Deutsche Municipal Income Trust and Deutsche Strategic Municipal Income Trust Declare Capital Gain Distribution

Each of Deutsche Municipal Income Trust and Deutsche 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.

Details are as follows:

Declaration – 12/08/2017

Ex-Date – 12/15/2017

Record – 12/18/2017

Payable – 12/29/2017

Fund				Ticker				Short Term Capital Gain (per common share)
Deutsche Municipal Income Trust				KTF				$0.0087
Deutsche Strategic Municipal Income Trust				KSM				$0.0037

Important Information

Deutsche Municipal Income Trust seeks to provide high current income exempt from federal income tax by investing in a diversified portfolio of investment-grade tax-exempt securities. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. 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 gains or losses. Although the fund seeks income that is exempt from federal income taxes, a portion of the fund’s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.