DTF Tax-Free Income 2028 Term Fund Inc. Announces Dividends
DTF Tax-Free Income 2028 Term Fund has announced dividend payments for the first quarter of 2025. The Fund will distribute 3.25 cents per share monthly, with payments scheduled for January 31, February 28, and March 31, 2025. The Board notes that these dividends may exceed the Fund's net income and realized capital gains, potentially resulting in a return of capital to investors. The exact tax implications will be detailed in Form 1099-DIV, which will be provided to shareholders for tax reporting purposes.
Il DTF Tax-Free Income 2028 Term Fund ha annunciato i pagamenti dei dividendi per il primo trimestre del 2025. Il Fondo distribuirà 3,25 centesimi per azione mensilmente, con pagamenti previsti per il 31 gennaio, il 28 febbraio e il 31 marzo 2025. Il Consiglio informa che questi dividendi potrebbero superare il reddito netto del Fondo e i guadagni capitali realizzati, portando potenzialmente a un rimborso di capitale per gli investitori. Le esatte implicazioni fiscali saranno dettagliate nel Modulo 1099-DIV, che sarà fornito agli azionisti per scopi di dichiarazione fiscale.
El DTF Tax-Free Income 2028 Term Fund ha anunciado los pagos de dividendos para el primer trimestre de 2025. El fondo distribuirá 3.25 centavos por acción mensualmente, con pagos programados para el 31 de enero, el 28 de febrero y el 31 de marzo de 2025. La Junta señala que estos dividendos pueden exceder el ingreso neto del fondo y las ganancias de capital realizadas, lo que podría resultar en un reembolso de capital para los inversores. Las implicaciones fiscales exactas se detallarán en el Formulario 1099-DIV, que se proporcionará a los accionistas con fines de declaración fiscal.
DTF Tax-Free Income 2028 Term Fund는 2025년 첫 번째 분기의 배당금 지급을 발표했습니다. 이 펀드는 매월 주당 3.25센트를 배분할 예정이며, 지급일은 2025년 1월 31일, 2월 28일, 3월 31일로 예정되어 있습니다. 이사회는 이러한 배당금이 펀드의 순이익 및 실현된 자본이익을 초과할 수 있으며, 이로 인해 투자자에게 자본 반환이 발생할 가능성이 있다고 언급했습니다. 정확한 세금 관련 사항은 세금 신고 목적을 위해 주주에게 제공될 1099-DIV 양식에 자세히 설명될 것입니다.
Le DTF Tax-Free Income 2028 Term Fund a annoncé des paiements de dividendes pour le premier trimestre de 2025. Le fonds distribuera 3,25 cents par action chaque mois, avec des paiements prévus pour le 31 janvier, le 28 février et le 31 mars 2025. Le Conseil note que ces dividendes pourraient dépasser le revenu net du fonds et les gains en capital réalisés, entraînant potentiellement un remboursement de capital aux investisseurs. Les implications fiscales exactes seront détaillées dans le formulaire 1099-DIV, qui sera fourni aux actionnaires à des fins de déclaration fiscale.
Der DTF Tax-Free Income 2028 Term Fund hat die Dividendenzahlungen für das erste Quartal 2025 angekündigt. Der Fonds wird monatlich 3,25 Cent pro Aktie ausschütten, wobei Zahlungen für den 31. Januar, den 28. Februar und den 31. März 2025 geplant sind. Der Vorstand weist darauf hin, dass diese Dividenden das Nettogewinn des Fonds und die realisierten Kapitalgewinne übersteigen können, was möglicherweise zu einer Rückzahlung von Kapital an die Investoren führt. Die genauen steuerlichen Auswirkungen werden im Formular 1099-DIV detailliert, das den Aktionären zur steuerlichen Berichterstattung zur Verfügung gestellt wird.
- Consistent monthly dividend payments of 3.25 cents per share
- Clear dividend schedule established through Q1 2025
- Dividends likely to exceed Fund's net income and realized capital gains
- Portion of distributions expected to be return of capital rather than true income
Cents Per Share |
Ex-Dividend Date |
Record Date |
Payable Date |
3.25 |
January 15, 2025 |
January 15, 2025 |
January 31, 2025 |
3.25 |
February 18, 2025 |
February 18, 2025 |
February 28, 2025 |
3.25 |
March 17, 2025 |
March 17, 2025 |
March 31, 2025 |
The Fund estimates that the above dividends are likely to exceed the Fund’s net income and net realized capital gains; therefore, a portion of these dividends is likely to result in a return of capital. A return of capital may occur, for example, when some or all of the money that you invested is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
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 dpimc.com/dtf or call (800) 864-0629.
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
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Clayton J. Minor or Timothy P. Riordan, (833) 604-3163
Source: DTF Tax-Free Income 2028 Term Fund Inc.
FAQ
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When are DTF's Q1 2025 dividend payment dates?
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