DWS Municipal Income Trust Terminates Of Fund; To Make Liquidating Distribution To Shareholders And Distribution Rate Increase
Portfolio Pulse from Benzinga Newsdesk
DWS Municipal Income Trust has announced the termination of its fund, with plans to make a liquidating distribution to shareholders. Additionally, there will be an increase in the distribution rate to shareholders.
March 28, 2024 | 8:44 pm
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DWS Municipal Income Trust (KTF) is terminating its fund, which will lead to a liquidating distribution to shareholders and an increase in the distribution rate.
The termination of the fund and subsequent liquidating distribution to shareholders typically indicate a return of capital, which can be seen as a positive event for shareholders. The increase in distribution rate may also be viewed positively as it suggests a higher return in the short term. However, the long-term impact depends on the reasons behind the fund's termination and the specifics of the liquidation process.
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