Almitas Capital LLC (DTF) reports 355,089 shares, 5.1% stake

Rhea-AI Filing Summary

DTF TAX-FREE INCOME 2028 TERM FUND INC reports that Almitas Capital LLC beneficially owns 355,089 shares of Common Stock (CUSIP 23334J107), representing 5.1% of the class. The filing states Almitas has sole voting and sole dispositive power over those 355,089 shares. The Schedule 13G is signed by Ronald Mass as Managing Principal on 05/15/2026.

Insights

Institutional Ownership Analyst

Large shareholder disclosure: Almitas reports a 5.1% stake with full voting and dispositive control.

The filing lists 355,089 shares beneficially owned and shows sole voting and dispositive power for Almitas Capital LLC, providing clear ownership and authority figures for registry purposes. This identifies Almitas as a substantial holder under beneficial ownership thresholds.

Cash‑flow treatment and intentions (e.g., passive vs. active investment) are not stated in the excerpt; subsequent filings or proxy materials would show any plan to vote, nominate directors, or transact.

Compliance & Filing Specialist

The Schedule 13G discloses required beneficial ownership details and signer attribution.

The form includes issuer name and address, filer name and address, CUSIP 23334J107, and a signature dated 05/15/2026. It records ownership percentages and powers consistent with passive investor disclosure formatting.

For definitive intent or changes in holdings, monitor future amendments or Forms 13D/13G that state acquisition purpose or material plans.

Key Figures

Beneficial ownership: 355,089 shares Percent of class: 5.1% Sole voting power: 355,089 shares +3 more

6 metrics

Beneficial ownership 355,089 shares Beneficially owned reported in Schedule 13G

Percent of class 5.1% Percent of class reported in Item 4

Sole voting power 355,089 shares Sole power to vote as reported in Item 4(i)

Sole dispositive power 355,089 shares Sole power to dispose as reported in Item 4(iii)

CUSIP 23334J107 Security identifier listed in Item 2(d)

Signature date 05/15/2026 Signature date for the Schedule 13G filing

Key Terms

Schedule 13G, Beneficially owned, Sole Dispositive Power

3 terms

Schedule 13G regulatory

"Item 1(a) and heading identifying the filing type"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Beneficially owned financial

"Item 4(a) "Amount beneficially owned: 355,089""

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

Sole Dispositive Power regulatory

"Item 4(iii) "Sole power to dispose or to direct the disposition of: 355,089""

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/15/2026 - 09:59 PM Learn about SEC filing dates

FAQ

What stake does Almitas Capital LLC report in DTF (CUSIP 23334J107)?

Almitas Capital LLC reports 355,089 shares, equal to 5.1% of the common stock. The filing labels these shares as beneficially owned by Almitas with sole voting and dispositive power.

Does the Schedule 13G indicate who signed for Almitas Capital LLC?

Yes. The Schedule 13G is signed by Ronald Mass, listed as Managing Principal, with a signature date of 05/15/2026. The filing shows the filer address as Santa Monica, CA.

What specific powers over the shares does Almitas report?

Almitas reports sole power to vote and sole power to dispose of all 355,089 shares, with zero shared voting or dispositive power recorded in the filing.

Is Almitas identified as an active or passive investor in this filing?

The Schedule 13G excerpt lists ownership and powers but does not state investment intent. It discloses ownership only; the filing does not specify whether the position is passive or for active control.

Where is DTF TAX-FREE INCOME 2028 TERM FUND INC's principal office listed?

The filing lists the issuer's principal executive offices at 101 Munson Street, Greenfield, Massachusetts, 01301 in the issuer identification section.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

DTF TAX-FREE INCOME 2028 TERM FUND INC

(Name of Issuer)

Common Stock

(Title of Class of Securities)

23334J107

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 23334J107

1

Names of Reporting Persons

Almitas Capital LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 355,089.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 355,089.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

355,089.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.1 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: DTF TAX-FREE INCOME 2028 TERM FUND INC
(b)	Address of issuer's principal executive offices: 101 MUNSON STREET, GREENFIELD, MASSACHUSETTS, 01301.
Item 2.
(a)	Name of person filing: Almitas Capital LLC
(b)	Address or principal business office or, if none, residence: 1460 4th Street, Suite 300 Santa Monica, CA 90401
(c)	Citizenship: Delaware
(d)	Title of class of securities: Common Stock
(e)	CUSIP Number(s): 23334J107
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 355,089
(b)	Percent of class: 5.1%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 355,089
	(ii) Shared power to vote or to direct the vote: 0
	(iii) Sole power to dispose or to direct the disposition of: 355,089
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Almitas Capital LLC

Signature:	Ronald Mass
Name/Title:	Managing Principal
Date:	05/15/2026