 DWS Municipal Income Trust NYSE: KTF and DWS Strategic Municipal Income Trust NYSE: KSM each, a Fund, and together, the Funds announced today that they continue to pursue the refinancing of all their outstanding Floating Rate Municipal Term Preferred Shares, Series 2018 the Series 2018 MTPS. The Funds will not be moving forward with the replacement leverage that had been anticipated in connection with the Funds May 13, 2020 announcement about their Series 2018 MTPS refinancing plans, and are seeking to secure other arrangements for refinancing the Series 2018 MTPS, which, upon completion, would result in the outstanding leverage remaining unchanged for each Fund. 