DWS MUNICIPAL INCOME TRUST

DWS Municipal Income Trust is a closed-end fixed income mutual fund that invests primarily in investment-grade, tax-exempt municipal securities issued in the United States. The fund focuses on bonds rated Baa or BBB or better by Moody's or S&P, targeting securities that generate income exempt from federal income taxation. The portfolio is benchmarked against the Barclays Municipal Bond Index and managed by Deutsche Investment Management Americas, Inc., a subsidiary of Deutsche Bank.

The fund generates revenue through management fees charged on its asset base, which constitutes its primary business activity. As a closed-end fund structure, it maintains a fixed number of shares trading on public markets rather than offering continuous issuance and redemption like open-end mutual funds. The fund was established in October 1988 and is incorporated in Massachusetts, with operations based in New York.

The fund operates with modest scale relative to the broader asset management industry, reflecting its specialized focus on municipal fixed income. Deutsche Investment Management Americas provides portfolio management, research, and operational services to support the fund's investment activities and shareholder communications.