DWS Municipal Income Trust (NYSE: KTF) declared a monthly
distribution of $0.051 per common share, payable on October 31, 2008 to
shareholders of record on October 16, 2008. The ex-date is October 14,
2008. The previous monthly distribution was $0.051 per share.
The current distribution rate represents a 7.03% annualized yield based
on the closing market price of $8.70 on October 3, 2008 and a 5.93%
annualized yield on a closing NAV of $10.32 on the same date.
Future earnings of the Fund cannot be guaranteed and the Fund's
distribution policy is subject to change. For more information on KTF
please contact a representative at (800) 349.4281 or visit us on the web
at www.dws-investments.com.
DWS 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. The fund invests in
individual bonds whose yields and market values fluctuate, so that your
investment may be worth more or less than its original cost.
Additionally, although the fund seeks income that is federally tax–free,
a portion of the fund’s distributions may be
subject to federal, state, local and alternative minimum tax. Bond
investments are subject to interest-rate risk such that when interest
rates rise, the prices of the bonds, and thus the value of the bond
fund, can decline and the investor can lose principal value.
Investments in closed-end funds involve risk. 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 sold in the open market through a stock exchange. Shares
of closed-end funds frequently trade at a discount to net asset value.
The price of the 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. Annualized
yield is the latest monthly distribution shown as an annualized
percentage of net asset value/market price at month end. Annualized
yield simply measures the level of distribution and is not a complete
measure of performance. Market price, annualized distribution yield, net
asset value are historical and will fluctuate and do not guarantee
future results.
This announcement is not an offer to purchase or the solicitation of
an offer to sell shares of the Fund or a prospectus, circular or
representation intended for use in the purchase or sale of Fund shares.
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NOT FDIC/ NCUA INSURED -- MAY LOSE VALUE -- NO BANK GUARANTEE
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NOT A DEPOSIT -- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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DWS Investments is part of Deutsche Bank's Asset Management division
and, within the US, represents the retail asset management activities of
Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche
Investment Management Americas Inc. and DWS Trust Company. (R-4468-1
10/08)
Deutsche Bank Press Office (212) 250-7171, Media
Account
Information (800) 294-4366, Shareholders
DWS Closed-end
Funds (800) 349-4281, Investors