NEW YORK, June 7 /CNW/ - DWS Strategic Municipal Income Trust (NYSE
symbol: KSM) declared a monthly dividend of $0.055 per common share, payable
on June 29, 2007 to shareholders of record on June 18, 2007. The Ex-date is
June 14, 2007. The previous monthly dividend was $0.055 per share.
The current distribution rate represents a 5.41% annualized dividend
yield based on the closing market price of $12.20 on June 4, 2007 and a 5.39%
annualized dividend yield on a closing NAV of $12.24 on the same date.
The level of accumulated undistributed income for the fund was $576,720
as of May 31, 2007. The disclosed undistributed net investment income from May
31, 2007 is unaudited.
Future earnings can not be guaranteed and the Fund's dividend policy is
subject to change. For more information on KSM please contact a representative
at (800) 349.4281 or visit us on the web at www.cef.dws-scudder.com.
Past performance is no guarantee of future results. Annualized dividend
yield is the latest monthly dividend shown as an annualized percentage of net
asset value/market price at month end. Annualized dividend yield simply
measures the level of dividends and is not a complete measure of performance.
Market price, annualized dividend yield, net asset value are historical and
will fluctuate and do not guarantee future results.
NOT FDIC/ NCUA INSURED -- MAY LOSE VALUE -- NO BANK GUARANTEE
NOT A DEPOSIT -- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
DWS Strategic Municipal Income Trust seeks a high level of current income
exempt from federal income tax by investing in a diversified portfolio of
investment-grade tax-exempt securities. The fund will invest at least 50
percent of its assets in investment-grade municipal securities or unrated
municipal securities of comparable quality, and may invest up to 50 percent of
its assets in high-yield municipal securities that are below investment grade.
The fund invests in individual bonds whose yields and market values
fluctuate, so that your investment may be worth more or less than its original
cost. Additionally, although the fund seeks income that is federally tax-free,
a portion of the fund's distributions may be subject to federal, state, local
and alternative minimum tax. Bond investments are subject to interest-rate
risk such that when interest rates rise, the prices of the bonds, and thus the
value of the bond fund, can decline and the investor can lose principal value
Investments in closed-end funds involve risk. Closed-end funds, unlike
open-end funds, are not continuously offered. There is a one-time public
offering, and once issued, shares of closed-end funds are sold in the open
market through a stock exchange. Shares of closed-end funds frequently trade
at a discount to net asset value. The price of the Fund's shares is determined
by a number of factors, several of which are beyond the control of the Fund.
Therefore, the Fund cannot predict whether its shares will trade at, below or
above net asset value.
This announcement is not an offer to purchase or the solicitation of an
offer to sell shares of the Fund or a prospectus, circular or representation
intended for use in the purchase or sale of Fund shares.
DWS Scudder is part of Deutsche Asset Management, which is the marketing
name in the US for the asset management activities of Deutsche Bank AG,
Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas
Inc. and DWS Trust Company. Copyright (C) 2007 DWS Scudder Distributors, Inc.
(MARS 27477 6/07)
For further information:
For further information: DWS Strategic Municipal Income Trust Media
Mayura Hooper 212-250-5536 or Investors Jon Diorio 800-349-4281