NEW YORK--(BUSINESS WIRE)--In addition to its regular monthly distribution, DWS Municipal Income Trust announced today a taxable short-term capital gain distribution per common share. The Fund has both common and preferred shares outstanding. In accordance with a position taken by the Internal Revenue Service, the Fund is required to allocate a proportionate share of distributions designated as taxable to both its common and preferred shares. Details are as follows: Declaration – 12/18/2025 Ex-. ...

Group 1 - Preferred shares have been utilized for over 200 years, originating in 1878 with the Pennsylvania Railroad Company issuing perpetual preferreds at a 6% coupon to raise capital without diluting shareholders [1] - Rida Morwa, with over 35 years of experience in investment and commercial banking, leads the Investing Group High Dividend Opportunities, focusing on sustainable income through high-yield investments with a targeted safe yield of +9% [1] - The service offers features such as a model portfolio with buy/sell alerts, preferred and baby bond portfolios for conservative investors, and regular market updates, emphasizing community and education in investment [1] Group 2 - The article mentions that any recommendations are closely monitored, with Buy and Sell alerts exclusive to members of the service [3]

Core Insights - Customers Bancorp (CUBI) is a regional bank located in Pennsylvania, known for its preferred share (CUBI.PR.F) that has been paying dividends at a floating rate for the past four years [1] Group 1: Company Overview - Customers Bancorp operates primarily in the regional banking sector, focusing on providing financial services to its customers [1] Group 2: Investment Focus - The article emphasizes a focus on income investing through various financial instruments, including common shares, preferred shares, and bonds [1]

Core Insights - Valley National Bancorp (VLY) is a regional bank with a focus on highly populated areas across the United States [1] Group 1: Company Overview - Valley National Bancorp operates branches throughout the United States, emphasizing locations in densely populated regions [1] - The bank offers common shares along with three different types of preferred shares [1] Group 2: Investment Focus - The current investment strategy includes income investing through common shares, preferred shares, or bonds [1] - The author aims to publish two articles per week, focusing on income investing and broader economic topics [1]

Core Insights - Bank of Hawaii (BOH) is a regional bank with a significant presence in Hawaii and the southwestern United States, offering both common and preferred shares [1] Group 1: Company Overview - Bank of Hawaii has a strong regional presence and focuses on income investing through common shares, preferred shares, or bonds [1] - The bank offers two preferred shares, which were previously covered in May [1] Group 2: Analyst Background - The analyst has a background in history/political science and holds an MBA with a specialization in Finance and Economics, indicating a strong foundation in financial analysis [1] - The analyst has been investing since 2000 and currently targets two articles per week for publication [1]

Group 1 - The article discusses the author's journey into investing, starting in high school in 2011, focusing on REITs, preferred stocks, and high-yield bonds, indicating a long-standing interest in markets and the economy [1] - The author has recently adopted a strategy that combines long stock positions with covered calls and cash secured puts, emphasizing a fundamental long-term investment approach [1] - The author primarily covers REITs and financials on Seeking Alpha, with occasional articles on ETFs and other stocks influenced by macro trade ideas [1]

Core Insights - Concerns over US regional banks' preferred shares have intensified following issues at Zions Bancorp and Western Alliance Bancorp, reminiscent of the selloff after the collapse of Silicon Valley Bank [1][4] Group 1: Market Reaction - Zions Bancorp's preferred shares fell 6.36% to $20.38, marking the largest drop since May 2023 and reaching an 18-month low, while Western Alliance's preferred shares dropped 2.87% to $20.83, the most significant decline since April 2024 [2][4] - Bid prices indicate that the preferred securities are expected to decline further, reflecting investor sentiment [2] Group 2: Broader Context - The recent disclosures from Zions and Western Alliance come amid existing investor anxiety due to the collapse of auto lender Tricolor Holdings and the bankruptcy of auto-parts supplier First Brands Group [3] - JPMorgan Chase's CEO Jamie Dimon has raised concerns about potential issues in credit quality, contributing to a cautious trading environment [3][4] Group 3: Comparison with Larger Banks - Preferred stocks from larger banks, referred to as the Big 6, remained relatively stable, while smaller banks' preferred shares experienced a more significant decline, with those in the retail market losing approximately 0.7% on average [5] Group 4: Historical Context - The 2023 banking crisis was triggered by rising interest rates, which adversely affected the bond portfolios of regional banks, leading to significant asset sales and the eventual collapse of SVB [6]

