The Boards of Trustees of Deutsche High Income Trust
(NYSE:KHI), Deutsche Multi-Market Income Trust (NYSE:KMM), Deutsche
Municipal Income Trust (NYSE:KTF), Deutsche Strategic Municipal
Income Trust (NYSE:KSM) and Deutsche Strategic Income Trust
(NYSE:KST) (each, a “Fund” and collectively, the “Funds”)
announced today the results for the 2015 Annual Meeting of
Shareholders for each Fund held on September 30, 2015.
For each of KHI, KMM and KST, a quorum was present and the Class
I Trustee nominees (Keith R. Fox, Richard J. Herring, and William
N. Searcy, Jr.) received a sufficient number of votes to be elected
as Trustees.
For each of KSM and KTF, a quorum was present and the Class I
Trustee nominees (Dawn-Marie Driscoll, Richard J. Herring and
William N. Searcy, Jr.) and preferred share Trustee nominees (Keith
R. Fox and Paul K. Freeman) received a sufficient number of votes
from the common and preferred shareholders voting together as a
class and from the preferred shares voting separately as a class,
respectively, to be elected as Trustees.
For more information on each Fund visit www.deutschefunds.com or
call (800) 349-4281.
Important Information
Deutsche High Income Trust seeks to provide the highest
current income obtainable, consistent with reasonable risk, with
capital gains secondary. Bond investments are subject to
interest-rate and credit risks. 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 presents certain risks, such as
currency fluctuations, political and economic changes, and market
risks.
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. Emerging
markets tend to be more volatile than the markets of more mature
economies, and generally have less diverse and less mature economic
structures and less stable political systems than those of
developed countries. Investing in foreign securities 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. Emerging
markets tend to be more volatile than the markets of more mature
economies, and generally have less diverse and less mature economic
structures and less stable political systems than those of
developed countries. Investing in foreign securities 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.
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 & Wealth Management represents the asset
management and wealth management activities conducted by Deutsche
Bank AG or any of its subsidiaries. Clients will be provided
Deutsche Asset & Wealth Management products or services by one
or more legal entities that will be identified to clients pursuant
to the contracts, agreements, offering materials or other
documentation relevant to such products or services.
(R-32526-3 9/15)
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE • NO
BANK GUARANTEENOT A DEPOSIT • NOT INSURED BY ANY FEDERAL
GOVERNMENT AGENCY
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version on businesswire.com: http://www.businesswire.com/news/home/20150930006796/en/
For additional
information:Deutsche Bank Press Office,
212-250-5536Shareholder Account Information,
800-294-4366Deutsche Closed-End Funds, 800-349-4281
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