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

NEW YORK–(BUSINESS WIRE)–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 12, 2019 at the offices of DWS Investment
Management Americas, Inc., 345 Park Avenue, New York, NY 10154. Holders
of record of common shares and preferred shares of the Funds at the
close of business on July 11, 2019 are entitled to vote at the annual
meeting and any adjournments or postponements thereof.

For more information on the Funds, including their most recent month-end
performance, visit dws.com
or call (800) 349-4281.

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. 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.

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DWS Strategic 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. 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.

Closed-end funds, unlike open-end funds, are not continuously
offered. There is a one-time public offering and once issued, shares of
closed-end funds are bought and sold in the open market through a stock
exchange. Shares of closed-end funds frequently trade at a discount to
the net asset value. The price of a fund’s 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 shares will trade at,
below or above net asset value.

Past performance is no guarantee of future results.

This press release shall not constitute an offer to sell or a
solicitation to buy, nor shall there be any sale of these 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.

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

NOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

The brand DWS 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
L.L.C. which offer advisory services. (R-067426-1) (05/19)

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Contacts

For additional information:
DWS
Press Office (212) 250-0072
Shareholder Account Information
(800) 294-4366
DWS Closed-End Funds (800) 349-4281