DWS Strategic Municipal Income Trust Announces Final Liquidating Distribution
DWS Strategic Municipal Income Trust (formerly traded on the NYSE under the symbol “KSM”) (the “Fund”) announced today the payment of its final liquidating distribution to shareholders of $10.131 per share. Liquidation proceeds are expected to be disbursed on Thursday, November 21, 2024. The liquidating distribution is being made pursuant to the Fund’s Plan of Liquidation and Termination, as announced on July 19, 2024. The liquidating distribution represents all of the Fund’s remaining net assets except for amounts set aside for reasonably ascertainable liabilities and obligations of the Fund.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below (each, a “Fund”) announced today their regular monthly distributions.
DWS Closed-End Funds Announce Results of Annual Meeting of Shareholders
DWS Municipal Income Trust (
NYSE: KTF) and DWS Strategic Municipal Income Trust (
NYSE: KSM) (each, a “Fund” and collectively, the “Funds”) announced today the results of the 2024 Joint Annual Meeting of Shareholders of the Funds held on September 20, 2024.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below (each, a “Fund”) announced today their regular monthly distributions.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below (each, a “Fund”) announced today their regular monthly distributions.
DWS Strategic Municipal Income Trust Announces Additional Details Regarding Its Liquidation
DWS Strategic Municipal Income Trust (
NYSE: KSM) (the “Fund”) announced today that its Board of Trustees has approved a Plan of Liquidation and Termination for the Fund (the “Plan”) related to the previously announced liquidation of the Fund to occur no later than November 30, 2024. As further described below, a final liquidating distribution is expected to be made on or about November 20, 2024, for the Fund.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below (each, a “Fund”) announced today their regular monthly distributions.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below (each, a “Fund”) announced today their regular monthly distributions.
DWS Municipal Income Trust and DWS Strategic Municipal Income Trust Announce Annual Meeting of Shareholders
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 20, 2024 at the offices of DWS Investment Management Americas, Inc., 100 Summer Street, Boston, Massachusetts. Holders of record of common shares and preferred shares of the Funds at the close of business on August 2, 2024 are entitled to vote at the Annual Meeting and any adjournments or postponements thereof.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below (each, a “Fund”) announced today their regular monthly distributions.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below (each, a “Fund”) announced today their regular monthly distributions.
DWS Strategic Municipal Income Trust Announces Termination and Liquidating Distribution to Shareholders
DWS Strategic Municipal Income Trust (
NYSE: KSM) (the “Fund”) announced today that the Board of Trustees has approved the termination of the Fund, pursuant to which the Fund will make a liquidating distribution to shareholders no later than November 30, 2024.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below announced today their regular monthly distributions.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below announced today their regular monthly distributions.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below announced today their regular monthly distributions.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below announced today their regular monthly distributions.
Leverage Extended for DWS Municipal Income Trust and DWS Strategic Municipal Income Trust
DWS Municipal Income Trust (
NYSE: KTF) and DWS Strategic Municipal Income Trust (
NYSE: KSM) (each, a “Fund,” and together, the “Funds”) each announced that, effective as of today, the rate period termination date and the early term redemption date of the Fund’s currently outstanding Variable Rate MuniFund Term Preferred Shares, Series 2020-1 (“Series 2020-1 VMTPS”) have been extended to November 10, 2026 and May 10, 2027, respectively. In addition, effective November 16, 2023, the fixed spread component of the Series 2020-1 VMTPS dividend rate will be increased by seven basis points. Series 2020-1 VMTPS dividends are set weekly at a fixed spread (dependent on the then current ratings of the Series 2020-1 VMTPS) over the Securities Industry and Financial Markets Association Municipal Swap Index. Except for the above-described extensions, dividend rate increase and related technical amendments, the material terms and conditions of each Fund’s Series 2020-1 VMTPS remain the same. DWS Municipal Income Trust’s total Series 2020-1 VMTPS liquidation preference remains at its current level of $190,000,000, and DWS Strategic Municipal Income Trust’s total Series 2020-1 VMTPS liquidation preference remains at its current level of $60,000,000.1
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below announced today their regular monthly distributions.
Certain DWS Closed-End Funds Declare Monthly Distributions
The DWS closed-end funds listed below announced today their regular monthly distributions.
DWS Closed-End Funds Announce Results of Annual Meeting of Shareholders
DWS Municipal Income Trust (
NYSE: KTF) and DWS Strategic Municipal Income Trust (
NYSE: KSM) (each, a “Fund” and collectively, the “Funds”) announced today the results of the 2023 Joint Annual Meeting of Shareholders of the Funds held on September 29, 2023.
DWS Closed-End Funds Announce Extension of Share Repurchase Programs
DWS Municipal Income Trust (
NYSE: KTF) and DWS Strategic Municipal Income Trust (
NYSE: KSM) (each, a “Fund,” and collectively, the “Funds”) each announced today that its respective Board of Trustees has extended the Fund’s existing open market share repurchase program for an additional twelve-month period. Each Fund may continue to purchase outstanding shares of beneficial interest in open-market transactions over the twelve-month period from December 1, 2023 until November 30, 2024 when the Fund’s shares trade at a discount to net asset value (“NAV”). The amount and timing of the repurchases will be at the discretion of DWS Investment Management Americas, Inc. (“DIMA”), the Funds’ investment adviser, and subject to market conditions and investment considerations. DIMA will seek to purchase shares at prices that will be accretive to each Fund’s NAV.