Core Viewpoint - Metaplanet is shifting towards issuing preferred shares as a strategy to optimize capital and enhance Bitcoin holdings per share without diluting common shareholders [2][3]. Group 1: Company Strategy - The preferred share strategy is part of a capital optimization phase aimed at boosting Bitcoin holdings per share [2]. - The company has suspended several series of stock acquisition rights, indicating a strategic recalibration [2]. - Preferred shares are viewed as a "more powerful tool" than common stock issuance, allowing capital raising at a fixed dividend rate without increasing share count [3]. Group 2: Financial Implications - Gerovich argues that if the rate of increase in Bitcoin exceeds the cost of capital, it acts as compound interest, ultimately benefiting common shareholders [4]. - A formula presented by Gerovich suggests that if Bitcoin compounds at 30% annually and preferred dividends are set at 6%, the long-term outcome would simulate dilution-free growth equivalent to issuing new stock at an mNAV of 8.6x [5]. - Metaplanet is effectively debt-free and maintains one of the healthiest financial bases in Japan [5].

Core Viewpoint - Life & Banc Split Corp. is planning a stock split of its class A shares due to strong performance, with the split expected to take effect on October 27, 2025 [1][4]. Group 1: Stock Split Details - Class A shareholders will receive 10 additional class A shares for every 100 shares held as part of the stock split [1]. - The stock split is subject to approval from the Toronto Stock Exchange [1]. - The stock split is a non-taxable event, and no fractional shares will be issued [4]. Group 2: Shareholder Benefits - Following the stock split, class A shareholders will continue to receive monthly cash distributions targeted at $0.10 per share, leading to an expected increase of approximately 10% in total distributions [2]. - The Fund offers a distribution reinvestment plan for class A shareholders to reinvest distributions without commission [2]. Group 3: Performance Metrics - Over the past 10 years, class A shares have delivered a total return of 20.5% per annum, outperforming the S&P/TSX Capped Financials Total Return Index by 6.8% and the S&P/TSX Composite Total Return Index by 8.7% [3]. - Since inception, class A shareholders have received cash distributions totaling $20.95 per share [3]. Group 4: Fund Composition - The Fund invests equally in common shares of the six largest Canadian banks and four major publicly traded Canadian life insurance companies [5]. - The portfolio includes notable institutions such as the Royal Bank of Canada and Manulife Financial Corporation [5]. Group 5: Risk Mitigation - Preferred shares of the Fund are expected to have downside protection of approximately 52% against declines in the value of the Fund's portfolio [4].

Core Viewpoint - Brompton Split Banc Corp. plans to execute a stock split of its class A shares due to strong performance, with class A shareholders receiving 17 additional shares for every 100 shares held, pending approval from the Toronto Stock Exchange [1][4]. Group 1: Stock Split Details - The stock split will take effect for class A shareholders of record on October 27, 2025, and trading on an ex-split basis will commence on October 28, 2025 [1][4]. - No fractional shares will be issued, and the number of shares received will be rounded down to the nearest whole number [4]. Group 2: Shareholder Benefits - Class A shareholders will continue to receive monthly cash distributions targeted at $0.10 per share, leading to an expected increase of approximately 17% in total distributions [2]. - The Fund offers a distribution reinvestment plan for class A shareholders to reinvest distributions without commission, enhancing compound growth potential [2]. Group 3: Performance Metrics - Over the past 10 years, class A shares have delivered an annual total return of 18.4%, outperforming the S&P/TSX Equal Weight Diversified Banks Total Return Index by 5.1% and the S&P/TSX Composite Total Return Index by 6.6% [3][7]. - Since inception, class A shareholders have received cash distributions totaling $23.45 per share [3]. Group 4: Fund Composition - The Fund invests equally in common shares of the six largest Canadian banks and may allocate up to 10% of its total assets in global financial companies for diversification and return potential [5].