X0202 SCHEDULE 13G/A 0000769317-23-000023 0000769317 XXXXXXXX LIVE 1 Common Stock 09/29/2026 0000839533 DWS MUNICIPAL INCOME TRUST 233368109 875 THIRD AVENUE 875 THIRD AVENUE NEW YORK NY 10022-6225 Rule 13d-1(b) SIT INVESTMENT ASSOCIATES INC b MN 8984416.00 8984416.00 8984416.00 22.9 IA The Reporting Persons initially filed a Schedule 13G with respect to securities of the Issuer on 2/10/2022, and filed amendments thereto. Subsequently, the Reporting Persons' investment intent changed with respect to the securities of the Issuer and the Reporting Persons filed a Schedule 13D on 10/6/2023, and filed amendments thereto in accordance with Rule 13d-1(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As of 9/29/2026 the Reporting Persons no longer hold securities of the Issuer with a purpose or effect of changing or influencing control of the Issuer, or in connection with or as a participant in any transaction having that purpose or effect. Accordingly, the Reporting Persons are transitioning back to a Schedule 13G pursuant to Rule 13d-1(c) of the Exchange Act in accordance with Rule 13d-1(h) of the Exchange Act, and this Amendment No. 1 will serve as the Reporting Persons' exit Schedule 13D. SIT FIXED INCOME ADVISORS II LLC /ADV b DE 8984416.00 8984416.00 8984416.00 22.9 IA The Reporting Persons initially filed a Schedule 13G with respect to securities of the Issuer on 2/10/2022, and filed amendments thereto. Subsequently, the Reporting Persons' investment intent changed with respect to the securities of the Issuer and the Reporting Persons filed a Schedule 13D on 10/6/2023, and filed amendments thereto in accordance with Rule 13d-1(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). As of 9/29/2026 the Reporting Persons no longer hold securities of the Issuer with a purpose or effect of changing or influencing control of the Issuer, or in connection with or as a participant in any transaction having that purpose or effect. Accordingly, the Reporting Persons are transitioning back to a Schedule 13G pursuant to Rule 13d-1(c) of the Exchange Act in accordance with Rule 13d-1(h) of the Exchange Act, and this Amendment No. 1 will serve as the Reporting Persons' exit Schedule 13D. DWS MUNICIPAL INCOME TRUST 875 THIRD AVENUE, 875 THIRD AVENUE, NEW YORK, NEW YORK, 10022-6225. Sit Investment Associates, Inc. Sit Fixed Income Advisors II, LLC 80 South 8th Street, Suite 3300 Minneapolis, MN 55402 Sit Investment Associates, Inc. Minnesota Sit Fixed Income Advisors II, LLC Delaware N IA See response to item 9 on each cover page See response to item 11 on each cover page See response to item 5 on each cover page See response to item 6 on each cover page See response to item 7 on each cover page See response to item 8 on each cover page. The ownership percentages reported are based on 39,183,709 shares of common stock outstanding as of 5/31/2026, as reported in the Issuer's Report on Form N-CSRS filed with the Securities Exchange Commission. Sit Investment Associates, Inc. ("SIA") is an investment adviser registered under section 203 of the Investment Advisers Act of 1940. Sit Fixed Income Advisors II, LLC ("SFI") is an investment adviser registered under section 203 of the Investment Advisers Act of 1940 and a subsidiary of SIA. SIA and SFI provide investment management services to client accounts ("Accounts"). In their roles as investment advisers SIA and SFI possess shared voting and investment power over securities of the Issuer described in this schedule 13G owned by the Accounts and may be deemed to be the beneficial owner of such shares of the Issuer owned by the Accounts. All securities reported in this schedule 13G are owned by the Accounts. Pursuant to Rule 13d-4 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), SIA and SFI disclaim beneficial ownership of such securities. Y N Except as may be indicated if this is a joint filing with a registered investment company managed by SIA or SFI, not more than 5% of the class of such securities is owned by any one Account subject to the investment advice of SIA or SFI. Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11. Exhibit A Joint Filing Agreement SIT INVESTMENT ASSOCIATES INC Paul Rasmussen 09/30/2026 SIT FIXED INCOME ADVISORS II LLC /ADV Paul Rasmussen 09/30/2026