As a municipal income-focused closed-end fund, the trust targeted income-seeking investors through monthly dividend distributions from tax-exempt municipal bonds. The fund was managed by Deutsche Investment Management Americas and benchmarked against the Barclays Municipal Bond Index.
Cyborg Score Rationale
The fund is no longer operational following its liquidation in November 2024. No active operations, assets, or performance metrics exist for current analysis.
Top Insights
Fund liquidated on November 21, 2024 after announcement of termination on July 19, 2024
Final liquidating distribution was $10.131 per share
Historically offered monthly dividend distributions with approximately 4.3% yield
Fund inception was January 2, 1990 with approximately $107 million in assets at termination
Named Competitors
iShares National Muni Bond ETF — Municipal bond ETF offering tax-exempt income
Invesco Municipal Opportunity Trust — Municipal fixed income strategy
Recent Developments
(July 2024) Plan of Liquidation and Termination announced
(November 2024) Final liquidating distribution paid to shareholders
Open the full interactive DWS Strategic Municipal Income Trust report
Strategic research, analyst-debate audio, full Cyborg Score breakdown across 11 dimensions, and saved-company audio playlists.