|Bid||11.99 x 1100|
|Ask||12.02 x 900|
|Day's Range||11.99 - 12.08|
|52 Week Range||10.32 - 12.16|
|Beta (5Y Monthly)||0.18|
|PE Ratio (TTM)||20.36|
|Forward Dividend & Yield||0.50 (4.20%)|
|Ex-Dividend Date||Apr 15, 2021|
|1y Target Est||N/A|
The DWS closed-end funds listed below announced today their regular monthly distributions.
Each of DWS Municipal Income Trust and DWS Strategic Municipal Income Trust announced today a taxable short-term capital gain distribution per common share. Each Fund has both common and preferred shares outstanding. In accordance with a position taken by the Internal Revenue Service, each Fund is required to allocate a proportionate share of distributions designated as taxable to both its common and preferred shares.
DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a "Fund," and together, the "Funds") each announced today the completion of the issuance of a new series of Variable Rate MuniFund Term Preferred Shares, Series 2020-1 ("Series 2020-1 VMTPS") in a private offering. KTF issued 3,975 shares of Series 2020-1 VMTPS with an aggregate liquidation preference of $198,750,000, and KSM issued 700 shares of Series 2020-1 VMTPS with an aggregate liquidation preference of $70,000,000. Each Fund used the proceeds from the sale of its Series 2020-1 VMTPS to fund the redemption of all of its outstanding Floating Rate Municipal Term Preferred Shares, Series 2018 ("Series 2018 MTPS"). Each Fund’s Series 2018 MTPS was redeemed at its liquidation preference per share plus unpaid dividends accumulated from the original issue date to, but excluding, the redemption date. As a result of its Series 2020-1 VMTPS issuance and the redemption of its outstanding Series 2018 MTPS, each Fund’s leverage attributable to preferred shares remains unchanged.