund does not expect to pay its regular
November monthly dividend. Any net investment income earned in
November would consequently be included as part of KSM’s final
liquidating distribution to common shareholders, which is currently
expected to occur on or about November 20, 2024.
KTF 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, KTF may distribute
more or less than its net investment income during the period. In
the event KTF 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 KTF’s
net asset value.
It is estimated that a portion of KTF’s October 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 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-103015 -1)
(10/24)
View source
version on businesswire.com: https://www.businesswire.com/news/home/20241007666133/en/
For additional information:
DWS Press Office (212) 454-4500 Shareholder Account
Information (800) 294-4366 DWS Closed-End Funds (800)
349-4281
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