[SCHEDULE 13G/A] DWS Municipal Income Trust SEC Filing
Karpus Management, Inc. reported beneficial ownership of 3,057,936 shares of DWS Municipal Income Trust common stock, representing 7.81% of the class. The filing states Karpus has sole voting and dispositive power over these shares and that the shares are held in accounts it manages. Karpus identifies itself as a New York-registered investment adviser controlled by City of London Investment Group plc but says effective informational barriers mean CLIG does not exercise voting or investment power over these shares. The filing is made on a Schedule 13G (Amendment No. 1), indicating a passive investor position rather than an attempt to influence control.
Karpus Management, Inc. ha dichiarato la propriet脿 effettiva di 3.057.936 azioni ordinarie di DWS Municipal Income Trust, pari a 7,81% della classe. La comunicazione precisa che Karpus detiene la piena facolt脿 di voto e di disposizione su tali azioni, che sono custodite in conti gestiti dalla societ脿. Karpus si presenta come un consulente d'investimento registrato a New York controllato da City of London Investment Group plc, ma segnala che barriere informative efficaci impediscono a CLIG di esercitare poteri di voto o di investimento su queste azioni. La segnalazione 猫 stata effettuata tramite un Schedule 13G (Emendamento n. 1), a indicare una posizione da investitore passivo e non un tentativo di influenzare il controllo.
Karpus Management, Inc. declar贸 la propiedad beneficiaria de 3.057.936 acciones ordinarias de DWS Municipal Income Trust, lo que representa el 7,81% de la clase. La presentaci贸n indica que Karpus tiene poder exclusivo de voto y disposici贸n sobre estas acciones, que se encuentran en cuentas que administra. Karpus se identifica como un asesor de inversiones registrado en Nueva York controlado por City of London Investment Group plc, pero se帽ala que barreras informativas efectivas impiden que CLIG ejerza poder de voto o de inversi贸n sobre estas acciones. La presentaci贸n se realiz贸 en un Schedule 13G (Enmienda n.潞 1), lo que indica una posici贸n de inversor pasivo y no un intento de influir en el control.
Karpus Management, Inc.電� DWS Municipal Income Trust 氤错喌欤� 3,057,936欤茧ゼ 鞁れ唽鞙犿晿瓿� 鞛堨溂氅�, 鞚措姅 頃措嫻 膦呺鞚� 7.81%鞐� 頃措嫻頃滊嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐� 霐半ゴ氅� Karpus電� 鞚� 欤检嫕霌れ棎 雽�頃� 雼弲 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堨溂氅� 頃措嫻 欤检嫕鞚� 須岇偓臧� 甏�毽晿電� 瓿勳鞐� 氤搓磤霅橃柎 鞛堨姷雼堧嫟. Karpus電� City of London Investment Group plc臧� 歆�氚绊晿電� 雺挫殨 霌彪 韴瀽鞛愲靷 鞛愳嫚鞚� 氚濏瀳氅挫劀霃�, 鞝曤炒 彀嫧 鞛レ箻臧� 須臣鞝侅溂搿� 鞛戨彊頃� CLIG臧� 鞚措摛 欤检嫕鞐� 雽�頃� 鞚橁舶甓岇澊雮� 韴瀽甓岇潉 頄夓偓頃橃 氇豁暅雼り碃 氇呾嫓頄堨姷雼堧嫟. 頃措嫻 氤搓碃電� Schedule 13G(靾橃爼靹� 1順�)搿� 鞝滌稖霅橃柎 歆�氚瓣秾 頄夓偓毳� 雲鸽Π 瓴冹澊 鞎勲媽 靾橂彊鞝� 韴瀽鞛� 歆�鞙勲ゼ 雮橅儉雰呺媹雼�.
Karpus Management, Inc. a d茅clar茅 la propri茅t茅 b茅n茅ficiaire de 3 057 936 actions ordinaires de DWS Municipal Income Trust, repr茅sentant 7,81% de la cat茅gorie. Le d茅p么t indique que Karpus d茅tient le pouvoir exclusif de vote et d'ali茅nation sur ces actions, lesquelles sont d茅tenues dans des comptes qu'il g猫re. Karpus s'identifie comme un conseiller en investissement enregistr茅 脿 New York contr么l茅 par City of London Investment Group plc, mais pr茅cise que des barri猫res d'information effectives emp锚chent CLIG d'exercer un pouvoir de vote ou d'investissement sur ces actions. Le d茅p么t a 茅t茅 fait via un Schedule 13G (Amendement n掳1), ce qui indique une position d'investisseur passif plut么t qu'une tentative d'influencer le contr么le.
