DWS Strategic Municipal Income Trust Approved Termination And Will Make Liquidating Distribution To Shareholders
Portfolio Pulse from Benzinga Newsdesk
The DWS Strategic Municipal Income Trust has approved its termination and will proceed with a liquidating distribution to its shareholders. This decision marks the end of the trust's operations, transitioning to the final phase of liquidation.
March 28, 2024 | 8:42 pm
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The termination and subsequent liquidating distribution of the DWS Strategic Municipal Income Trust could lead to a final increase in cash flow to shareholders but marks the end of the trust's operations.
The termination of the trust and the liquidating distribution directly impact KSM shareholders by providing them with a final cash distribution. This is a significant event for investors as it marks the conclusion of the trust's activities. The positive score reflects the potential financial benefit from the liquidation distribution, despite the end of the trust's operations.
CONFIDENCE 90
IMPORTANCE 100
RELEVANCE 100