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DWS Funds Announce Results of Annual Meeting of Shareholders

^{Published on 2011-06-03 13:30:39 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--The Boards of Trustees of DWS High Income Trust (NYSE: KHI), DWS Strategic Municipal Income Trust (NYSE: KSM), DWS Strategic Income Trust (NYSE: KST), DWS Multi-Market Income Trust (NYSE: KMM), DWS Municipal Income Trust (NYSE: KTF), and the Board of Directors of DWS High Income Opportunities Fund, Inc.(NYSE: DHG) (each, a aFunda and collectively, the aFundsa) announced today the results for the 2011 Annual Meeting of Shareholders for each Fund held on June 3, 2011 (the aAnnual Meetinga).

For DHG, a quorum was present and the Class I Director nominees (John W. Ballantine, Dawn-Marie Driscoll, Kenneth C. Froewiss and Rebecca W. Rimel) and the Class III Director nominees (Henry P. Becton, Jr., Paul K. Freeman, William McClayton and Jean Gleason Stromberg) received a sufficient number of votes to be elected as Directors.

For each of KHI, KMM and KST, a quorum was present and the Class III nominees (John W. Ballantine, Dawn-Marie Driscoll, Kenneth C. Froewiss and Rebecca W. Rimel) received a sufficient number of votes to be elected as Trustees.

For each of KSM and KTF, a quorum was present and the Class III nominees (John W. Ballantine, Kenneth C. Froewiss and Rebecca W. Rimel) and preferred share nominees (Keith R. Fox and Robert H. Wadsworth) received a sufficient number of votes from the common and preferred shareholders voting together as a class and from the preferred shares voting separately as a class, respectively, to be elected as Trustees.

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

IMPORTANT INFORMATION

DWS High Income Trust (KHI), DWS Strategic Income Trust (KST) and DWS Multi-Market Income Trust (KMM) 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. Investments in lower-quality and non-rated securities present greater risk of loss than investments in higher-quality securities. 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. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks.

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.

DWS High Income Opportunities Fund, Inc. is 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. Investments in lower-quality and non-rated securities present greater risk of loss than investments in higher-quality securities. Investing in foreign securities, particularly those of emerging markets, presents certain risks, such as currency fluctuations, political and economic changes, and market risks. Stocks may decline in value. 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. There are special risks associated with an investment in real estate, including REITS. These risks include credit risk, interest rate fluctuations and the impact of varied economic conditions.

Shares of common stock of closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and, once issued, shares of common stock of closed-end funds are traded in the open market generally through a stock exchange. Common shares of closed-end funds frequently trade at a discount to net asset value. The price of common 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 common 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.

NOT FDIC/ NCUA INSURED a MAY LOSE VALUE a NO BANK GUARANTEE
NOT A DEPOSIT a NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

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-022676-106/11)