Karpus Management, Inc. meldete die wirtschaftliche Eigent眉merschaft von 3.057.936 Stammaktien der DWS Municipal Income Trust, was 7,81% der Aktienklasse entspricht. Die Einreichung gibt an, dass Karpus alleinige Stimm- und Verf眉gungsgewalt 眉ber diese Aktien hat und die Aktien in von ihm verwalteten Konten gehalten werden. Karpus bezeichnet sich als in New York registrierten Anlageberater, der von der City of London Investment Group plc kontrolliert wird, erkl盲rt jedoch, dass wirksame Informationsbarrieren verhindern, dass CLIG Stimm- oder Anlageentscheidungen 眉ber diese Aktien trifft. Die Meldung erfolgte auf einem Schedule 13G (脛nderung Nr. 1) und signalisiert damit eine passive Investorenstellung, nicht einen Versuch, Kontrolle zu beeinflussen.
- Material disclosure of ownership: 3,057,936 shares (7.81%) reported, providing transparency to the market.
- Sole voting and dispositive power: Karpus reports exclusive voting and disposition authority over the disclosed shares.
- Schedule 13G classification: Filing indicates the stake is held passively and not for control purposes.
- Informational barrier disclosure: Statement that Karpus operates independently from its parent (CLIG) clarifies attribution considerations.
- None.
Insights
TL;DR Karpus holds a material 7.81% passive stake with sole voting and dispositive control, a noteworthy ownership position for investors to monitor.
Karpus' disclosed 7.81% holding is material relative to typical mutual fund/trust free floats and could affect liquidity or be relevant in proxy matters even if held passively. The filing under Rule 13d-1(b)/(c) (Schedule 13G) and the certification that the position is held in the ordinary course of business indicate no intent to change control. Sole voting and dispositive power reported for the full stake means Karpus can act unilaterally with respect to votes and dispositions, which is important for understanding potential block trades or proxy voting outcomes.
TL;DR A >5% disclosure with sole voting power is governance-relevant, though the 13G status signals passive intent.
The filing appropriately discloses the reporter's control rights and the informational barrier with its parent company. From a governance perspective, a holder with sole voting power over 7.81% can influence shareholder votes if it chooses, even absent an expressed activist agenda. The explicit certification that holdings are not for control purposes and the Schedule 13G classification reduce immediate governance concerns, but the size of the stake makes future voting positions a point of interest for other shareholders and the board.
Karpus Management, Inc. ha dichiarato la propriet脿 effettiva di 3.057.936 azioni ordinarie di DWS Municipal Income Trust, pari a 7,81% della classe. La comunicazione precisa che Karpus detiene la piena facolt脿 di voto e di disposizione su tali azioni, che sono custodite in conti gestiti dalla societ脿. Karpus si presenta come un consulente d'investimento registrato a New York controllato da City of London Investment Group plc, ma segnala che barriere informative efficaci impediscono a CLIG di esercitare poteri di voto o di investimento su queste azioni. La segnalazione 猫 stata effettuata tramite un Schedule 13G (Emendamento n. 1), a indicare una posizione da investitore passivo e non un tentativo di influenzare il controllo.
Karpus Management, Inc. declar贸 la propiedad beneficiaria de 3.057.936 acciones ordinarias de DWS Municipal Income Trust, lo que representa el 7,81% de la clase. La presentaci贸n indica que Karpus tiene poder exclusivo de voto y disposici贸n sobre estas acciones, que se encuentran en cuentas que administra. Karpus se identifica como un asesor de inversiones registrado en Nueva York controlado por City of London Investment Group plc, pero se帽ala que barreras informativas efectivas impiden que CLIG ejerza poder de voto o de inversi贸n sobre estas acciones. La presentaci贸n se realiz贸 en un Schedule 13G (Enmienda n.潞 1), lo que indica una posici贸n de inversor pasivo y no un intento de influir en el control.
