NEW YORK--(BUSINESS WIRE)--DWS Strategic Municipal Income Trust (NYSE: KSM - News) declared a monthly distribution of $0.055 per common share, payable on August 29, 2008 to shareholders of record on August 18, 2008. The ex-date is August 14, 2008. The previous monthly distribution was $0.055 per share.The current distribution rate represents a 5.84% annualized yield based on the closing market price of $11.30 on August 4, 2008 and a 5.80% annualized yield on a closing NAV of $11.37 on the same date.
The Fund also declared a special taxable distribution of $.0049 per common share, payable on August 29, 2008 to shareholders of record on August 18, 2008. The ex-date is August 14, 2008. The distribution is taxable as ordinary income. The Fund has both common and preferred shares outstanding. In accordance with a position taken by the Internal Revenue Service, the Fund is required to allocate a proportionate share of distributions designated as taxable to both the common and the preferred shares.
Future earnings cannot be guaranteed and the Fund’s distribution 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.dws-investments.com.
Read More
