DTF Tax-Free Income 2028 Term Fund Inc. Announces Dividends
The Board of Directors of DTF Tax-Free Income 2028 Term Fund (NYSE: DTF) announced the authorization of dividends for its common stock.
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Rhea-AI Summary
The Board of Directors of DTF Tax-Free Income 2028 Term Fund (NYSE: DTF) announced the authorization of dividends for its common stock. Shareholders will receive 3.25 cents per share on specified dates: April 29, May 31, and June 30, 2022. The ex-dividend dates are April 14, May 13, and June 14, 2022, while the record dates are April 18, May 16, and June 15, 2022. The Fund aims to provide current income exempt from federal income tax, focusing on a diversified portfolio of investment-grade tax-exempt obligations.
Positive
- Dividends of 3.25 cents per share authorized for three consecutive months.
- Focus on providing tax-exempt income supports investor attractiveness.
- Managed by experienced Duff & Phelps Investment Management.
Negative
- None.
Details
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CHICAGO, March 7, 2022 /PRNewswire/ -- 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 14, 2022 | April 18, 2022 | April 29, 2022 |
3.25 | May 13, 2022 | May 16, 2022 | May 31, 2022 |
3.25 | June 14, 2022 | June 15, 2022 | June 30, 2022 |
About the Fund
DTF Tax-Free Income 2028 Term Fund 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
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.
Source: DTF Tax-Free Income 2028 Term Fund Inc.
View original content:https://www.prnewswire.com/news-releases/dtf-tax-free-income-2028-term-fund-inc-announces-dividends-301497149.html
SOURCE DTF Tax-Free Income 2028 Term Fund Inc.
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