SIT Investment Associates Files 13D/A for DWS Municipal Income Trust
Ticker: KTF · Form: SC 13D/A · Filed: Jul 17, 2024 · CIK: 839533
| Field | Detail |
|---|---|
| Company | Dws Municipal Income Trust (KTF) |
| Form Type | SC 13D/A |
| Filed Date | Jul 17, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: sec-filing, schedule-13d, stakeholder-update
Related Tickers: KTF
TL;DR
SIT Investment Associates updated their stake in DWS Municipal Income Trust (KTF) - watch for changes.
AI Summary
SIT Investment Associates Inc. filed an amendment (No. 6) to its Schedule 13D on July 17, 2024, regarding its holdings in DWS Municipal Income Trust (KTF). The filing indicates a change in the reporting person's beneficial ownership, though specific new ownership percentages or dollar amounts are not detailed in this excerpt. The filing is an update to previous disclosures concerning the common stock of DWS Municipal Income Trust.
Why It Matters
This filing signals a potential shift in significant stakeholder positions within DWS Municipal Income Trust, which could influence the trust's future strategy or performance.
Risk Assessment
Risk Level: medium — Schedule 13D filings often indicate significant investor activity, which can lead to volatility or strategic changes in the subject company.
Key Players & Entities
- SIT Investment Associates Inc. (company) — Reporting Person
- DWS Municipal Income Trust (company) — Subject Company
- KTF (company) — Ticker Symbol for Subject Company
- Paul E. Rasmussen (person) — Contact Person for Filing
FAQ
What specific changes in beneficial ownership are reported in this amendment?
This excerpt does not specify the exact percentage or number of shares changed, only that an amendment to the Schedule 13D has been filed by SIT Investment Associates Inc. regarding DWS Municipal Income Trust.
When was the previous filing made by SIT Investment Associates Inc. for DWS Municipal Income Trust?
The filing is Amendment No. 6, indicating previous filings were made, but the date of the prior amendment is not provided in this excerpt.
What is the CUSIP number for DWS Municipal Income Trust's common stock?
The CUSIP number for DWS Municipal Income Trust's common stock is 233368109.
Who is listed as the contact person for this filing?
Paul E. Rasmussen, located at 3300 IDS Center, 80 South Eighth Street, Minneapolis, MN 55402-4130, is listed as the contact person.
What is the business address of DWS Municipal Income Trust?
The business address for DWS Municipal Income Trust is 875 Third Avenue, New York, NY 10022-6225.
Filing Stats: 1,042 words · 4 min read · ~3 pages · Grade level 6.9 · Accepted 2024-07-17 15:17:41
Filing Documents
- sit240748_sch13da.htm (SC 13D/A) — 102KB
- 0000897101-24-000305.txt ( ) — 104KB
Interest in Securities of the Issuer
ITEM 5 Interest in Securities of the Issuer
of Schedule 13D is hereby amended to read as follows
Item 5 of Schedule 13D is hereby amended to read as follows: a) The aggregate percentage of Shares reported owned by Sit Entities herein is based upon 39,172,837 Shares outstanding as of June 30, 2024, which is the total number of Shares outstanding as reported on the Issuer's website. As of the date hereof, the Sit Entities may be deemed to be the beneficial owner of 6,123,168 Shares held in client accounts which represent 15.63% of the Issuer's outstanding Shares. b) Each of the Sit Entities may be deemed to have shared power to vote and dispose of such Shares. However, none of SIA's or SFI's directors or executive officers own Shares directly. c) Transactions in Shares by the Sit Entities in the last 60 days are set forth in Exhibit A. d) The clients of SIA and SFI have the right to participate in the receipt of dividends from, or proceeds from the sales of, the Shares held for their respective accounts. e) Not applicable. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete, and correct. July 17, 2024 By: Sit Investment Associates, Inc. /s/ Roger J. Sit Name/Title: Roger J. Sit, Chairman & CEO By: Sit Fixed Income Advisors II, LLC /s/ Roger J. Sit Name/Title: Roger J. Sit, Chairman & CEO EXHIBIT A Schedule of Transactions in Shares by Sit Entities in the last 60 days: Date of Transaction Transaction Shares of Common Stock Price Per Share 05/23/2024 BUY 10,000 9.36 05/28/2024 SELL 10,000 9.38 06/06/2024 BUY 800 9.43 06/06/2024 BUY 5,900 9.43 06/06/2024 BUY 7,200 9.43 06/06/2024 BUY 6,400 9.43 06/06/2024 BUY 4,700 9.43 06/07/2024 BUY 3,153 9.40 06/10/2024 BUY 100 9.43 06/10/2024 BUY 1,100 9.43 06/10/2024 BUY 1,475 9.43 06/10/2024 BUY 1,200 9.43 06/10/2024 BUY 900 9.43 06/11/2024 BUY 400 9.43 06/11/2024 BUY 3,400 9.43 06/11/2024 BUY 4,228 9.43 06/11/2024 BUY