Welcome to our dedicated page for DTF Tax-Free Income 2028 Term news (Ticker: DTF), a resource for investors and traders seeking the latest updates and insights on DTF Tax-Free Income 2028 Term stock.
News for DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) centers on its activities as a diversified closed-end investment management company focused on current income exempt from regular federal income tax. Public announcements frequently highlight decisions by the Board of Directors regarding dividends on the fund’s common stock, including per-share amounts, ex-dividend dates, record dates, and payable dates.
Many DTF news releases explain that estimated dividends may exceed the fund’s net income and net realized capital gains, meaning a portion of distributions may be classified as return of capital. These notices describe what a return of capital means, clarify that it should not be confused with yield or income, and note that final tax treatment is reported to shareholders on Form 1099-DIV. This makes the fund’s news flow particularly relevant for investors monitoring tax-exempt income and distribution character.
In addition to dividend schedules, DTF has issued news about changes in its portfolio management and investment leadership, such as the appointment of a Chief Investment Officer and additions to the portfolio management team. These updates provide insight into the professionals overseeing the fund’s diversified portfolio of investment-grade tax-exempt obligations and the role of its adviser, Duff & Phelps Investment Management Co.
Investors and analysts following DTF can use this news page to review dividend declarations, distribution-related tax information, and governance or management updates that affect the fund’s operations and oversight.
As of January 3, 2022, the Fund previously known as DTF Tax-Free Income Inc. is now named DTF Tax-Free Income 2028 Term Fund Inc. This change reflects the Fund's limited term of existence, which will conclude on March 1, 2028, unless extended by the Board. The name alteration will not impact the Fund's ticker symbol (NYSE: DTF) or its securities' CUSIP numbers. The Fund aims to provide current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations, managed by Duff & Phelps Investment Management Co., a subsidiary of Virtus Investment Partners.
DTF Tax-Free Income Inc. (NYSE: DTF) announced a special taxable distribution of $0.164537 per share, set to be paid on January 11, 2022. Shareholders of record as of December 30, 2021 will receive this distribution. The breakdown includes $0.164481 from long-term capital gains and $0.000056 from short-term capital gains. The ex-dividend date is December 29, 2021. DTF focuses on providing current income exempt from federal income tax through a diversified portfolio of investment-grade tax-exempt obligations.
The Board of Directors of DTF Tax-Free Income Inc. (NYSE: DTF) declared dividends of 3.25 cents per share, with payment dates set for January 31, February 28, and March 31, 2022. The ex-dividend dates are January 14, February 14, and March 14 of the same year. Additionally, the Fund will undergo a name change to DTF Tax-Free Income 2028 Term Fund Inc. on January 3, 2022. This change follows shareholder approval for a limited term of existence ending March 1, 2028, though the term may be extended under certain conditions.
The Board of Directors of DTF Tax-Free Income Inc. (NYSE: DTF) has announced a dividend payment of $0.0325 per share, which is a $0.0075 decrease from the previous $0.04 monthly distribution. The dividends will be distributed on the following dates: October 29, 2021, November 30, 2021, and December 31, 2021. This adjustment is made in response to an extended environment of low interest rates affecting the Fund's earnings capacity, particularly impacting its ability to reinvest at competitive rates.
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.
On March 8, 2021, DTF Tax-Free Income Inc. (NYSE: DTF) announced the authorization of dividends totaling 4.0 cents per share for three upcoming periods:
- Ex-Dividend Date: April 14, 2021, Payable Date: April 30, 2021
- Ex-Dividend Date: May 14, 2021, Payable Date: May 28, 2021
- Ex-Dividend Date: June 14, 2021, Payable Date: June 30, 2021
This regular dividend distribution emphasizes the fund's commitment to providing income to shareholders while maintaining a diversified portfolio of tax-exempt obligations.
The Board of Directors of DTF Tax-Free Income Inc. announced the results of the annual shareholder meeting held on February 26, 2021. A quorum was achieved with 78.1% of shares represented. Shareholders voted to elect two directors, Eileen A. Moran and Donald C. Burke. Additionally, proposals to amend the Fund's charter were approved, which include plans for corporate dissolution in 2028 unless conditions are met for a tender offer. The Fund aims for investments in tax-exempt obligations, with Virtus Investment Partners managing approximately $132.2 billion in assets.
DTF Tax-Free Income Inc. (NYSE: DTF) announced the final results of its recent issuer tender offer for up to 17.5% of its outstanding shares at 98% of the Fund's net asset value (NAV) as of January 8, 2021. The offer expired on January 7, 2021, with 4,335,961 shares tendered, exceeding the 1,491,119 shares available, resulting in an oversubscription. The proration factor for the offer is 34.39%, with the purchase price set at $15.77 per share. Payment for the tendered shares is expected on January 11, 2021.
DTF Tax-Free Income Inc. announced the preliminary results of its tender offer for 17.5% of its outstanding shares at 98% of the net asset value (NAV) as of January 8, 2021. The offer expired on January 7, 2021, with approximately 4,335,961 shares tendered, exceeding the 1,491,119 shares available, resulting in an oversubscription. Shares will be purchased on a pro rata basis, with payments expected around January 11, 2021. The Fund aims to provide tax-exempt income and is managed by Duff & Phelps Investment Management. Virtus Investment Partners, with $116.5 billion under management, is the parent company.
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.
FAQ
What is the current stock price of DTF Tax-Free Income 2028 Term (DTF)?
What is the market cap of DTF Tax-Free Income 2028 Term (DTF)?
