KTF Research | Milton Maxwell

KTF

DWS Municipal Income Trust

9.11

+0.01+0.11%

Dec 16, 4:00:02 PM EST

Upcoming Earnings

Report date

-/-

Earnings Call Transcripts

This Quarter (Q4 '25)

No earnings call transcript available yet

Last Quarter (Q3 '25)

No earnings call transcript available

Key Stats

Market Cap

356.86M

P/E (TTM)

Basic EPS (TTM)

-0.15

Dividend Yield

0.08%

Recent Filings

8-K

Board governance changes

3/27/24Mar 27, 2024

DWS Municipal Income Trust's Board underwent changes effective March 27, 2024, with Class III Trustee John W. Ballantine resigning, prompting a one-member reduction in Class I and Richard J. Herring's reclassification to Class III. Keith R. Fox joined the Audit Committee. These shifts maintain board continuity amid routine governance adjustments.

8-K

SEC grants advisory continuity

10/27/20Oct 27, 2020

On October 20, 2020, the SEC issued a permanent order under Section 9(c) of the Investment Company Act, allowing DWS Investment Management Americas, Inc. to keep advising registered funds like DWS Municipal Income Trust despite a prior Consent Order. This update from the September 25 filing clears regulatory hurdles. Continuity assured. No further impacts disclosed.

8-K

SEC grants temporary advisory exemption

9/25/20Sep 25, 2020

DWS Municipal Income Trust's investment adviser, DIMA, faces no direct involvement in Deutsche Bank's June 17, 2020, Consent Order with the CFTC over a 2016 swap data reporting outage. Yet the SEC granted a temporary exemptive order on September 24, 2020, allowing DIMA to keep advising the trust uninterrupted. No assurance exists for a permanent order, though the SEC has approved similar relief before. Operations roll on seamlessly.

8-K

Deutsche Bank Consent Order disclosed

6/29/20Jun 29, 2020

DWS Municipal Income Trust disclosed that a June 17, 2020, Consent Order against Deutsche Bank AG for swap data reporting failures from a 2016 system outage does not involve the Trust or its advisor DIMA. DIMA assures the Board of no material impact on services, pending SEC exemptive orders to maintain advisory role despite the order's technical ineligibility under the Investment Company Act. DIMA keeps advising the Trust uninterrupted. Relief like this has succeeded before.

8-K

Deutsche Bank settlements disclosed

4/24/15Apr 24, 2015

Deutsche Municipal Income Trust disclosed that recent settlements by Deutsche Bank AG and DB Group Services (UK) Ltd. with the U.S. Department of Justice, involving a $150 million fine for wire fraud and a $625 million payment under a deferred prosecution agreement for LIBOR manipulation, do not involve the Trust or its service providers. These events stem from unrelated trading misconduct, not advisory activities. Service providers expect no material impact, pending a permanent SEC exemptive order. No disruption anticipated.

About

Deutsche Municipal Income Trust is a closed-ended fixed income mutual fund launched and managed by Deutsche Investment Management Americas, Inc. It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade tax-exempt municipal securities which are exempt from federal income tax. It seeks to invest in securities that are rated Baa or BBB or better by Moody's or S&P. The fund benchmarks the performance of its portfolio against the Barclays Municipal Bond Index. It was formerly known as DWS Municipal Income Trust. Deutsche Municipal Income Trust was formed on October 20, 1988 and is domiciled in the United States.

CEO

George Catrambone

IPO

10/24/1988

Website

https://fundsus.deutscheam.com/EN/products/deutsche-municipal-income-trust.jsp?core-key=309

Sector

Financial Services

Industry

Asset Management