DTF Tax-Free Income 2028 Term Fund Inc. Announces Dividends
DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) announces dividends on common stock with a return of capital component. The dividends exceed net income and capital gains, potentially resulting in a return of capital. Investors should be aware of the tax implications and report distributions accurately.
03/15/2024 - 05:02 PM
CHICAGO --(BUSINESS WIRE)--
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 12, 2024
April 15, 2024
April 30, 2024
3.25
May 14, 2024
May 15, 2024
May 31, 2024
3.25
June 17, 2024
June 17, 2024
June 28, 2024
The Fund estimates that the above dividends are likely to exceed the Fund’s net income and net realized capital gains; therefore, a portion of these dividends is likely to result in a return of capital. A return of capital may occur, for example, when some or all of the money that you invested is paid back to you. A return of capital distribution does not necessarily reflect the Fund’s investment performance and should not be confused with “yield” or “income.” The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
About the Fund
DTF Tax-Free Income 2028 Term Fund Inc. is a diversified closed-end 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 dpimc.com/dtf or call (800) 338-8214.
About the Investment Adviser
Duff & Phelps Investment Management Co. , an affiliated manager of Virtus Investment Partners, Inc. , began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy.
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Clayton J. Minor or Timothy P. Riordan, (833) 604-3163
Source: DTF Tax-Free Income 2028 Term Fund Inc.
The ticker symbol for DTF Tax-Free Income 2028 Term Fund Inc. is DTF.
The dividend payments authorized by DTF Tax-Free Income 2028 Term Fund Inc. are on April 30, 2024, May 31, 2024, and June 28, 2024.
The Ex-Dividend Dates for the dividend payments by DTF Tax-Free Income 2028 Term Fund Inc. are April 12, 2024, May 14, 2024, and June 17, 2024.
The Record Dates for the dividend payments by DTF Tax-Free Income 2028 Term Fund Inc. are April 15, 2024, May 15, 2024, and June 17, 2024.
The Payable Dates for the dividend payments by DTF Tax-Free Income 2028 Term Fund Inc. are April 30, 2024, May 31, 2024, and June 28, 2024.
The dividend payments by DTF Tax-Free Income 2028 Term Fund Inc. may include a return of capital component.
Investors should be aware that the dividends may exceed net income and capital gains, potentially resulting in a return of capital.
Investors should accurately report the distributions from DTF Tax-Free Income 2028 Term Fund Inc. for federal income tax purposes based on the information provided in Form 1099-DIV.
