DWS Strategic Municipal Income Trust
DWS STRATEGIC MUNICIPAL INCOME TRUST is a company, not a closed-end fund. We still track it - notices about it are below - but most of this site is about funds.
Is anyone targeting this fund?
Yes - 3 large investors hold stakes in this company, and 1 of them is pushing for changes.
- Sit Investment owns 9.4% and has said it may push for changes. Since Jan 4, 2024.
- Bulldog owns 7.2% as a passive investor. On file since Jan 31, 2024.
- RiverNorth owns 5.8% as a passive investor. On file since Nov 14, 2024.
What this means for you
Sit Investment has told the regulator it may push for changes at this company. That usually means asking for a seat on the board, a sale of the company, or a change in how it is run.
Nothing is required of you now.
Large investors can also sell down and walk away. We show every notice they file, the day it is filed.
What happened, and when
-
Nov 21, 2024
Saba sold down below 5% and stopped reporting.
Original document → -
Nov 14, 2024
RiverNorth now owns 5.8%, as a passive investor.
Original document → -
Oct 15, 2024
Bulldog raised its stake to 7.2% (from 5.3%), as a passive investor.
Original document → -
July 31, 2024
Sit Investment raised its stake to 9.4% (from 8.3%). It has said it may push for changes.
Original document → -
March 28, 2024
Sit Investment raised its stake to 8.3% (from 7.8%). It has said it may push for changes.
Original document →
Show all 8 events
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March 4, 2024
Sit Investment raised its stake to 7.8% (from 6.5%). It has said it may push for changes.
Original document → -
Jan 31, 2024
Bulldog now owns 5.3%, as a passive investor.
Original document → -
Jan 4, 2024
Sit Investment now owns 6.5%. It has said it may push for changes.
Original document →
Details: all notices, events and fund facts
| Date | Investor | Stake | Type of notice |
|---|---|---|---|
| Nov 21, 2024 | Saba | 0% | Sold down below 5% |
| Nov 14, 2024 | RiverNorth | 5.8% | Passive investor |
| Oct 15, 2024 | Bulldog | 7.2% | Updated notice |
| July 31, 2024 | Sit Investment | 9.4% | Updated notice |
| March 28, 2024 | Sit Investment | 8.3% | Updated notice |
| March 4, 2024 | Sit Investment | 7.8% | Updated notice |
| Jan 31, 2024 | Bulldog | 5.3% | Passive investor |
| Jan 4, 2024 | Sit Investment | 6.5% | Updated notice |
No announcements from the fund on file.
- Run by
- not filed yet
- Fund family
- not filed yet
- Exchange
- not listed
Email me when something new is filed for DWS Strategic Municipal Income Trust
Free. One email per notice or announcement, usually within a day. No password.