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DWS Funds Announce Results of the Annual Meeting of Shareholders

^{Published on 2010-05-24 15:20:19 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Boards of Trustees of DWS Strategic Municipal Income Trust (NYSE: KSM) and DWS Municipal Income Trust (NYSE: KTF) (each, a aFunda and collectively, the aFundsa) announced today that the 2010 Annual Meeting of Shareholders for each Fund was held on May 24, 2010 (the aAnnual Meetinga).

For each of KSM and KTF, the common and preferred shareholders voting together re-elected the current Class II Board Members (Ms. Jean Gleason Stromberg and Messrs. Henry P. Becton, Paul K. Freeman and William McClayton). The two Trustees nominated for election solely by holders of each Funda™s preferred shares voting separately as a class, Messrs. Ingo Gefeke and Robert H. Wadsworth, were elected by preferred shareholders.

For more information on KSM and KTF visit [ www.dws-investments.com ] or call (800) 349-4281.

IMPORTANT INFORMATION

DWS Strategic Municipal Income Trust (KSM) and DWS Municipal Income Trust (KTF) are subject to investment risk. Bond investments are subject to interest-rate and credit risks. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Leverage results in additional risks and can magnify the effect of any losses. Although the funds seek income that is federally tax-free, a portion of the fundsa™ distributions may be subject to federal, state and local taxes, including the alternative minimum tax.

Closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and once issued, shares of closed-end funds are sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to net asset value. The price of the funda™s shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of Fund securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like aexpect,a aanticipate,a abelieve,a and similar expressions. Such statements represent management's current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

The following factors, among others, could cause actual results to differ materially from forward-looking statements: (i) the need to obtain any necessary regulatory approvals; (ii) the effects of changes in market and economic conditions; (iii) other legal and regulatory developments; and (iv) other additional risks and uncertainties.

DWS Investments is part of Deutsche Banka™s Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company.

(R-17658-105/10)