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

Rhea-AI Summary

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.

Positive

• Quarterly dividends of 3.25 cents per share enhance shareholder income.
• Dividends are set for multiple upcoming dates, indicating stable cash flow.
• Investment strategy focuses on tax-exempt obligations, appealing to income-seeking investors.

Negative

• None.

CHICAGO, Sept. 22, 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	October 14, 2022	October 17, 2022	October 31, 2022
3.25	November 14, 2022	November 15, 2022	November 30, 2022
3.25	December 14, 2022	December 15, 2022	December 30, 2022

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 $155.4 billion under management as of June 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-301631612.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 DTF Tax-Free Income 2028 Term Fund pay its dividends?

Dividends will be paid on October 31, November 30, and December 30, 2022.

What are the ex-dividend dates for DTF Tax-Free Income 2028 Term Fund?

The ex-dividend dates are October 14, November 14, and December 14, 2022.

When is the record date for DTF Tax-Free Income 2028 Term Fund dividends?

The record dates are October 17, November 15, and December 15, 2022.

What is the investment objective of DTF Tax-Free Income 2028 Term Fund?

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