Welcome to our dedicated page for DTF Tax-Free Income 2028 Term Fund news (Ticker: DTF), a resource for investors and traders seeking the latest updates and insights on DTF Tax-Free Income 2028 Term Fund stock.
DTF Tax-Free Income 2028 Term Fund Inc. reports recurring dividend declarations for its common stock as a diversified closed-end management investment company. The fund seeks current income exempt from regular federal income tax, consistent with preservation of capital, by investing primarily in a diversified portfolio of investment-grade tax-exempt obligations.
News items for DTF center on board-authorized distributions, ex-dividend, record and payable dates, and related tax-reporting language for fund distributions. The fund is advised by Duff & Phelps Investment Management Co.
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The Board of Directors of DTF Tax-Free Income 2028 Term Fund (NYSE: DTF) announced amendments to its monthly distribution policy, now allowing returns of capital alongside net investment income. The monthly dividend will remain at $0.0325 per share, aimed at providing stability in a challenging market. Additionally, the Fund's performance benchmark will change to the Bloomberg 5-Year Municipal Bond Index to better reflect the portfolio's maturity. The Board believes these measures will enhance shareholder value, especially considering the high-grade municipal bond market's constraints.
The DTF Tax-Free Income 2028 Term Fund has announced dividends of 3.25 cents per share for three consecutive months—January, February, and March 2023. The ex-dividend dates are January 13, February 14, and March 14, while the record dates are January 17, February 15, and March 15. Payments are scheduled for January 31, February 28, and March 31. The Fund, managed by Duff & Phelps Investment Management Co., aims to provide current income exempt from regular federal income tax while preserving capital.
The Board of Directors of DTF Tax-Free Income 2028 Term Fund has authorized quarterly dividends of 3.25 cents per share. These dividends are scheduled for payment on the following dates: October 31, 2022, November 30, 2022, and December 30, 2022. The ex-dividend dates are set for October 14, November 14, and December 14, 2022, with the record dates on October 17, November 15, and December 15, 2022. The Fund aims to provide current income exempt from federal taxes by investing in a diversified portfolio of investment-grade tax-exempt obligations.
DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) has announced the appointment of Ronald H. Schwartz and Dusty L. Self as new portfolio managers, effective July 1, 2022. They will take over from Lisa H. Leonard, who is retiring on June 30, 2022. Schwartz and Self each bring over 30 years of experience in investment-grade municipal strategies. The Fund, advised by Duff & Phelps Investment Management Co., aims to generate current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations.