DWS Municipal Income Trust has approved a plan to liquidate. It has held municipal bonds for income, but the portfolio is being wound down rather than maintained as a continuing monthly income fund.
Business
Municipal income funds
Listing
KTF · New York Stock Exchange
Reporting period
2026-05-31
Dividend schedule
Monthly
How the business works
Municipal-bond interest after costs was net investment income in the reported period. During liquidation, the fund may shift toward liquid or taxable short-term holdings, so its earlier income mix and tax-exempt objective may not describe the final months.
Extras are shown separately and are not assumed to repeat.
Reported earnings
Each measure shown separately, per share
Net investment income$0.20
Dec 1, 2025 to May 31, 2026
$0.00$0.20
Distribution yield8.65%Sourced distributions divided by dated market priceReported annual income yield4.28%Reported net investment income $0.3900 per share for 2024-12-01 to 2025-11-30, divided by approved 2025-11-28 market price $9.1200. Excludes capital gains; historical, not a current yield or forecast.Annual dividend$0.73Current regular payment annualized per share
Dividend payment history
Date or month
Per share
Sep 30, 2026
$0.061
Reported earnings and sources
Reported earnings for the latest four periods. Compare the same earnings measure across periods; different measures are not added together.
Cash distributions are the total paid per share during each reporting period, including any gains or return of capital. Period lengths may differ, so compare the dates before comparing amounts. Short periods are not annualized.
NAV change excludes distributions. Reported NAV total return includes reinvestment and is copied from the fund statement, not estimated by adding cash distributions to the NAV change.
Distribution and NAV evidence
Cash paid, opening and closing NAV, and the fund-reported NAV total return are separate observations. NAV change excludes distributions. These figures show outcomes, not which source funded a payment or whether future distributions are sustainable. Net investment income excludes investment gains and is not a payout-coverage ratio.
Fund net investment income per common share; actual reporting period, not annualized$0.2000
$0.00$0.20
For the six months ended May 31, 2026, KTF reported $0.20 of net investment income and $0.40 of distributions per share; net asset value fell from $9.44 to $9.21. Those are historical figures, not evidence of continuing regular payments. The approved plan anticipates October as the last regular dividend month and a final liquidating distribution around November 20, 2026; its amount is not stated.
Bond interest, less expenses and financing costs, is the central recurring income source. A declared distribution can include gains or return of capital as well as investment income; its amount is not an earnings figure.
The earnings available to shareholders depend on the cash generated by these activities after operating and financing costs. Portfolio gains, financing proceeds and recurring income should be evaluated separately.
The portfolio information checked September 11, 2026 reports effective leverage of 37.93%.
Financing can increase earning assets, but its cost reduces income available to common shareholders. When borrowing costs rise or portfolio income falls, the distribution can become harder to sustain.
DWS Municipal Income Trust reported $0.2000 per share for 2025-12-01 through 2026-05-31, measured as Fund net investment income per common share; actual reporting period, not annualized.
Actual per-share reporting period, without annualisation. Net investment income, realized gains, unrealized changes and cash distributions are different measures. This comparison is not the Fly High forward Dividend Coverage Ratio.
Losses or weaker cash generation in municipal income investments can reduce the resources available for future distributions.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
A maintained payment can exceed investment results. Review NAV and reported income together rather than treating distribution yield as total return.
Watch for changes in the underlying exposure and the next reported results before treating the current payment as evidence of continuing earnings support.
Follow the actual October dividend, the planned November 13 cessation and subsequent trading halt, then the final liquidating distribution. Confirm dates and amount with the company; do not project another normal income period.
Net asset value (NAV)
NAV per share$8.07Sep 29, 2026Market price$7.97Sep 29, 2026PREMIUM / DISCOUNT TO NAV1.24% discountCalculated from the displayed same-date values.
NAV is the fund's assets minus liabilities, divided by shares outstanding. All values are USD per share.
CEFConnect current common-share NAV and closing market price, both dated 2026-09-29. The published premium or discount agrees with the calculation within source rounding. Older audited NAV history remains unchanged.
Follow the actual October dividend, the planned November 13 cessation and subsequent trading halt, then the final liquidating distribution. Confirm dates and amount with the company; do not project another normal income period.
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U.S. federal · Tax year 2025
Dividend tax treatment
For the November 28, 2025 payment, DWS estimated $0.0304 return of capital from $0.0610 per common share, or about 49.84%.
Total ordinary dividends
Not confirmed
Qualified dividends
Not confirmed
Capital-gain distributions
Not confirmed
Return of capital
49.84%
This is a close look at the payment dates named above, not a verdict on every distribution paid in 2025. Other payments can have a different mix. Use this estimate to understand those checks, then compare the whole year with your tax statement.
The company calls this breakdown an estimate. This is an estimate for one November payment, not the full 2025 tax mix. DWS says this source estimate is not for tax filing; your Form 1099-DIV gives the final tax treatment. The remaining $0.0306 was described as investment income, which is not enough to label it as a particular tax category here. Your Form 1099-DIV may show a different final mix. See the company's estimate.
Tax year: 2025.
Tax details and source
Total ordinary dividends (includes qualified)
Not confirmed
Section 199A portion (within ordinary dividends)
Not confirmed
Exempt-interest distributions
Not confirmed
Reporting form
Form 1099-DIV
Source date
2026-02-02
Qualified dividends are included in total ordinary dividends. Section 199A is a separate designation within ordinary dividends, not extra income or qualified dividend income.
Your account type, holding period and circumstances affect treatment. Use your broker’s tax statement for filing. Return of capital generally reduces cost basis; amounts beyond basis can be taxable. IRS dividend guidance.
