[SCHEDULE 13D/A] DWS MUNICIPAL INCOME TRUST SEC Filing
Sit Investment Associates, Inc. and Sit Fixed Income Advisors II, LLC filed Amendment No. 11 to a Schedule 13D reporting their combined beneficial ownership of 9,832,145 shares of DWS Municipal Income Trust common stock, representing 25.1% of the 39,172,838 shares outstanding (per the Issuer's Form N-CSRS as of May 31, 2025). The filing states the Shares are held in client accounts and that the Sit entities have shared voting and dispositive power over those Shares, with no sole voting or dispositive power reported. The Amendment updates and supplements prior Schedule 13D filings through Amendment No. 10 and identifies Exhibit A as a schedule of transactions in the last 60 days. No directors or executive officers of SIA or SFI directly own the Shares.
Sit Investment Associates, Inc. e Sit Fixed Income Advisors II, LLC hanno depositato la Emendamento n. 11 a una Schedule 13D riferendo la loro proprietà beneficiaria combinata di 9.832.145 azioni del DWS Municipal Income Trust azioni ordinarie, che rappresentano 25,1% delle 39.172.838 azioni in circolazione (secondo il Form N-CSRS dell'emittente al 31 maggio 2025). La denuncia afferma che le azioni sono detenute in conti cliente e che le entità Sit hanno potere di voto e di Disposizione condiviso sulle Azioni, senza alcun potere di voto o di disposizione esclusivo riportato. La Emendamento aggiorna e integra le precedenti presentazioni Schedule 13D fino all’Amendment No. 10 e identifica l’Allegato A come un calendario di transazioni negli ultimi 60 giorni. Nessun direttore o dirigente esecutivo di SIA o SFI detiene direttamente le Azioni.
Sit Investment Associates, Inc. y Sit Fixed Income Advisors II, LLC presentaron la Enmienda No. 11 a un Schedule 13D reportando su propiedad beneficiosa combinada de 9.832.145 acciones de DWS Municipal Income Trust, acciones ordinarias, que representan 25,1% de las 39.172.838 acciones en circulación (según el Formulario N-CSRS del Emisor a 31 de mayo de 2025). La presentación establece que las Acciones se mantienen en cuentas de clientes y que las entidades Sit disponen de potencia de voto y de disposición compartida sobre esas Acciones, sin poder de voto o disposición exclusivo reportado. La Enmienda actualiza y complementa las presentaciones anteriores de Schedule 13D hasta la Enmienda No. 10 y identifica el Anexo A como un cronograma de transacciones en los últimos 60 días. Ningún director o alto ejecutivo de SIA o SFI posee directamente las Acciones.
Sit Investment Associates, Inc. 및 Sit Fixed Income Advisors II, LLC는 DWS Municipal Income Trust의 보통주 9,832,145주에 대한 결합 유익 보유를 보고하는 Schedule 13D의 제11호 개정안을 제출했으며, 이는 총 발행 주식 39,172,838주의 25.1%를 나타냅니다(발행자의 Form N-CSRS에 따라 2025년 5월 31일 기준). 제출서는 주식이 고객 계정에 보유되어 있으며 Sit 계열사들이 그 주식에 대해 공동 의결권 및 처분권을 가진다고 명시하며 단독 의결권 또는 처분권은 보고되지 않았습니다. 이 개정은 제10호 개정까지의 이전 Schedule 13D 제출을 업데이트 및 보완하고 Exhibit A를 최근 60일간의 거래 일정으로 식별합니다. SIA 또는 SFI의 이사 또는 경영진은 직접 주식을 보유하지 않습니다.
Sit Investment Associates, Inc. et Sit Fixed Income Advisors II, LLC ont déposé l'Amandement n° 11 d'un Schedule 13D rapportant leur propriété bénéficiaire combinée de 9 832 145 actions ordinaires du DWS Municipal Income Trust, représentant 25,1% des 39 172 838 actions en circulation (selon le formulaire N-CSRS de l'émetteur au 31 mai 2025). Le dépôt indique que les actions sont détenues dans des comptes clients et que les entités Sit disposent d’un pouvoir de vote et de disposition partagé sur ces actions, sans pouvoir de vote ou de disposition seul déclaré. L'Amandement met à jour et complète les dépôts Schedule 13D antérieurs jusqu'à l'Amd. n° 10 et identifie l'Exhibit A comme un calendrier des transactions des 60 derniers jours. Aucun administrateur ou dirigeant exécutif de SIA ou SFI ne détient directement les actions.
