NEW YORK--(BUSINESS WIRE)--Deutsche Municipal Income Trust (NYSE: KTF) and Deutsche Strategic Municipal Income Trust (NYSE: KSM) (each, a “Fund,” and together, the “Funds”) each announced today the completion of the issuance of a new series of Floating Rate Municipal Term Preferred Shares (“Series 2018 MTPS”) in a private offering. KTF issued 39,750 shares of Series 2018 MTPS with an aggregate liquidation preference of $198,750,000, and KSM issued 2,800 shares of Series 2018 MTPS with an aggreg