DWS Strategic Municipal Income Trust (the Fund) is a closed-end, diversified management investment company. The Fund seeks a high level of current income exempt from federal income tax by investing in a portfolio of investment-grade, tax-exempt securities. The Fund invests at least 50% of its assets in investment-grade municipal securities or unrated municipal securities of comparable quality, and may invest, up to 50% of its assets in high-yield municipal securities, which are below investment grade. Deutsche Investment Management Americas Inc. (DIMA), which is a part of Deutsche Asset Management, is the investment advisor for the Fund. DIMA is an indirect, wholly owned subsidiary of Deutsche Bank AG.