Introduction to the Transaction SIT Investment Associates Inc, a prominent investment management firm, has recently expanded its portfolio with the acquisition of shares in DWS Municipal Income Trust (NYSE:KTF). This move signifies a strategic addition to the firm's diverse investment holdings, reflecting its ongoing search for value in the fixed income market. The transaction details reveal a significant investment in KTF, a closed-end management company focusing on tax-exempt securities.
SIT Investment Associates Inc, a seasoned investment firm, has recently expanded its investment portfolio by adding shares of DWS Strategic Municipal Income Trust (NYSE:KSM). This transaction has a modest impact of 0.05% on the firm's portfolio, bringing the total number of shares held in KSM to 565,322. Founded in 1981 by Eugene C. Sit, SIT Investment Associates Inc has grown from a small team with $1 million in capital to a prominent investment management company with over $6.6 billion in assets under management.