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.
The Board of Directors of DTF Tax-Free Income 2028 Term Fund has authorized quarterly dividends of 3.25 cents per share. These dividends are scheduled for payment on the following dates: October 31, 2022, November 30, 2022, and December 30, 2022. The ex-dividend dates are set for October 14, November 14, and December 14, 2022, with the record dates on October 17, November 15, and December 15, 2022. The Fund aims to provide current income exempt from federal taxes by investing in a diversified portfolio of investment-grade tax-exempt obligations.
DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) has announced the appointment of Ronald H. Schwartz and Dusty L. Self as new portfolio managers, effective July 1, 2022. They will take over from Lisa H. Leonard, who is retiring on June 30, 2022. Schwartz and Self each bring over 30 years of experience in investment-grade municipal strategies. The Fund, advised by Duff & Phelps Investment Management Co., aims to generate current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations.
On June 9, 2022, DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) announced the authorization of dividends totaling 3.25 cents per share for multiple payment dates. The ex-dividend and record dates are set for July 14, August 12, and September 14, 2022, with payment dates on July 29, August 31, and September 30, 2022. The Fund focuses on providing current income exempt from federal income tax while preserving capital, investing primarily in investment-grade tax-exempt obligations.
The Board of Directors of DTF Tax-Free Income 2028 Term Fund (NYSE: DTF) announced the authorization of dividends for its common stock. Shareholders will receive 3.25 cents per share on specified dates: April 29, May 31, and June 30, 2022. The ex-dividend dates are April 14, May 13, and June 14, 2022, while the record dates are April 18, May 16, and June 15, 2022. The Fund aims to provide current income exempt from federal income tax, focusing on a diversified portfolio of investment-grade tax-exempt obligations.
As of January 3, 2022, the Fund previously known as DTF Tax-Free Income Inc. is now named DTF Tax-Free Income 2028 Term Fund Inc. This change reflects the Fund's limited term of existence, which will conclude on March 1, 2028, unless extended by the Board. The name alteration will not impact the Fund's ticker symbol (NYSE: DTF) or its securities' CUSIP numbers. The Fund aims to provide current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations, managed by Duff & Phelps Investment Management Co., a subsidiary of Virtus Investment Partners.
DTF Tax-Free Income Inc. (NYSE: DTF) announced a special taxable distribution of $0.164537 per share, set to be paid on January 11, 2022. Shareholders of record as of December 30, 2021 will receive this distribution. The breakdown includes $0.164481 from long-term capital gains and $0.000056 from short-term capital gains. The ex-dividend date is December 29, 2021. DTF focuses on providing current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations.
The Board of Directors of DTF Tax-Free Income Inc. (NYSE: DTF) declared dividends of 3.25 cents per share, with payment dates set for January 31, February 28, and March 31, 2022. The ex-dividend dates are January 14, February 14, and March 14 of the same year. Additionally, the Fund will undergo a name change to DTF Tax-Free Income 2028 Term Fund Inc. on January 3, 2022. This change follows shareholder approval for a limited term of existence ending March 1, 2028, though the term may be extended under certain conditions.
The Board of Directors of DTF Tax-Free Income Inc. (NYSE: DTF) has announced a dividend payment of $0.0325 per share, which is a $0.0075 decrease from the previous $0.04 monthly distribution. The dividends will be distributed on the following dates: October 29, 2021, November 30, 2021, and December 31, 2021. This adjustment is made in response to an extended environment of low interest rates affecting the Fund's earnings capacity, particularly impacting its ability to reinvest at competitive rates.
DTF Tax-Free Income Inc. (NYSE: DTF) has announced a dividend payment of 4.0 cents per share for three upcoming periods. The ex-dividend date for the first payment is July 14, 2021, with a record date of July 15, 2021 and a payable date of July 30, 2021. Subsequent dividends will follow on August 13 and September 14, 2021. The Fund aims to provide current income exempt from regular federal income tax through a diversified portfolio of tax-exempt obligations.
On March 8, 2021, DTF Tax-Free Income Inc. (NYSE: DTF) announced the authorization of dividends totaling 4.0 cents per share for three upcoming periods:
- Ex-Dividend Date: April 14, 2021, Payable Date: April 30, 2021
- Ex-Dividend Date: May 14, 2021, Payable Date: May 28, 2021
- Ex-Dividend Date: June 14, 2021, Payable Date: June 30, 2021
This regular dividend distribution emphasizes the fund's commitment to providing income to shareholders while maintaining a diversified portfolio of tax-exempt obligations.
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