Welcome to our dedicated page for DTF Tax-Free Income 2028 Term Fund news (Ticker: DTF), a resource for investors and traders seeking the latest updates and insights on DTF Tax-Free Income 2028 Term Fund stock.
DTF Tax-Free Income 2028 Term Fund Inc. (symbol: DTF) is a diversified, closed-end management investment company. The primary investment objective of the fund is to offer current income that is exempt from regular federal income tax, while also focusing on preserving capital. To achieve this objective, DTF invests in a diversified portfolio of investment-grade, tax-exempt obligations.
The fund is designed to provide a steady income stream to its investors, making it an attractive option for those looking to minimize their tax liabilities while maintaining a strong, reliable return. DTF has a robust portfolio strategy that includes a variety of tax-exempt municipal bonds and other similar obligations, ensuring diversification and risk mitigation. The fund is managed by experienced professionals who continuously monitor market conditions and adjust the portfolio to meet the fund’s objectives.
DTF Tax-Free Income 2028 Term Fund Inc. has a clear mandate to preserve investor capital while providing tax-free income. This makes it an excellent choice for investors who are seeking a secure, tax-advantaged investment. The fund is structured to terminate on a specified date in 2028, at which point the fund will liquidate its assets and distribute the proceeds to its shareholders. This feature offers an additional layer of security, giving investors a clear timeline for their investment.
Currently, DTF continues to perform well, maintaining a strong credit rating and meeting its income distribution goals. The fund's management team remains vigilant in its investment selections, focusing on high-quality, investment-grade municipal bonds that provide consistent, tax-free income. DTF is committed to transparency and regularly updates its shareholders with the latest financial reports, market outlooks, and performance reviews.
DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) has announced dividend payments for its common stock. The Board of Directors authorized three dividend payments of 3.25 cents per share, payable on October 31, November 29, and December 31, 2024. The corresponding ex-dividend and record dates are set for October 15, November 15, and December 16, 2024, respectively.
The Fund anticipates that these dividends may exceed its net income and net realized capital gains, potentially resulting in a return of capital. Investors are advised that a return of capital distribution should not be confused with yield or income and does not necessarily reflect the Fund's investment performance. The exact amounts and sources for tax reporting will be determined based on the Fund's investment experience and may be subject to changes in tax regulations.
The Board of Directors of DTF Tax-Free Income 2028 Term Fund (NYSE: DTF) has announced the payment of dividends on its common stock. The dividends are set at 3.25 cents per share for each of the following dates: July 15, August 15, and September 16, 2024, with corresponding payable dates at the end of each respective month. The Fund anticipates that the dividends may exceed its net income and realized capital gains, implying a potential return of capital. This return of capital does not accurately reflect the Fund's investment performance. Investors will receive a Form 1099-DIV for federal tax reporting purposes.
The Board of Directors of DTF Tax-Free Income 2028 Term Fund (NYSE: DTF) announced amendments to its monthly distribution policy, now allowing returns of capital alongside net investment income. The monthly dividend will remain at $0.0325 per share, aimed at providing stability in a challenging market. Additionally, the Fund's performance benchmark will change to the Bloomberg 5-Year Municipal Bond Index to better reflect the portfolio's maturity. The Board believes these measures will enhance shareholder value, especially considering the high-grade municipal bond market's constraints.
The DTF Tax-Free Income 2028 Term Fund has announced dividends of 3.25 cents per share for three consecutive months—January, February, and March 2023. The ex-dividend dates are January 13, February 14, and March 14, while the record dates are January 17, February 15, and March 15. Payments are scheduled for January 31, February 28, and March 31. The Fund, managed by Duff & Phelps Investment Management Co., aims to provide current income exempt from regular federal income tax while preserving capital.
FAQ
What is the current stock price of DTF Tax-Free Income 2028 Term Fund (DTF)?
What is the market cap of DTF Tax-Free Income 2028 Term Fund (DTF)?
What is DTF Tax-Free Income 2028 Term Fund Inc.?
What is the main objective of DTF?
What types of investments does DTF focus on?
When is DTF expected to terminate?
How does DTF maintain its tax-free status?
Who manages DTF’s portfolio?
What makes DTF an attractive investment?
How does DTF ensure capital preservation?
Does DTF regularly update its shareholders?
What kind of income does DTF provide?
