DWS Municipal Income Trust and DWS Strategic Municipal Income Trust Announce Annual Meeting of Shareholders

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and, collectively, the “Funds”) announced that the Annual Meeting of Shareholders for each Fund will be held on September 23, 2022 at the offices of DWS Investment Management Americas, Inc., 100 Summer Street, Boston, MA 02110. Holders of record of common shares and preferred shares of the Funds at the close of business on August 5, 2022 are entitled to vote at the Annual Meeting and any adjournments or postponements thereof.

As part of precautions regarding the coronavirus or COVID-19, the Funds are planning for the possibility that the Annual Meeting may be held solely by means of remote communication rather than in person at the offices of DWS Investment Management Americas, Inc. If this step is taken, the Funds will announce the decision to do so in advance, together with details on how to participate. If the Funds decide to hold the Annual Meeting solely by means of remote communication, the Funds may also change the date and time of the Annual Meeting and will announce any changes to the date and time of the Annual Meeting in advance.

For more information on the Funds, including their most recent month-end performance, visit dws.com or call [phone].

Important Information

DWS Municipal Income Trust. 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. 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 significant effect on an issuer’s ability to make payments of principal and/or interest. The market for municipal bonds may be less liquid than for taxable bonds and there may be less information available on the financial condition of issuers of municipal securities than for public corporations. 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.