DWS Municipal Income Trust Announces Distribution Rate Increase

DWS Municipal Income Trust (KTF) (the “Fund”) announced today an increase to the Fund’s current monthly distribution rate by approximately 25% from $0.029 to $0.035 per share or approximately a 4.20% annualized distribution rate based on the Fund’s net asset value as of February 26, 2024. This increase is intended to help support secondary market trading in Fund shares and improve the Fund’s discount to net asset value. It is anticipated that to maintain the increased distribution rate, the Fund may ultimately make distributions from sources other than the current net investment income of the Fund, including a return of capital. The increase in the current distribution rate will be implemented with the Fund’s next monthly dividend scheduled to be announced on or about March 8, 2024.

The Fund intends to make regular monthly distributions to its common shareholders. The Fund’s ability to maintain its declared distribution amount will depend on a number of factors, including the amount and stability of investment income earned by the Fund, its asset mix, portfolio turnover, performance of its investments, level of retained earnings, the Fund’s expenses, the amount of leverage utilized by the Fund and the effects thereof, the costs of such leverage, the movement of interest rates for municipal bonds and general market conditions. There can be no assurance that an unanticipated change in market conditions or other factors will not result in a change in the Fund’s distributions at a future time.

Shareholders should not draw any conclusions about the Fund’s investment performance from the amount of the Fund’s monthly distribution rate. A portion of the distribution may be a return of capital. A return of capital may occur, for example, when some or all of the shareholder’s investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” When distributions exceed total return performance, the difference will reduce the Fund’s net asset value. As may be required by the Federal securities laws, the Fund will issue a notice to its common shareholders in connection with its monthly distributions containing information about the amount and sources of the distribution and other related information.