Some DWS Closed-End Funds Declare Monthly Distributions

NEW YORK–(BUSINESS WIRE)–The DWS closed-end funds listed below today announced their regular monthly distributions.

The details are as follows:

April monthly dividends

Declaration – 04/07/2022 Ex-Date – 04/14/2022 Registration – 04/19/2022 Payable – 04/29/2022

Important Information

DWS Municipal Income Trust. Bond investments are subject to varying degrees of interest rate, credit, liquidity and market risk. When interest rates rise, bond prices generally fall. Credit risk refers to an issuer’s ability to make timely payments of principal and interest. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a material effect on an issuer’s ability to make principal and/or interest payments. The market for municipal bonds may be less liquid than that for taxable bonds and there may be less information available about the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives involves special liquidity, leverage and credit risks which may reduce returns and/or increase volatility. Leverage involves additional risk and can magnify the effect of any gain or loss. Although the fund seeks income exempt from federal income tax, a portion of the fund’s distributions may be subject to federal, state and local taxes, including alternative minimum tax.

DWS Strategic Municipal Income Trust. Bond investments are subject to varying degrees of interest rate, credit, liquidity and market risk. When interest rates rise, bond prices generally fall. Credit risk refers to an issuer’s ability to make timely payments of principal and interest. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a material effect on an issuer’s ability to make principal and/or interest payments. The market for municipal bonds may be less liquid than that for taxable bonds and there may be less information available about the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives involves special liquidity, leverage and credit risks which may reduce returns and/or increase volatility. Leverage involves additional risk and can magnify the effect of any gain or loss. Although the fund seeks income exempt from federal income tax, a portion of the fund’s distributions may be subject to federal, state and local taxes, including alternative minimum tax.

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

Past performance is not indicative of future results.

This press release does not constitute an offer to sell or a solicitation to buy, and there will be no sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration. or qualification under the laws of such state or jurisdiction.

“War, terrorism, economic uncertainty, trade disputes, public health crises (including the recent pandemic spread of the novel coronavirus) and related geopolitical events could lead to increased market volatility, disruption of economies and U.S. and global markets and could have material adverse effects. about the fund and their investments.

NOT INSURED BY FDIC/NCUA • MAY LOSE VALUE • NO BANK GUARANTEE

NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Distributors DWS, Inc.

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Tel (800) 621-1148

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The DWS brand represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America LLC which offer advisory services . (R-089181-01) (4/22)