DTF Tax-Free Income Inc. Announces Dividends

Rhea-AI Summary

On December 17, 2020, DTF Tax-Free Income Inc. (NYSE: DTF) announced a series of dividend payments for its common stock. The dividends are set at 4.0 cents per share with the following key dates: Ex-Dividend Dates on January 14, February 12, and March 12, 2021; Record Dates on January 15, February 16, and March 15, 2021; and Payable Dates on January 29, February 26, and March 31, 2021. The fund aims to provide current income exempt from federal income tax while preserving capital through investments in a diversified portfolio of investment-grade tax-exempt obligations.

Positive

• Declared dividends of 4.0 cents per share, signaling income for shareholders.
• Maintains a focus on tax-exempt income, appealing to investors seeking tax efficiency.

Negative

• None.

CHICAGO, Dec. 17, 2020 /PRNewswire/ -- On December 17, 2020, 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., 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	January 14, 2021	January 15, 2021	January 29, 2021
4.0	February 12, 2021	February 16, 2021	February 26, 2021
4.0	March 12, 2021	March 15, 2021	March 31, 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 $116.5 billion under management as of September 30, 2020.  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.

What are the key dates for DTF's dividends?

The Ex-Dividend Dates are January 14, February 12, and March 12, 2021. The Record Dates are January 15, February 16, and March 15, 2021. The Payable Dates are January 29, February 26, and March 31, 2021.

How does DTF Tax-Free Income Inc. generate income for shareholders?

DTF Tax-Free Income Inc. generates income by investing in a diversified portfolio of investment-grade tax-exempt obligations.

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

The sustainability of DTF's dividends depends on the performance of its tax-exempt investments, which focus on preserving capital while generating income.