Scudder Municipal Income Trust (KTF) Declares a Monthly Distribution
May 07 2004 - 5:47PM
PR Newswire (US)
Scudder Municipal Income Trust (KTF) Declares a Monthly
Distribution NEW YORK, May 7 /PRNewswire-FirstCall/ -- Scudder
Municipal Income Trust (NYSE symbol: KTF) declared a monthly
dividend of $0.0675 per common share, payable on May 28, 2004 to
shareholders of record on May 17, 2004. The Ex-date is May 13,
2004. The previous monthly dividend was $0.0675 per share. The
Fund's initial offering was April 21, 1988. The current
distribution rate represents a 7.40% annualized dividend yield
based on the closing market price of $10.95 on May 6, 2004, and a
6.66% annualized dividend yield on a closing NAV of $12.17 on the
same date. Past performance is no guarantee of future results.
Annualized dividend yield is the latest monthly dividend shown as
an annualized percentage of net asset value/market price at month
end. Annualized dividend yield simply measures the level of
dividends and is not a complete measure of performance. Market
price, annualized dividend yield, net asset value are historical
and will fluctuate and do not guarantee future results. Investments
in funds involve risk. Some funds have more risk than others. These
include funds that allow exposure to or otherwise concentrate
investments in certain sectors, geographic regions, security types,
market capitalization or foreign securities (e.g., political or
economic instability, which can be accentuated in emerging market
countries). Not FDIC Insured. Not Guaranteed. May Lose Value.
Scudder Investments is part of Deutsche Asset Management which is
the marketing name in the US for the asset management activities of
Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche
Asset Management Inc., Deutsche Asset Management Investment
Services Ltd., Deutsche Investment Management Americas Inc. and
Scudder Trust Company. DATASOURCE: Scudder Municipal Income Trust
CONTACT: Judith Inosanto, +1-212-454-7304, Media, or James Beale,
1-800-349-4281, Investors, both for Scudder Municipal Income Trust
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