DTF Tax-Free Income Inc. Announces Dividends

Rhea-AI Summary

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.

Positive

• Dividend of 4.0 cents per share authorized for multiple periods.
• The fund aims for income exempt from federal income tax, appealing for tax-conscious investors.

Negative

• None.

CHICAGO, June 9, 2021 /PRNewswire/ -- The Board of Directors of DTF Tax-Free Income 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
4.0	July 14, 2021	July 15, 2021	July 30, 2021
4.0	August 13, 2021	August 16, 2021	August 31, 2021
4.0	September 14, 2021	September 15, 2021	September 30, 2021

About the Fund

DTF Tax-Free Income 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 $168.9 billion under management as of March 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.

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SOURCE DTF Tax-Free Income Inc.

FAQ

What is the dividend amount for DTF Tax-Free Income Inc.?

DTF Tax-Free Income Inc. has declared a dividend of 4.0 cents per share.

When is the ex-dividend date for DTF Tax-Free Income Inc.'s dividend?

The ex-dividend date for the first dividend payment is July 14, 2021.

What is the payable date for the dividends of DTF Tax-Free Income Inc.?

The payable date for the first dividend is July 30, 2021.

Is the dividend from DTF Tax-Free Income Inc. tax-exempt?

Yes, the fund aims to provide income that is exempt from regular federal income tax.