World News – CA – DWS Closed-End Funds Announces Results of Annual Meeting of Shareholders

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”) today announced the results of the 2020 Joint Annual Meeting of Shareholders of the Funds held on September 25, 2020

For each of the KTF and KSM, a quorum was present and the candidates for class III representatives (M John W Ballantine and Mrs. Rebecca W Rimel) and the nominees for preferred share trustees (M Keith R Fox and Ms. Dawn-Marie Driscoll) 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 in as trustees

For more information on the Funds, including their latest month-end performance, visit dwscom or call (800) 349-4281

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 makes reference to an issuer’s ability to make timely payments of principal and interest Municipal securities are exposed to the risk of litigation, laws or other political events, local business or economic conditions, or bankruptcy of the issuer may have a significant effect on an issuer’s ability to make principal and / or interest payments The municipal bond market may be less liquid than that of taxable bonds and there may be less information available on the financial situation of issuers of municipal securities than for public companies Investing in derivatives involves s specific risks related to liquidity, leverage and credit which may reduce returns and / or increase volatility Leverage carries additional risks and may amplify the effect of any gain or loss Although the fund seeks income that is 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 risks 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 exposed to the risk that litigation, laws or other political events, local business or economic conditions, or the Issuer bankruptcy can have a significant effect on an issuer’s ability to make principal and / or interest payments The municipal bond market may be less liquid than that of taxable bonds and there may be less  » information available on the financial situation of issuers of municipal securities only for public companies Investment in derivatives carries particular risks related to liquidity, leverage and credit which may reduce returns and / or increase volatility Leverage carries additional risks and can magnify the effect of any gain or loss Well as 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 permanently offered There is a single public offering and once issued, shares of closed-end funds are bought and sold in the open market through a stock exchange. Fixed capital frequently trade at a discount to net asset value The price of shares in a fund is determined by a number of factors, many of which are beyond the control of the fund Therefore, the fund cannot predict whether its shares will trade at, below or above the net asset value

This press release does not constitute an offer to sell or a solicitation to buy, nor any sale of such securities in any state or jurisdiction in which such an offer or solicitation or sale would be unlawful prior to registration or qualification under laws of such state or jurisdiction

War, terrorism, economic uncertainty, trade disputes, public health crises (including the recent pandemic spreading novel coronavirus) and related geopolitical events could lead to increased market volatility, disruption to economies and US and global markets and could have significant adverse effects on the funds and their investments

NOT FDIC / NCUA INSURED • MAY LOSE IN VALUE • NO BANK GUARANTEE
NOT A DEPOSIT • NOT INSURED BY AN AGENCY OF THE FEDERAL GOVERNMENT

The DWS brand represents DWS Group GmbH & Co KGaA and one 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- 078390-1) (09/20)

For more information:
DWS Press Office (212) 454-4500
Shareholder account information (800) 294-4366
Closed Fund DWS (800) 349-4281

For more information:
DWS Press Office (212) 454-4500
Shareholder account information (800) 294-4366
Closed Fund DWS (800) 349-4281

DWS Gr GmbH, investment fund, closed-end funds