DTF Tax-Free Income Inc. Announces Special Distribution

Rhea-AI Summary

DTF Tax-Free Income Inc. (NYSE: DTF) announced a special taxable distribution of $0.000160 per share to be paid on January 11, 2021. Shareholders of record on December 31, 2020 will receive this distribution, with the ex-dividend date set for December 30, 2020. The fund primarily invests in a diversified portfolio of investment-grade tax-exempt obligations to provide current income exempt from federal income tax.

Virtus Investment Partners (NASDAQ: VRTS), the parent company, manages assets worth $116.5 billion as of September 30, 2020.

Positive

• Special taxable distribution of $0.000160 per share enhances shareholder returns.
• Fund aims for current income exempt from federal income tax, benefiting investors.
• Managed by Virtus Investment Partners, which oversees $116.5 billion in assets.

Negative

• None.

CHICAGO, Dec. 17, 2020 /PRNewswire/ -- DTF Tax-Free Income Inc. (NYSE: DTF) (the "Fund") is announcing today a special taxable distribution of $0.000160 per share, payable on January 11, 2021 to its common shareholders of record on December 31, 2020. The breakdown of the distribution on a per-share basis is as follows:

Description	Amount	Ex-Dividend Date	Record Date	Payable Date
Long-term capital gains	$0.000160
Total Distribution	$0.000160	12/30/2020	12/31/2020	1/11/2021

For questions regarding taxable distributions, please consult your tax adviser.

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 special distribution announced by DTF Tax-Free Income Inc.?

DTF announced a special taxable distribution of $0.000160 per share.

When is the payable date for DTF's special distribution?

The payable date is January 11, 2021.

What is the record date for DTF's special distribution?

The record date is December 31, 2020.

What is the ex-dividend date for DTF's special distribution?

The ex-dividend date is December 30, 2020.

How much does Virtus Investment Partners manage?

Virtus Investment Partners manages $116.5 billion as of September 30, 2020.