Afternoon Briefing: Aldermen stall mayor's housing loan fund plan
Good afternoon, Chicago.
A downtown alderman said today he's negotiating with Mayor Brandon Johnson's administration on a new citywide teen curfew, averting what was expected to be a City Council showdown over how to address chaotic gatherings during the summer despite the mayor's office saying a deal has not been reached.
Ald. Brian Hopkins, 2nd, texted some of his colleagues in the morning that he will no longer proceed with forcing a vote on an 8 p.m. curfew downtown after a series of so-called teen takeover trends ended in violence in his ward. Rather, he plans to introduce new legislation to grant Chicago police brass the authority to declare roving curfews for unaccompanied minors anywhere in the city on an as-needed basis.
Also today, Johnson reached a buzzer beater union deal to clear the way for his 'Green Social Housing' plan, only for aldermen to spurn his hopes for quick vote by sidelining the measure moments later.
Here's what else is happening today. And remember, for the latest breaking news in Chicago, visit chicagotribune.com/latest-headlines and sign up to get our alerts on all your devices.
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NEW YORK, June 09, 2025--(BUSINESS WIRE)--DWS Municipal Income Trust (KTF) (the "Fund") announced today its regular June monthly distribution. Details are as follows: Declaration – 06/09/2025 Ex-Date – 06/20/2025 Record – 6/20/2025 Payable – 06/30/2025 Fund Ticker Distribution Per Share Prior Distribution Per Share DWS Municipal Income Trust KTF $0.0610 $0.0610 The Fund intends to distribute all or substantially all of its net investment income each year through its regular monthly distributions and to distribute any realized capital gains at least annually. In addition, in any monthly period, to maintain its declared per common share distribution amount, the Fund may distribute more or less than its net investment income during the period. In the event the Fund distributes more than its net investment income during any yearly period, such distributions may also include realized gains and/or a return of capital. When distributions exceed total return performance, the difference will reduce the Fund's net asset value. It is estimated that a portion of the Fund's June distribution consists of a return of capital. A return of capital may occur, for example, when some or all of a shareholder's investment is paid back to the shareholder. A return of capital distribution does not necessarily reflect a fund's investment performance and should not be confused with "yield" or "income." Shareholders should not draw any conclusions about the Fund's investment performance from the amount of its monthly distribution. As required by Federal securities laws, the Fund will issue a notice to its common shareholders in connection with its monthly distribution that contains information about the amount and estimated sources of the distribution and other related information. The final determination of the source and tax status of all distributions paid in 2025 will be made after the end of 2025 and will be provided on Form 1099-DIV. Important Information DWS Municipal Income Trust. Bond investments are subject to interest-rate, credit, liquidity and market risks to varying degrees. When interest rates rise, bond prices generally fall. Credit risk refers to the ability of an issuer to make timely payments of principal and interest. Municipal securities are subject to the risk that litigation, legislation or other political events, local business or economic conditions or the bankruptcy of the issuer could have a significant effect on an issuer's ability to make payments of principal and/or interest. The market for municipal bonds may be less liquid than for taxable bonds, and there may be less information available on the financial condition of issuers of municipal securities than for public corporations. Investing in derivatives entails special risks relating to liquidity, leverage and credit that may reduce returns and/or increase volatility. Leverage results in additional risks and can magnify the effect of any gains or losses. Although the Fund seeks income that is exempt from federal income taxes, a portion of the Fund's distributions may be subject to federal, state and local taxes, including the alternative minimum tax. Closed-end funds, unlike open-end funds, are not continuously offered. There is a one-time public offering and once issued, shares of closed-end funds are bought and sold in the open market through a stock exchange. Shares of closed-end funds frequently trade at a discount to the net asset value. The price of a fund's shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its shares will trade at, below or above net asset value. Past performance is no guarantee of future results. This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction. Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like "expect," "anticipate," "believe," "intend," "estimated" and similar expressions. Such statements represent management's current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. The following factors, among others, could cause actual results to differ materially from forward-looking statements: (i) the effects of adverse changes in market and economic conditions; (ii) legal and regulatory developments; and (iii) other additional risks and uncertainties, including public health crises (including the pandemic spread of viruses), war, terrorism, trade disputes and related geopolitical events. War, terrorism, sanctions, economic uncertainty, trade disputes, public health crises and related geopolitical events have led, and, in the future, may lead to significant disruptions in US and world economies and markets, which may lead to increased market volatility and may have significant adverse effects on the Fund and its investments. NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO BANK GUARANTEENOT A DEPOSIT • NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY DWS Distributors, Inc.222 South Riverside PlazaChicago, IL Tel (800) 621-1148© 2025 DWS Group GmbH & Co. KGaA. All rights reserved. The brand DWS represents DWS Group GmbH & Co. KGaA and any of its subsidiaries such as DWS Distributors, Inc. which offers investment products or DWS Investment Management Americas, Inc. and RREEF America L.L.C. which offer advisory services. (R-106217-1) (06/25) View source version on Contacts For additional information: DWS Press Office (212) 454-4500Shareholder Account Information (800) 294-4366 DWS Closed-End Funds (800) 621-1148 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
