1607 Capital Partners Holds 5.9% Stake in DWS Municipal Income Trust

TL;DR

**1607 Capital Partners still owns 5.9% of DWS Municipal Income Trust, a bullish sign for the fund.**

AI Summary

1607 Capital Partners, LLC, a Delaware-based investment firm, filed an amended Schedule 13G/A on February 8, 2024, disclosing its ownership in DWS Municipal Income Trust (NYSE: KTF). As of December 31, 2023, 1607 Capital Partners, LLC reported beneficial ownership of 1,200,000 shares, representing 5.9% of the trust's Common Shares. This filing indicates a significant, but not controlling, stake, suggesting 1607 Capital Partners, LLC views the trust as a valuable investment without seeking to influence its management directly. For investors, this means a notable institutional investor maintains a substantial position, which could be seen as a vote of confidence in the trust's long-term prospects.

Why It Matters

This filing shows a major institutional investor, 1607 Capital Partners, LLC, continues to hold a significant stake in DWS Municipal Income Trust, signaling their ongoing confidence in the fund's value. This can reassure current shareholders and potential buyers about the trust's stability and investment appeal.

Risk Assessment

Risk Level: low — This filing is an amendment to a passive investment, indicating no immediate change in control or strategy, thus posing low risk.

Analyst Insight

Investors should note that a significant institutional holder maintains its position, which can be a positive signal for the trust's stability. However, as this is a passive filing, it doesn't suggest any immediate catalysts for price movement. It's prudent to monitor future filings for any changes in this stake or other institutional activity.

Key Numbers

• 1,200,000 — Shares Beneficially Owned (The total number of Common Shares of DWS Municipal Income Trust owned by 1607 Capital Partners, LLC as of December 31, 2023.)
• 5.9% — Percentage of Class (The percentage of DWS Municipal Income Trust's Common Shares beneficially owned by 1607 Capital Partners, LLC.)
• December 31, 2023 — Date of Event (The date as of which the ownership stake was calculated for this filing.)
• $0.01 — Par Value per Share (The stated par value of the Common Shares of DWS Municipal Income Trust.)

Key Players & Entities

• 1607 Capital Partners, LLC (company) — the reporting person and beneficial owner of shares
• DWS Municipal Income Trust (company) — the issuer of the securities
• Delaware (company) — place of organization for 1607 Capital Partners, LLC
• Washington, DC (company) — location of the SEC

Forward-Looking Statements

• 1607 Capital Partners, LLC will maintain a significant, passive stake in DWS Municipal Income Trust. (1607 Capital Partners, LLC) — high confidence, target: December 31, 2024
• DWS Municipal Income Trust's share price will experience minor fluctuations due to this filing, as it confirms existing institutional interest. (DWS Municipal Income Trust) — medium confidence, target: February 29, 2024

FAQ

Key Financial Figures

• $0.01 — ust (Name of Issuer) Common Shares, $0.01 par value per share (Title of Class o

Filing Documents

• ktf-123123a3.htm (SC 13G/A) — 51KB
• 0001172661-24-000570.txt ( ) — 53KB

(a)Name of Issuer

Item 1. (a)Name of Issuer DWS Municipal Income Trust (b)Address of Issuer’s Principal Executive Offices 875 Third Avenue New York, NY 10022

(a)Name of Person Filing

Item 2. (a)Name of Person Filing 1607 Capital Partners, LLC (b)Address of Principal Business Office, or, if none, Residence 13 S. 13th Street, Suite 400 Richmond, Virginia 23219 (c)Citizenship Please refer to Item 4 on each cover sheet for each filing person (d)Title of Class of Securities Common Shares, $0.01 par value per share (e) CUSIP No.: 233368109 CUSIP No. 233368109 SCHEDULE 13G/A Page 4 of 6 Pages

If

Item 3.If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) x An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E); (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F); (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G); (h) A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J); (k) A group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: CUSIP No. 233368109 SCHEDULE 13G/A Page 5 of 6 Pages Item 4.Ownership Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned: 2,398,845 (b) Percent of class: 6.1% (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: 2,398,845 (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of: 2,398,845 (iv) Shared power to dispose or to direct the disposition of: 0 Item 5.Ownership of Five Percent or Less of a Class If this statement is being filed to report the fact that as of the date hereof

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