Sit Investment Associates, Inc. und Sit Fixed Income Advisors II, LLC haben Amendment Nr. 11 zu einem Schedule 13D eingereicht, in dem ihre gemeinsame wirtschaftliche Eigentümerschaft von 9.832.145 Aktien des DWS Municipal Income Trust Stammaktien gemeldet wird, was 25,1% der 39.172.838 ausstehenden Aktien (laut Emittent Form N-CSRS per 31. Mai 2025) entspricht. Die Einreichung erklärt, dass die Aktien in Kundenkonten gehalten werden und dass die Sit-Gesellschaften über gemeinsame Stimm- und Verfügungsbefugnis über diese Aktien verfügen, ohne dass eine alleinige Stimm- oder Verfügungsbefugnis gemeldet wird. Die Amendment aktualisiert und ergänzt frühere Schedule-13D-Einreichungen bis Amendment Nr. 10 und identifiziert Anhang A als eine Übersicht von Transaktionen der letzten 60 Tage. Keine Direktoren oder leitenden Angestellten von SIA oder SFI besitzen die Aktien direkt.
Sit Investment Associates, Inc. وSit Fixed Income Advisors II, LLC قد قاما بتقديم التعديل رقم 11 إلى Schedule 13D للإبلاغ عن الملكية المفيدة المشتركة لديهما لــ 9,832,145 سهماً من أسهم DWS Municipal Income Trust العادية، تشكل 25.1% من 39,172,838 سهماً قائمة (وفق نموذج issuer N-CSRS حتى 31 مايو 2025). تنص الإيداع على أن الأسهم مملوكة في حسابات العملاء وأن كيانات Sit لديها سلطة التصويت والتصرف مشتركة على تلك الأسهم، بدون وجود سلطة تصويت أو تصرف فردية مُبلغ عنها. يقوم التعديل بتحديث وتكميل التقديمات السابقة لـ Schedule 13D حتى التعديل رقم 10 ويحدد Exhibit A كجدول للمعاملات خلال آخر 60 يوماً. لا يوجد مديرون أو كبار التنفيذيين في SIA أو SFI يمتلكون الأسهم مباشرة.
Sit Investment Associates, Inc. 与 Sit Fixed Income Advisors II, LLC 提交了 Schedule 13D 的修正案第11号，报告他们对 DWS Municipal Income Trust 普通股的共同受益所有权为 9,832,145 股，约占已发行股数中的 25.1%，即 39,172,838 股（以发行人 Form N-CSRS 截至 2025 年 5 月 31 日为准）。该申报表示股票托管在客户账户中，Sit 实体对这些股票拥有 共同投票权与处置权，未报告任何单独投票权或处置权。该修正案更新并补充至第10号修正案之前的 Schedule 13D 文件，并把 Exhibit A 确认为过去60天交易的时间表。SIA 或 SFI 的董事或执行官均未直接持有这些股票。
- 9,832,145 shares reported beneficially owned, representing 25.1% of outstanding stock
- Holdings are held in client accounts with shared voting and dispositive power, indicating institutional stewardship
- None.
Insights
25.1% holding signals significant influence over the Issuer
The Sit entities report combined beneficial ownership of 9,832,145 Shares, equal to 25.1% of outstanding common stock; they state shared voting and dispositive power rather than sole control. This level of ownership can confer substantial influence on shareholder votes and governance matters without asserting sole control.
The filing is an amendment (No. 11) to a prior Schedule 13D, indicating an ongoing disclosure relationship and that transaction activity occurred recently (Exhibit A lists trades in the last 60 days).
Holdings are in client accounts; assets likely managed, not insider stakes
The filing specifies the Shares are held in client accounts and the Sit entities used source of funds coded OO, consistent with discretionary portfolio management rather than corporate treasury or direct executive ownership. The statement that no SIA or SFI directors or officers directly own the Shares clarifies this is an institutional position.
This distinction matters for investor interpretation: it documents a large institutional allocation to the fund but does not indicate insider accumulation by the adviser’s executives.
Sit Investment Associates, Inc. e Sit Fixed Income Advisors II, LLC hanno depositato la Emendamento n. 11 a una Schedule 13D riferendo la loro proprietà beneficiaria combinata di 9.832.145 azioni del DWS Municipal Income Trust azioni ordinarie, che rappresentano 25,1% delle 39.172.838 azioni in circolazione (secondo il Form N-CSRS dell'emittente al 31 maggio 2025). La denuncia afferma che le azioni sono detenute in conti cliente e che le entità Sit hanno potere di voto e di Disposizione condiviso sulle Azioni, senza alcun potere di voto o di disposizione esclusivo riportato. La Emendamento aggiorna e integra le precedenti presentazioni Schedule 13D fino all’Amendment No. 10 e identifica l’Allegato A come un calendario di transazioni negli ultimi 60 giorni. Nessun direttore o dirigente esecutivo di SIA o SFI detiene direttamente le Azioni.
