DTF Tax-Free Income 2028 Term Fund Inc. Announces Dividends

Rhea-AI Summary

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.

Positive

• Dividends of 3.25 cents per share authorized for the next three months.
• Scheduled payment dates enhance income for shareholders.

Negative

• None.

CHICAGO, Dec. 15, 2022 /PRNewswire/ -- The Board of Directors of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) (the "Fund"), a closed-end fund advised by Duff & Phelps Investment Management Co., today authorized the payment of dividends on the Fund's common stock as follows:

Cents Per Share	Ex-Dividend Date	Record Date	Payable Date
3.25	January 13, 2023	January 17, 2023	January 31, 2023
3.25	February 14, 2023	February 15, 2023	February 28, 2023
3.25	March 14, 2023	March 15, 2023	March 31, 2023

About the Fund

DTF Tax-Free Income 2028 Term Fund Inc. is a closed-end diversified 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. has more than 40 years of experience managing investment portfolios, including institutional separate accounts and open- and closed-end funds investing in utilities, infrastructure and real estate investment trusts (REITs).  For more information, visit www.dpimc.com.

Duff & Phelps Investment Management Co. is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS) ("Virtus"), a distinctive partnership of boutique investment managers with $145 billion under management as of September 30, 2022. Virtus provides investment management products and services to individuals and institutions through affiliated managers and select subadvisers, each with a distinct investment style, autonomous investment process and individual brand. Additional information can be found at www.virtus.com.

View original content:https://www.prnewswire.com/news-releases/dtf-tax-free-income-2028-term-fund-inc-announces-dividends-301704691.html

SOURCE DTF Tax-Free Income 2028 Term Fund Inc.

FAQ

What is the dividend amount for DTF Tax-Free Income 2028 Term Fund?

The dividend amount is 3.25 cents per share.

When will the DTF Tax-Free Income Fund dividends be paid?

Dividends will be paid on January 31, February 28, and March 31, 2023.

What are the ex-dividend dates for DTF Tax-Free Income Fund?

The ex-dividend dates are January 13, February 14, and March 14, 2023.

What is the investment objective of DTF Tax-Free Income Fund?

The Fund aims to provide current income exempt from regular federal income tax while preserving capital.