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9.010000 USD
0.04
0.44%
Last update Apr 2, 3:59 PM EDT
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8.98000
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DWS Municipal Income Trust
9.01
0.04
0.44%

Overview

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Description

DWS Municipal Income Trust is a closed-end mutual fund focused on providing high current income that is exempt from federal income tax. Managed by Deutsche Investment Management Americas, Inc., the fund primarily invests in a diversified portfolio of investment-grade municipal bonds issued across various U.S. states. This orientation toward municipal securities supports its key role for investors seeking tax-advantaged income, particularly those in higher tax brackets. The fund adheres to an investment policy requiring at least 80% of net assets, plus any borrowings, to be held in municipal securities under most circumstances. Its closed-end structure means shares trade on public markets and may fluctuate at premiums or discounts to net asset value, introducing an additional layer of trading opportunities and risks. The fund utilizes leverage to enhance distributions, although this adds to risks such as interest rate and liquidity exposure. Its dividend distributions are made monthly, but portions may at times include return of capital, alongside net investment income and realized gains. As a result, DWS Municipal Income Trust serves as a specialized vehicle for generating steady, federally tax-exempt income through active management of municipal bond portfolios within the broader fixed income landscape.

About

CEO
Employees
0
Address
875 Third Avenue
New York, 10022, NY
United States
Phone
212 454 4500
Website
Instrument type
Closed-end fund
Sector
Financial Services
Industry
Asset Management
Country
United States
MIC code
XNYS
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Latest press releases

Mar 11, 2026
CHF ~65 million investment in 2025: Swiss President Guy Parmelin inaugurates new Toblerone production line in Switzerland
  • The ~65 million Swiss Francs (CHF) investment announced in 2025 to create the global "Center of Excellence" for Toblerone in Bern is a clear commitment to Switzerland, where the iconic brand was founded in 1908.
  • Today, the Swiss plant produces ~90 % of global Toblerone demand.
  • The investment increases Toblerone's production and innovation capability to accelerate the brand's global growth ambition in premium chocolate.

BERN, Switzerland, March 11, 2026 /PRNewswire/ -- After a year, an important milestone in the renovation work at the Toblerone plant in Bern, Switzerland has been reached: the installation of a brand-new, state-of-the-art production line has been completed. As one of the largest investments in Mondelēz International's chocolate production network in the last decade, a global "Center of Excellence" for the iconic Swiss brand Toblerone is being created in Bern. Ultimately, this will increase Toblerone's production capacity and innovation capability to accelerate the brand's global growth ambition in the premium segment and meet worldwide demand for the iconic triangular brand.

Inauguration of the new production line at the Toblerone plant in Bern Brünnen. From left to right: Thomas Kauffmann (Plant Manager, Toblerone Plant Bern Brünnen), Guy Parmelin (Swiss Federal President), Marieke Kruit (Mayor of Bern), and Volker Kuhn (Executive Vice President & President, Mondelez Europe).

Swiss President and Minister of Economic Affairs Guy Parmelin officially inaugurated the new production line yesterday in Bern. In his speech, he emphasized: "If there is one product that represents Switzerland worldwide, it is chocolate. And Toblerone has a very special place among Swiss chocolates. It is more than just chocolate. It is a piece of Swiss history. And a symbol of Swissness par excellence: identity and quality. As President of the Swiss Confederation and Minister of Economic Affairs, I am therefore particularly pleased that ~90 % of Toblerone production continues to be produced here in Bern on this new production line."

Switzerland - the heart and home of Toblerone

The famous triangular chocolate was invented in 1908 by Theodor Tobler and Emil Baumann and has developed over decades into a bestseller from Switzerland. Today, ~90 % of Toblerone products sold worldwide are manufactured at the Toblerone plant in Switzerland. "We have always taken pride in producing here in Switzerland. The investment underlines our strong commitment to the location and is a critical milestone to reach our ambition to lead growth in premium chocolate worldwide," confirms Iain Livingston, President Toblerone and World Travel Retail.

To support Mondelēz's ambition, the iconic 118-year-old brand is poised to grow globally within the premium sector, capitalizing on its strong global awareness, uniqueness, and leadership in the World Travel Retail business. Toblerone is exported from Switzerland to more than 120 countries around the world.

Thomas Kauffmann, Bern Plant Manager: "We are incredibly proud of the new Toblerone production line, as well as the modernization in logistics and infrastructure." The investment will also expand the production facilities for chocolate and nougat, as well as the capacity for mass production.

Toblerone Fast Facts: Did You Know?

  • Toblerone was invented in Switzerland by Theodor Tobler and Emil Baumann in 1908.
  • "Toblerone" is a play on words from the names "Tobler" and "Torrone", the Italian name for honey-almond nougat. The special feature is the triangular shape of the tablet.
  • Since 1985, Toblerone has been produced at the factory in Bern, Switzerland, where today around 90 % of Toblerone products are manufactured and sold in more than 120 countries in the world.

About Mondelēz International

Mondelēz International, Inc. (Nasdaq: MDLZ) empowers people to snack right in over 150 countries around the world. With 2025 net revenues of approximately $38.5 billion, MDLZ is leading the future of snacking with iconic global and local brands such as Oreo, Ritz, LU, Clif Bar and Tate's Bake Shop biscuits and baked snacks, as well as Cadbury Dairy Milk, Milka and Toblerone chocolate. Mondelēz International is a proud member of the Dow Jones Best-in-Class North America and World Indices, formerly Dow Jones Sustainability Indices. Visit www.mondelezinternational.com or follow the company on X at x.com/MDLZ.

Freshly packaged Toblerone on the new production line
Handover of a 4.5-kilogram Toblerone to Swiss Federal President Guy Parmelin. From left to right: Guy Parmelin (Swiss Federal President), Thomas Kauffmann (Plant Manager, Toblerone Plant Bern Brünnen), and Volker Kuhn (Executive Vice President & President, Mondelez Europe).

SOURCE Mondelēz International

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Market closed

Pre-market opens in 3 days 2 hours 42 minutes
Main market opens in 3 days 8 hours 12 minutes

01:17
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 20:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).