The Boards of Trustees of Deutsche Multi-Market Income Trust
(NYSE: KMM), Deutsche Municipal Income Trust (NYSE: KTF); Deutsche
Strategic Income Trust (NYSE: KST); and Deutsche Strategic
Municipal Income Trust (NYSE: KSM) and the Boards of Directors
of Deutsche High Income Opportunities Fund, Inc. (NYSE: DHG)
(each, a “Fund” and collectively, the “Funds”) announced today the
results for the 2017 Annual Meeting of Shareholders for each Fund
held on September 20, 2017.
For each of KMM and KST, a quorum was present and the Class III
Trustee nominees (John W. Ballantine, Dawn-Marie Driscoll, Kenneth
C. Froewiss and Rebecca W. Rimel) received a sufficient number of
votes to be elected as Trustees.
For each of KSM and KTF, a quorum was present and the Class III
Trustee nominees (John W. Ballantine, Kenneth C. Froewiss and
Rebecca W. Rimel) 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 DHG, a quorum was present and the Class I Director nominees
(John W. Ballantine, Dawn-Marie Driscoll, Kenneth C. Froewiss and
Rebecca W. Rimel) received a sufficient number of votes to be
elected as Directors.
For more information on each Fund visit www.deutschefunds.com or
call (800) 349-4281.
Important Information
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.
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, 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.
Nothing contained herein is fiduciary or impartial investment
advice that is individualized or directed to any plan, plan
participant, or IRA owner regarding the advisability of any
investment transaction, including any IRA distribution or
rollover.
NOT FDIC/ NCUA INSURED • MAY LOSE VALUE
• NO BANK GUARANTEE
NOT 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. Clients will be provided Deutsche Asset 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-052499-1 (09/17)
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version on businesswire.com: http://www.businesswire.com/news/home/20170920006313/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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