DWS Municipal Income Trust Sets Sept. 19 Meeting for Board Elections

TL;DR

**KTF's upcoming board election is a routine governance check, but pay attention to trustee nominees for any strategic shifts.**

AI Summary

DWS Municipal Income Trust (KTF) filed a Definitive Proxy Statement (DEF 14A) on August 11, 2025, for its annual shareholder meeting scheduled for September 19, 2025, at 1:00 p.m. Eastern time. The primary purpose of this meeting is the election of Board Members to the Board of Trustees. Specifically, shareholders will vote on the election of one Class II Board Member, to be elected by holders of Common Shares and Preferred Shares, voting together as a single class. The filing indicates no fee was required for this definitive proxy statement, aligning with Exchange Act Rules 14a-6(i)(4) and 0-11. The meeting will be held at the offices of DWS Investment Management Americas, Inc., located at 100 Summer Street, Boston, Massachusetts 02110. This DEF 14A does not provide specific financial figures like revenue or net income, focusing solely on the governance aspect of board elections.

Why It Matters

This DEF 14A filing is crucial for DWS Municipal Income Trust (KTF) investors as it outlines the upcoming annual meeting where Board Members will be elected. The composition of the Board of Trustees directly influences the fund's strategic direction, investment policies, and oversight, impacting long-term performance and shareholder value. For employees and customers, a stable and well-governed fund ensures consistent management and adherence to investment objectives. In the competitive municipal bond fund market, effective governance is a key differentiator, assuring investors of sound decision-making and risk management.

Risk Assessment

Risk Level: low — The risk level is low because this DEF 14A filing is a standard procedural document for an annual meeting, primarily concerning the election of one Class II Board Member. There are no indications of contentious proposals, significant corporate actions, or financial distress within the scope of this filing, which is a definitive proxy statement and not a financial report.

Analyst Insight

Investors should review the proxy materials for information on the Class II Board Member nominee to understand their qualifications and potential impact on KTF's governance. Participating in the vote, either in person or by proxy, is essential to ensure alignment with the fund's strategic direction.

Key Numbers

• 1 — Number of Class II Board Members to be elected (Shareholders will vote on one Class II Board Member)

Key Players & Entities

• DWS MUNICIPAL INCOME TRUST (company) — Registrant filing the DEF 14A
• KTF (company) — Ticker symbol for DWS Municipal Income Trust
• September 19, 2025 (date) — Date of the Annual Meeting of Shareholders
• 1:00 p.m. (Eastern time) (time) — Time of the Annual Meeting of Shareholders
• DWS Investment Management Americas, Inc. (company) — Location host for the Annual Meeting
• 100 Summer Street, Boston, Massachusetts 02110 (address) — Address of the Annual Meeting location
• United States Securities and Exchange Commission (regulator) — Regulatory body for the filing
• 875 THIRD AVENUE NEW YORK, NEW YORK 10022 (address) — Business address of DWS Municipal Income Trust
• Class II Board Member (person) — Position to be elected at the meeting

FAQ

Industry Context

DWS Municipal Income Trust operates within the closed-end fund industry, specifically focusing on municipal bonds. This sector is influenced by interest rate environments, municipal credit quality, and tax legislation. Competition exists among various municipal bond funds and other fixed-income investment vehicles.

Regulatory Implications

As a registered investment company, DWS Municipal Income Trust is subject to SEC regulations, including proxy solicitation rules. The filing of this DEF 14A ensures compliance with disclosure requirements for shareholder meetings.

What Investors Should Do

1. Review the proxy statement to understand the qualifications of the nominee for the Class II Board Member position.
2. Vote in the upcoming annual meeting on September 19, 2025, to exercise your shareholder rights in the election of a Board Member.
3. Consider the importance of board governance in the oversight and management of the trust's assets and strategy.

Key Dates

• 2025-09-19: Annual Meeting of Shareholders — Shareholders will vote on the election of Board Members.
• 2025-08-11: Filing of Definitive Proxy Statement (DEF 14A) — Provides shareholders with information regarding the annual meeting and proposals to be voted upon.

Glossary

DEF 14A

A Definitive Proxy Statement filed with the SEC, providing detailed information to shareholders before a shareholder meeting. (This document informs shareholders about the upcoming annual meeting and the proposals, specifically the election of Board Members.)

Board of Trustees

The governing body responsible for overseeing the operations and strategic direction of the trust. (Shareholders are voting to elect a new member to this board.)

Class II Board Member

A specific category of trustee to be elected, with a defined term and responsibilities. (The primary purpose of the shareholder meeting is to elect one such member.)

Common Shares and Preferred Shares

Different classes of stock that represent ownership in the trust. (Both classes of shareholders will vote together to elect the Class II Board Member.)

