The Board of Directors of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF), a closed-end fund managed by Duff & Phelps Investment Management Co., has approved the payment of dividends on the Fund’s common stock as outlined below:
- 3.25 Cents Per Share
- Ex-Dividend Date: April 12, 2024
- Record Date: April 15, 2024
- Payable Date: April 30, 2024
- 3.25 Cents Per Share
- Ex-Dividend Date: May 14, 2024
- Record Date: May 15, 2024
- Payable Date: May 31, 2024
- 3.25 Cents Per Share
- Ex-Dividend Date: June 17, 2024
- Record Date: June 17, 2024
- Payable Date: June 28, 2024
It’s anticipated that the above dividends may exceed the Fund’s net income and net realized capital gains, potentially resulting in a return of capital. This could occur when a portion or all of the invested money is returned to shareholders. A return of capital distribution doesn’t necessarily indicate the Fund’s investment performance and should not be confused with yield or income. The actual amounts and sources for tax reporting purposes will depend on the Fund’s investment experience during the remainder of the fiscal year, subject to potential changes based on tax regulations. Shareholders will receive a Form 1099-DIV from the Fund or their broker for the calendar year, providing instructions for reporting 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 with the objective of providing current income exempt from regular federal income tax while preserving capital. The Fund pursues this objective by investing in a diversified portfolio of investment-grade tax-exempt obligations. For more details, 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., has been managing assets since 1979. The firm aims to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, focusing on quality, reliability, and specialization. Investment strategies include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy.
