DTF Tax-Free Income 2028 Term Fund Inc. Announces Appointment of Chief Investment Officer and Addition to Portfolio Management Team

Rhea-AI Summary

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) appoints Dusty L. Self as Chief Investment Officer and Phillip Hooks, CFA, to its portfolio management team. Self brings over 30 years of experience, focusing on investment grade municipal strategies, while Hooks adds 19 years of industry expertise in portfolio management and municipal bond research.

CHICAGO--(BUSINESS WIRE)-- DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) (the “Fund”), a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Investment Adviser”), today announced that Dusty L. Self has been appointed by the Fund’s Board of Directors as Chief Investment Officer and that Phillip Hooks, CFA, has been added to the Fund’s portfolio management team.

Ms. Self has been the Fund’s lead portfolio manager since June of 2023 and has served as a Vice President and portfolio manager of the Fund since 2022. Ms. Self has more than 30 years of experience focused on investment grade municipal strategies. Mr. Hooks brings 19 years of industry experience, concentrated in portfolio management and municipal bond research. Both Ms. Self and Mr. Hooks are “dual hatted” employees of Duff & Phelps Investment Management Co. and Seix Investment Advisors¹, each of which is a subsidiary and affiliated manager of Virtus Investment Partners.

David D. Grumhaus, Jr., President and Chief Executive Officer of the Fund, said, “Dusty has done a great job as DTF’s lead portfolio manager, and her promotion to CIO is a logical next step. I am also confident the addition of Phil as portfolio manager will further bolster the team.”

About the Fund

DTF Tax-Free Income 2028 Term Fund Inc. is a diversified closed-end investment management company whose investment objective is current income exempt from regular federal income tax consistent with preservation of capital. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations. For more information, visit www.dpimc.com/dtf or call (800) 338-8214.

About the Investment Adviser

Duff & Phelps Investment Management Co., an affiliated manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy.

¹ Seix Investment Advisors is a division of Virtus Fixed Income Advisers, LLC

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Clayton J. Minor or Timothy P. Riordan, (833) 604-3163

Source: DTF Tax-Free Income 2028 Term Fund Inc.

FAQ

Who has been appointed as Chief Investment Officer of DTF Tax-Free Income 2028 Term Fund Inc.?

Dusty L. Self has been appointed as Chief Investment Officer of DTF Tax-Free Income 2028 Term Fund Inc.

What is Phillip Hooks' role in the Fund?

Phillip Hooks, CFA, has been added to the Fund's portfolio management team.

How many years of experience does Dusty L. Self have?

Dusty L. Self has over 30 years of experience.

Which investment strategies does Dusty L. Self focus on?

Dusty L. Self focuses on investment grade municipal strategies.

What is the affiliation of Duff & Phelps Investment Management Co. and Seix Investment Advisors?

Duff & Phelps Investment Management Co. and Seix Investment Advisors are subsidiaries and affiliated managers of Virtus Investment Partners.