DWS Municipal Income Trust redeems 3,800 preferred shares

The redemption price comprised a $50,000.00 liquidation preference and $89.37790 in accrued dividends per share.

Rhea-AI Filing Summary

JPMorgan Chase Bank, N.A. reported disposition transactions in this Form 4 filing. DWS Municipal Income Trust (KTF) redeemed 3,800 Variable Rate MuniFund Term Preferred Shares, Series 2020-1 on October 14, 2026. The shares were indirectly beneficially owned by JPMorgan Chase Bank, N.A., a ten percent owner, through the J.P. Morgan PUTTERs/DRIVERs, Series 5055 Trust. The redemption price was $50,089.37790 per share, including a $50,000.00 liquidation preference and $89.37790 in accrued dividends. The reported resulting position was 0 shares.

Insider Trade Summary

Other: 3,800 shares

Other 1 txn

Insider JPMorgan Chase Bank, N.A.

Role 10% Owner

Type	Security	Shares	Price	Value
Other	Variable Rate MuniFund Term Preferred Shares, Series 2020-1 F1	3,800	--	--

Holdings After Transaction: Variable Rate MuniFund Term Preferred Shares, Series 2020-1 — 0 shares (Indirect, By Trust)

Footnotes (1)

1. F1. The 3,800 variable rate munifund term preferred shares reported as disposed of in Table I represent variable rate munifund term preferred shares, Series 2020-1 (the "VMTP Shares") indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB") through the J.P. Morgan PUTTERs/DRIVERs, Series 5055 Trust. The VMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $50,089.37790 per share (which includes a liquidation preference of $50,000.00 per share and accrued dividends of $89.37790 per share).

Key Figures

Shares disposed: 3,800 shares Redemption price: $50,089.37790 per share Liquidation preference: $50,000.00 per share +2 more

5 metrics

Shares disposed 3,800 shares Series 2020-1 shares redeemed on October 14, 2026

Redemption price $50,089.37790 per share Series 2020-1 shares redeemed on October 14, 2026

Liquidation preference $50,000.00 per share Component of the redemption price

Accrued dividends $89.37790 per share Component of the redemption price

Resulting position 0 shares Reported position following the transaction

Key Terms

VMTP Shares, redemption price, liquidation preference, accrued dividends

4 terms

VMTP Shares financial

"the "VMTP Shares""

redemption price financial

"for a redemption price of $50,089.37790 per share"

The redemption price is the amount of money a person receives when they sell or redeem a bond or investment before it matures. It’s important because it determines how much you get back and can affect your overall profit or loss on the investment. Think of it like the price you get when returning a gift card early—it's the value you receive at that time.

liquidation preference financial

"a liquidation preference of $50,000.00 per share"

A liquidation preference is a rule that determines who gets paid first and how much they receive when a company is sold, goes bankrupt, or distributes its assets. It gives certain investors a priority claim—often returning their original investment plus any agreed multiple—before other owners receive money, which shapes how much common shareholders and founders ultimately get; think of it as a front-of-the-line pass that affects payout order and investor returns.

accrued dividends financial

"accrued dividends of $89.37790 per share"

Accrued dividends are payments a company owes to shareholders that have been earned or officially declared but not yet paid; think of them as an IOU the company has for past dividend obligations. They matter to investors because they represent a near-term claim on a company’s cash, affect the company’s reported liabilities and value, and can be especially important when assessing income reliability or priority in a payout situation.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many KTF preferred shares were redeemed, and what was the price per share?

DWS Municipal Income Trust redeemed 3,800 Series 2020-1 Variable Rate MuniFund Term Preferred Shares at $50,089.37790 per share on October 14, 2026. The price included a $50,000.00 liquidation preference and $89.37790 in accrued dividends.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 10/16/2026 - 11:21 AM EDT Accepted by SEC EDGAR 10/16/2026 - 11:21 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

JPMorgan Chase Bank, N.A.

(Last) (First) (Middle)

1111 POLARIS PARKWAY

(Street)

COLUMBUS OHIO 43240

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
DWS MUNICIPAL INCOME TRUST [ KTF ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
10/14/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Variable Rate MuniFund Term Preferred Shares, Series 2020-1	10/14/2026		J(1)		3,800	D(1)	(1)	0	I	By Trust(1)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The 3,800 variable rate munifund term preferred shares reported as disposed of in Table I represent variable rate munifund term preferred shares, Series 2020-1 (the "VMTP Shares") indirectly beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB") through the J.P. Morgan PUTTERs/DRIVERs, Series 5055 Trust. The VMTP Shares were disposed of as a result of a redemption by the Issuer for a redemption price of $50,089.37790 per share (which includes a liquidation preference of $50,000.00 per share and accrued dividends of $89.37790 per share).

	JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, by: /s/ Adrian Budischak, Authorized Signatory	10/16/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)