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 (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.

Positive

• Dividends of 3.25 cents per share authorized for three consecutive months.
• Focus on providing tax-exempt income supports investor attractiveness.
• Managed by experienced Duff & Phelps Investment Management.

Negative

• None.

CHICAGO, March 7, 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	April 14, 2022	April 18, 2022	April 29, 2022
3.25	May 13, 2022	May 16, 2022	May 31, 2022
3.25	June 14, 2022	June 15, 2022	June 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 is a subsidiary of Virtus Investment Partners (NASDAQ: VRTS), a multi-boutique asset manager with $187.2 billion under management as of December 31, 2021.

Virtus provides investment management products and services to individuals and institutions through a multi-manager asset management business, comprising a number of individual affiliated managers, each with a distinct investment style, autonomous investment process and individual brand.  Additional information can be found at www.virtus.com.

Source:           DTF Tax-Free Income 2028 Term Fund Inc.

 

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SOURCE DTF Tax-Free Income 2028 Term Fund Inc.

FAQ

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

The dividend amount is 3.25 cents per share.

When is the ex-dividend date for DTF Tax-Free Income 2028 Term Fund?

The ex-dividend dates are April 14, May 13, and June 14, 2022.

What are the record dates for the DTF dividends?

The record dates are April 18, May 16, and June 15, 2022.

When will the dividends be payable for DTF Tax-Free Income 2028 Term Fund?

The dividends will be payable on April 29, May 31, and June 30, 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.