SIT Investment Associates Files 13D/A Amendment for DWS Municipal Income Trust

TL;DR

SIT Investment Associates just amended their 13D for DWS Municipal Income Trust (KTF) - watch this space.

AI Summary

SIT Investment Associates Inc. filed an amendment (No. 7) to its Schedule 13D on August 29, 2024, regarding DWS Municipal Income Trust (KTF). The filing indicates a change in beneficial ownership, with SIT Investment Associates Inc. now holding a significant stake in the company's common stock.

Why It Matters

This filing signals a potential shift in control or influence over DWS Municipal Income Trust, which could impact its strategic direction and shareholder value.

Risk Assessment

Risk Level: medium — Amendments to Schedule 13D often indicate significant changes in a major shareholder's position, which can lead to increased volatility or strategic shifts.

Key Players & Entities

• SIT Investment Associates Inc. (company) — Filing entity
• DWS Municipal Income Trust (company) — Subject company
• Paul E. Rasmussen (person) — Contact person for filing

FAQ

Filing Documents

• sit240897_sch13da.htm (SC 13D/A) — 85KB
• 0000897101-24-000426.txt ( ) — 87KB

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 39,172,838 Shares outstanding as of May 31, 2024, which is the total number of Shares outstanding as reported in the Issuer’s Report on Form N-CSRS filed with the Securities Exchange Commission. As of the date hereof, the Sit Entities may be deemed to be the beneficial owner of 8,174,135 Shares held in client accounts which represent 20.87% 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. August 29, 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 07/01/2024 BUY 8,046 9.49 07/02/2024 BUY 25,000 9.51 07/05/2024 BUY 1,444 9.63 07/08/2024 BUY 40,309 9.58 07/12/2024 BUY 2,100 9.66 07/15/2024 BUY 25,000 9.70 07/16/2024 BUY 23,895 9.71 07/17/2024 BUY 25,000 9.67 07/18/2024 BUY 1,637 9.57 07/22/2024 BUY 22,400 9.58 07/23/2024 BUY 2,857 9.59 07/25/2024 BUY 2,146 9.63 07/29/2024 BUY 10,000 9.71 07/30/20

View Full Filing

View this SC 13D/A filing on SEC EDGAR