Liquidation: DWS MUNICIPAL INCOME TRUST

Form Type: N-CSR

Filing Date: 2025-01-31

Corporate Action: Liquidation

Type: New

Accession Number: 000008805325000091

Filing Summary: DWS Municipal Income Trust has reported its Annual Report to Shareholders for the fiscal year ending November 30, 2024. The Fund aims to provide a high level of current income exempt from federal income tax. As of the reporting date, the Fund's net asset value was $10.33, showing an annual return of 9.45% based on net asset value and a market price return of 26.19%. The Fund has been emphasizing its positioning in long-term maturity bonds with high book yields and has made adjustments towards lower quality and BBB issues selectively. On March 28, 2024, the Board of Trustees approved the termination of the Fund, which entails a liquidating distribution to shareholders no later than November 30, 2026, while concurrently increasing the monthly distribution rate to an annualized rate of at least 7%. Despite challenges like rising rates and economic uncertainty, the Fund's management remains focused on long-term income generation and strategic portfolio adjustments to maximize returns.