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

Rhea-AI Summary

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.

Positive

• Authorized dividends of 3.25 cents per share, indicating income for shareholders.
• Clear commitment to preserving capital while providing tax-exempt income.

Negative

• None.

CHICAGO, June 9, 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	July 14, 2022	July 15, 2022	July 29, 2022
3.25	August 12, 2022	August 15, 2022	August 31, 2022
3.25	September 14, 2022	September 15, 2022	September 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 $183.3 billion under management as of March 31, 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-301565226.html

SOURCE DTF Tax-Free Income 2028 Term Fund Inc.

FAQ

What is the dividend amount for DTF Tax-Free Income 2028 Term Fund Inc. for July 2022?

The dividend amount is 3.25 cents per share.

When is the ex-dividend date for the August 2022 dividend?

The ex-dividend date for the August dividend is August 12, 2022.

What is the payment date for the September 2022 dividend of DTF?

The payment date for the September 2022 dividend is September 30, 2022.

How often does DTF Tax-Free Income 2028 Term Fund Inc. distribute dividends?

DTF Tax-Free Income 2028 Term Fund Inc. typically distributes dividends on a quarterly basis.

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

The investment objective is to provide current income exempt from regular federal income tax while preserving capital.