Welcome to our dedicated page for DWS Municipal Income Trust news (Ticker: KTF), a resource for investors and traders seeking the latest updates and insights on DWS Municipal Income Trust stock.
DWS Municipal Income Trust reports news tied to its role as a NYSE-listed closed-end municipal bond fund. Recurring updates focus on annual shareholder meetings, trustee elections, and voting by common and preferred shareholders.
The fund invests in tax-exempt municipal securities for income and discloses closed-end fund considerations such as exchange trading, discounts or premiums to net asset value, bond market risks, municipal issuer credit risk, derivatives, leverage, and distribution tax treatment.
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DWS Municipal Income Trust (NYSE: KTF) announced the successful issuance of 3,975 Variable Rate MuniFund Term Preferred Shares, Series 2020-1, totaling $198.75 million. The funds raised will redeem all outstanding Series 2018 MTPS, maintaining leverage levels. The Series 2020-1 VMTPS have a maturity date of November 10, 2049, with dividends set weekly based on rates. The funds are subject to various risks, including interest-rate risks and potential market volatility.
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DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) held their 2020 Joint Annual Meeting of Shareholders on September 25, 2020, achieving quorum. Both funds successfully elected new Class III Trustees, Mr. John W. Ballantine and Ms. Rebecca W. Rimel, alongside preferred share Trustees Mr. Keith R. Fox and Ms. Dawn-Marie Driscoll. Shareholders participated collectively in the voting process. For further details, including performance metrics, visit dws.com.