The DWS closed-end funds listed below announced today their regular monthly distributions.

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of DWS Municipal Income Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

DWS Municipal Income Trust (NYSE: KTF) and DWS Strategic Municipal Income Trust (NYSE: KSM) (each, a "Fund," and together, the "Funds") each announced today that its Board of Trustees has approved a refinancing plan that is expected to result in the outstanding leverage remaining unchanged for each Fund. Pursuant to the refinancing plan, each Fund intends to redeem all of its currently outstanding Floating Rate Municipal Term Preferred Shares, Series 2018 (the "Series 2018 MTPS"). The redemption of each Fund’s Series 2018 MTPS will be conditioned on the receipt of proceeds from the issuance of new preferred shares in an amount equal to the aggregate liquidation preference of the Series 2018 MTPS. The Series 2018 MTPS of each Fund will be redeemed at its liquidation preferences per share plus an amount equal to any unpaid dividends and other distributions on such shares of such Series accumulated from and including the Date of Original Issue to (but excluding) the Term Redemption Date for such Series.