Sit Investment Associates, Inc. y Sit Fixed Income Advisors II, LLC presentaron la Enmienda No. 11 a un Schedule 13D reportando su propiedad beneficiosa combinada de 9.832.145 acciones de DWS Municipal Income Trust, acciones ordinarias, que representan 25,1% de las 39.172.838 acciones en circulación (según el Formulario N-CSRS del Emisor a 31 de mayo de 2025). La presentación establece que las Acciones se mantienen en cuentas de clientes y que las entidades Sit disponen de potencia de voto y de disposición compartida sobre esas Acciones, sin poder de voto o disposición exclusivo reportado. La Enmienda actualiza y complementa las presentaciones anteriores de Schedule 13D hasta la Enmienda No. 10 y identifica el Anexo A como un cronograma de transacciones en los últimos 60 días. Ningún director o alto ejecutivo de SIA o SFI posee directamente las Acciones.
Sit Investment Associates, Inc. 및 Sit Fixed Income Advisors II, LLC는 DWS Municipal Income Trust의 보통주 9,832,145주에 대한 결합 유익 보유를 보고하는 Schedule 13D의 제11호 개정안을 제출했으며, 이는 총 발행 주식 39,172,838주의 25.1%를 나타냅니다(발행자의 Form N-CSRS에 따라 2025년 5월 31일 기준). 제출서는 주식이 고객 계정에 보유되어 있으며 Sit 계열사들이 그 주식에 대해 공동 의결권 및 처분권을 가진다고 명시하며 단독 의결권 또는 처분권은 보고되지 않았습니다. 이 개정은 제10호 개정까지의 이전 Schedule 13D 제출을 업데이트 및 보완하고 Exhibit A를 최근 60일간의 거래 일정으로 식별합니다. SIA 또는 SFI의 이사 또는 경영진은 직접 주식을 보유하지 않습니다.
Sit Investment Associates, Inc. et Sit Fixed Income Advisors II, LLC ont déposé l'Amandement n° 11 d'un Schedule 13D rapportant leur propriété bénéficiaire combinée de 9 832 145 actions ordinaires du DWS Municipal Income Trust, représentant 25,1% des 39 172 838 actions en circulation (selon le formulaire N-CSRS de l'émetteur au 31 mai 2025). Le dépôt indique que les actions sont détenues dans des comptes clients et que les entités Sit disposent d’un pouvoir de vote et de disposition partagé sur ces actions, sans pouvoir de vote ou de disposition seul déclaré. L'Amandement met à jour et complète les dépôts Schedule 13D antérieurs jusqu'à l'Amd. n° 10 et identifie l'Exhibit A comme un calendrier des transactions des 60 derniers jours. Aucun administrateur ou dirigeant exécutif de SIA ou SFI ne détient directement les actions.
Sit Investment Associates, Inc. und Sit Fixed Income Advisors II, LLC haben Amendment Nr. 11 zu einem Schedule 13D eingereicht, in dem ihre gemeinsame wirtschaftliche Eigentümerschaft von 9.832.145 Aktien des DWS Municipal Income Trust Stammaktien gemeldet wird, was 25,1% der 39.172.838 ausstehenden Aktien (laut Emittent Form N-CSRS per 31. Mai 2025) entspricht. Die Einreichung erklärt, dass die Aktien in Kundenkonten gehalten werden und dass die Sit-Gesellschaften über gemeinsame Stimm- und Verfügungsbefugnis über diese Aktien verfügen, ohne dass eine alleinige Stimm- oder Verfügungsbefugnis gemeldet wird. Die Amendment aktualisiert und ergänzt frühere Schedule-13D-Einreichungen bis Amendment Nr. 10 und identifiziert Anhang A als eine Übersicht von Transaktionen der letzten 60 Tage. Keine Direktoren oder leitenden Angestellten von SIA oder SFI besitzen die Aktien direkt.
FAQ
What stake do the Sit entities report in DWS Municipal Income Trust (KTF)?
Are the reported shares directly owned by SIA or SFI executives?
Do the Sit entities have voting control over the shares?
What does Amendment No. 11 update?
How many shares outstanding did the filing use to calculate the percentage?
