DWS Closed-End Funds Announces Results of Annual Meeting of Shareholders

NEW YORK, September 23, 2022–(BUSINESS WIRE)–DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund” and collectively, the “Funds”) today announced the results of the 2022 joint annual meeting of shareholders of the Funds held on September 23, 2022.

For KTF and KSM, a quorum was present and the Class II Trustee nominees (Mr. Chad D. Perry and Ms. Catherine Schrand) and the Preferred Share Trustee nominees (Mr. Keith R. Fox and Ms. Dawn-Marie Driscoll) have received a sufficient number of votes from Common Shareholders and Preferred Shareholders, voting together as one class, and Preferred Shareholders only, voting as a separate class, respectively, to be elected as Trustees.

For more information about 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 varying degrees of interest rate, credit, liquidity and market risk. When interest rates rise, bond prices generally fall. Credit risk refers to an issuer’s ability 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 material effect on an issuer’s ability to make payments. principal and/or interest. The market for municipal bonds may be less liquid than that for taxable bonds and there may be less information available about the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives involves special liquidity, leverage and credit risks which may reduce returns and/or increase volatility. Leverage involves additional risk and can magnify the effect of any gain or loss. Although the fund seeks income exempt from federal income tax, a portion of the fund’s distributions may be subject to federal, state and local taxes, including alternative minimum tax.

DWS Strategic Municipal Income Trust. Bond investments are subject to varying degrees of interest rate, credit, liquidity and market risk. When interest rates rise, bond prices generally fall. Credit risk refers to an issuer’s ability 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 material effect on an issuer’s ability to make payments. principal and/or interest. The market for municipal bonds may be less liquid than that for taxable bonds and there may be less information available about the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives involves special liquidity, leverage and credit risks which may reduce returns and/or increase volatility. Leverage involves additional risk and can magnify the effect of any gain or loss. Although the fund seeks income exempt from federal income tax, a portion of the fund’s distributions may be subject to federal, state and local taxes, including alternative minimum tax.

Closed-end funds, unlike open-ended funds, are not offered continuously. There is a single public offering and once issued, closed-end fund shares are bought and sold on the open market through an exchange. Shares of closed-end funds often trade at a discount to net asset value. The price of a fund’s shares is determined by a number of factors, many of which are beyond the fund’s control. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.

Past performance is not indicative of future results.

This press release does not constitute an offer to sell or a solicitation to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, 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 caused, and in the future may cause, significant disruptions to U.S. and global economies and markets , which may lead to increased market volatility and may have material adverse effects on the fund and its investments.

NOT INSURED BY FDIC/NCUA • MAY LOSE VALUE • NO BANK GUARANTEE

NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

The DWS brand 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 LLC which offer advisory services . (R-092001-1) (22/09)

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220923005333/en/

contacts

For more information :
DWS Press Office (212) 454-4500
Shareholder Account Information (800) 294-4366
DWS Closed-End Funds (800) 349-4281

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