Year-Over-Year Comparison

This filing is a routine DEF 14A for an annual meeting and does not contain comparative financial performance data against a prior period. The focus is solely on the governance aspect of electing board members, not on changes in revenue, income, or other financial metrics from the previous year's operations.

Filing Documents

• d921137ddef14a.htm (DEF 14A) — 268KB
• g921137dsp28a.jpg (GRAPHIC) — 2KB
• g921137dsp28f.jpg (GRAPHIC) — 2KB
• g921137pc1.jpg (GRAPHIC) — 3KB
• g921137pc2.jpg (GRAPHIC) — 1KB
• g921137pc3.jpg (GRAPHIC) — 1KB
• g921137sp2a.jpg (GRAPHIC) — 1KB
• g921137sp2b.jpg (GRAPHIC) — 1KB
• g921137sp2c.jpg (GRAPHIC) — 1KB
• 0001193125-25-177629.txt ( ) — 286KB

From the Filing

DEF 14A 1 d921137ddef14a.htm DWS MUNICIPAL INCOME TRUST DWS MUNICIPAL INCOME TRUST UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A (Rule 14a-101) INFORMATION REQUIRED IN PROXY STATEMENT SCHEDULE 14A INFORMATION Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No.) Filed by Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Pursuant to 240.14a-12 DWS MUNICIPAL INCOME TRUST (Name of Registrant as Specified in Its Charter) Payment of Filing Fee (Check the appropriate box): No fee required. Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11. 1) Title of each class of securities to which transaction applies: 2) Aggregate number of securities to which transaction applies: 3) Per unit price or other underlying value of transaction computed pursuant to Exchange Act Rule 0-11 (set forth the amount on which the filing fee is calculated and state how it was determined): 4) Proposed maximum aggregate value of transaction: 5) Total fee paid: Fee paid previously with preliminary materials. Check box if any part of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify the filing for which the offsetting fee was paid previously. Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing. 1) Amount Previously Paid: 2) Form, Schedule or Registration Statement No.: 3) Filing Party: 4) Date Filed: DWS MUNICIPAL INCOME TRUST (KTF) 875 THIRD AVENUE NEW YORK, NEW YORK 10022 NOTICE OF ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON SEPTEMBER 19, 2025 This is the formal notice for the annual meeting of shareholders of KTF (the Fund). It tells you the proposal that you will be asked to vote on and the time and place of the annual meeting, in the event you choose to attend in person. To the shareholders of the Fund: An annual meeting of shareholders of the Fund will be held on September 19, 2025 at 1:00 p.m. (Eastern time), at the offices of DWS Investment Management Americas, Inc., 100 Summer Street, Boston, Massachusetts 02110 (the Meeting), to consider the following proposal (the Proposal): PROPOSAL: To elect Board Members to the Board of Trustees of the Fund (the Board) as outlined below: (i) one (1) Class II Board Member to be elected by the holders of Common Shares and Preferred Shares, voting together as a single class; and (ii) two (2) Board Members to be elected by the holders of Preferred Shares only, voting as a separate class. The persons named as proxies will vote in their discretion on any other business that properly may come before the Meeting and at any adjournment(s) or postponement(s) thereof. Holders of record of shares of the Fund at the close of business on August 1, 2025 are entitled to vote at the Meeting and at any adjournment(s) or postponement(s) thereof. THE BOARD OF YOUR FUND RECOMMENDS THAT YOU VOTE FOR THE ELECTION OF EACH BOARD MEMBER NOMINEE. For the Fund, the meeting may be adjourned from time to time by a majority of the votes cast upon the question, whether or not a quorum is present, and the meeting may be held as adjourned without further notice. This notice and the related proxy materials are being mailed to shareholders of the Fund on or about August 15, 2025. This proxy is being solicited on behalf of your Funds Board. By Order of the Board /s/ John Millette John Millette Secretary August 11, 2025 We urge you to mark, sign, date and mail the enclosed proxy card in the postage-paid envelope provided or to record your voting instructions by telephone or via the Internet so that you will be represented at the Meeting. If you complete and sign the proxy card (or tell us how you want to vote by voting by telephone or via the Internet), we will vote it exactly as you tell us. If you simply sign the proxy card, we will vote it in accordance with the Boards recommendation on the Proposal. Your prompt return of the enclosed proxy card (or your voting by telephone or via the Internet) may prevent the necessity and expense of further solicitations. If you have any questions, please call Georgeson LLC, the Funds proxy solicitor, at the special toll-free number we have set up for you (1-866-417-3382), or contact your financial advisor. INSTRUCTIONS FOR SIGNING PROXY CARDS The following general rules for signing proxy cards may be of assistance to you and avoid the time and expense involved in validating your vote if you fail to sign your proxy card properly. 1. Individual Accounts: Sign your name exactly as it appears in the registration on the proxy card. 2. Joint Accounts: Both parties sho

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