Karpus Management, Inc.電� DWS Municipal Income Trust 氤错喌欤� 3,057,936欤茧ゼ 鞁れ唽鞙犿晿瓿� 鞛堨溂氅�, 鞚措姅 頃措嫻 膦呺鞚� 7.81%鞐� 頃措嫻頃滊嫟瓿� 氤搓碃頄堨姷雼堧嫟. 鞝滌稖 靹滊鞐� 霐半ゴ氅� Karpus電� 鞚� 欤检嫕霌れ棎 雽�頃� 雼弲 鞚橁舶甓� 氚� 觳橂秳甓�鞚� 氤挫湢頃橁碃 鞛堨溂氅� 頃措嫻 欤检嫕鞚� 須岇偓臧� 甏�毽晿電� 瓿勳鞐� 氤搓磤霅橃柎 鞛堨姷雼堧嫟. Karpus電� City of London Investment Group plc臧� 歆�氚绊晿電� 雺挫殨 霌彪 韴瀽鞛愲靷 鞛愳嫚鞚� 氚濏瀳氅挫劀霃�, 鞝曤炒 彀嫧 鞛レ箻臧� 須臣鞝侅溂搿� 鞛戨彊頃� CLIG臧� 鞚措摛 欤检嫕鞐� 雽�頃� 鞚橁舶甓岇澊雮� 韴瀽甓岇潉 頄夓偓頃橃 氇豁暅雼り碃 氇呾嫓頄堨姷雼堧嫟. 頃措嫻 氤搓碃電� Schedule 13G(靾橃爼靹� 1順�)搿� 鞝滌稖霅橃柎 歆�氚瓣秾 頄夓偓毳� 雲鸽Π 瓴冹澊 鞎勲媽 靾橂彊鞝� 韴瀽鞛� 歆�鞙勲ゼ 雮橅儉雰呺媹雼�.
Karpus Management, Inc. a d茅clar茅 la propri茅t茅 b茅n茅ficiaire de 3 057 936 actions ordinaires de DWS Municipal Income Trust, repr茅sentant 7,81% de la cat茅gorie. Le d茅p么t indique que Karpus d茅tient le pouvoir exclusif de vote et d'ali茅nation sur ces actions, lesquelles sont d茅tenues dans des comptes qu'il g猫re. Karpus s'identifie comme un conseiller en investissement enregistr茅 脿 New York contr么l茅 par City of London Investment Group plc, mais pr茅cise que des barri猫res d'information effectives emp锚chent CLIG d'exercer un pouvoir de vote ou d'investissement sur ces actions. Le d茅p么t a 茅t茅 fait via un Schedule 13G (Amendement n掳1), ce qui indique une position d'investisseur passif plut么t qu'une tentative d'influencer le contr么le.
Karpus Management, Inc. meldete die wirtschaftliche Eigent眉merschaft von 3.057.936 Stammaktien der DWS Municipal Income Trust, was 7,81% der Aktienklasse entspricht. Die Einreichung gibt an, dass Karpus alleinige Stimm- und Verf眉gungsgewalt 眉ber diese Aktien hat und die Aktien in von ihm verwalteten Konten gehalten werden. Karpus bezeichnet sich als in New York registrierten Anlageberater, der von der City of London Investment Group plc kontrolliert wird, erkl盲rt jedoch, dass wirksame Informationsbarrieren verhindern, dass CLIG Stimm- oder Anlageentscheidungen 眉ber diese Aktien trifft. Die Meldung erfolgte auf einem Schedule 13G (脛nderung Nr. 1) und signalisiert damit eine passive Investorenstellung, nicht einen Versuch, Kontrolle zu beeinflussen.
FAQ
How many shares of DWS Municipal Income Trust does Karpus Management own (KTF)?
What percentage of DWS Municipal Income Trust does Karpus Management hold?
Does Karpus have voting control over its shares of DWS Municipal Income Trust?
Is this filing an indication that Karpus intends to seek control of DWS Municipal Income Trust?
Who filed this Schedule 13G/A for Karpus Management?
