Deutsche Multi-Market Income Trust (NYSE:KMM), Deutsche
Municipal Income Trust (NYSE:KTF), Deutsche Strategic Income Trust
(NYSE:KST), Deutsche Strategic Municipal Income Trust (NYSE:KSM)
and Deutsche High Income Opportunities Fund, Inc. (NYSE:DHG) (each,
a “Fund,” and, collectively, the “Funds”) announced that the
Annual Meeting of Shareholders for each Fund will be held on
September 20, 2017 at the offices of Deutsche Investment Management
Americas Inc., 345 Park Avenue, New York, NY 10154. Holders of
record of common shares and preferred shares, as applicable, of the
Funds at the close of business on July 20, 2017 are entitled to
vote at the annual meeting and any adjournments or postponements
thereof.
For more information on the Funds, including their most recent
month-end performance, visit deutschefunds.com or call (800)
349-4281 or 00-800-2287-2750 from outside the US.
Important Information
Deutsche Multi-Market Income Trust seeks to provide high
income consistent with prudent total return. The fund invests in a
range of income-producing securities such as U.S. corporate
fixed-income securities and debt obligations of foreign
governments, their agencies and instrumentalities which may be
denominated in foreign currencies and may not be rated. 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.
Investments in lower-quality (“junk bonds”) and non-rated
securities present greater risk of loss than investments in
higher-quality securities. 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. Investing
in foreign securities, particularly those of emerging markets,
presents certain risks, such as currency fluctuations, political
and economic changes, and market risks.
Deutsche Municipal Income Trust seeks to provide high current
income exempt from federal income tax by investing in a diversified
portfolio of investment-grade tax-exempt securities. 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. 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.
Deutsche Strategic Income Trust seeks to provide high current
income by investing its assets in a combination of (a) lower-rated,
corporate fixed-income securities; (b) fixed-income securities of
emerging markets and other foreign issuers; and (c) fixed-income
securities of the US government and its agencies and
instrumentalities, and mortgage-backed issuers. 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. Investments in lower-quality
(“junk bonds”) and non-rated securities present greater risk of
loss than investments in higher-quality securities. 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. Investing in foreign securities, particularly
those of emerging markets, presents certain risks, such as currency
fluctuations, political and economic changes, and market
risks.
Deutsche Strategic Municipal Income Trust seeks a high level
of current income exempt from federal income tax. The fund will
invest at least 50 percent of its assets in investment-grade
municipal securities or unrated municipal securities of comparable
quality, and may invest up to 50 percent of its assets in
high-yield municipal securities that are below investment grade.
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. 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.
Deutsche High Income Opportunities Fund, Inc. seeks high
current income with a secondary objective of total return. The Fund
pursues its investment objectives by investing primarily in
securities designed to generate income, with the potential for
capital appreciation being a secondary consideration. The Fund may
invest in a broad range of income-producing securities, including,
but not limited to, domestic and foreign debt securities of any
credit quality or maturity (including below investment grade debt
securities and debt securities of issuers located in countries with
new or emerging securities markets), convertible securities
(including convertible bonds), dividend-paying common stocks,
preferred stocks, and securities of real estate investment trusts
(“REITS”), energy trusts and other investment companies. The Fund
may invest in debt securities not paying interest currently and
securities in default. In addition, the Fund may invest in senior
bank loans, including bank loan participations and assignments. The
Fund may buy or sell protection on credit exposure and may also
purchase securities on a when-issued basis and engage in short
sales. The Fund may invest in cash or money market instruments in
the event portfolio management determines that securities meeting
the Fund’s investment objectives are not readily available for
purchase. Future earnings of the Fund cannot be guaranteed and the
Fund's dividend policy is subject to change. Any fund that
concentrates in a particular segment of the market will generally
be more volatile than a fund that invests more broadly. 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.
Investments in lower-quality (“junk bonds”) and non-rated
securities present greater risk of loss than investments in
higher-quality securities. There are special risks associated with
an investment in real estate, including REITs. These risks include
credit risk, interest rate fluctuations and the impact of varied
economic conditions. Stocks may decline in value. Investing in
foreign securities presents certain risks, such as currency
fluctuations, political and economic changes, and market risks.
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.
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, a 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.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO
BANK GUARANTEENOT A DEPOSIT • NOT INSURED BY ANY FEDERAL
GOVERNMENT AGENCY
Deutsche Asset Management represents the asset management
activities conducted by Deutsche Bank AG or any of its
subsidiaries. (R-050825-1 5/17)
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170517006043/en/
Deutsche Bank Press Office, 212-250-7171Shareholder
Account Information, 800-294-4366Deutsche Closed-End Funds,
800-349-4281 or 00-800-2287-2750 from outside the US
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