Deutsche Strategic Municipal Income Trust announces an Increase in Equity Buyback.

DWS Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund’s investment objective is to provide a high level of current income exempt from federal income tax. The Fund is focused on investing at least 50% of its assets in investment-grade or unrated municipal securities of comparable quality and may invest up to 50% of its assets in high-yield municipal securities that are below investment grade. The lowest-quality municipal securities, in which the Fund is focused on investing, are those that are rated B by Moody's Investors Service, Inc. and B- by Standard & Poor's Corporation. The Fund invests in municipal and revenue bond sectors. It has investments in Arizona, Colorado, Connecticut, Florida, Georgia, Guam, Illinois, Indiana, Iowa, Kansas, Kentucky, Mississippi, Missouri, New Jersey, North Carolina, Pennsylvania, Maryland and Hawaii, among others. DWS Investment Management Americas, Inc. is the Fund's investment advisor.