DTF Tax-Free Income 2028 Term Fund Inc. Announces Dividends on Common Stock, Payable on April 30, 2024, May 31, 2024 and June 28, 2024 respectively
March 15, 2024 at 05:02 pm
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The Board of Directors of DTF Tax-Free Income 2028 Term Fund Inc. authorized the payment of dividends on the Fund's common stock of 3.25 cents per share with ex-dividend dates of April 12, 2024, May 14, 2024 and June 17, 2024. Record dates of April 15, 2024, May 15, 2024 and June 17, 2024. Payable dates of April 30, 2024, May 31, 2024 and June 28, 2024 respectively.
DTF Tax-Free Income 2028 Term Fund Inc. (the Fund) is a closed-end diversified investment management company. The Fund's investment objective is current income exempt from regular federal income tax consistent with the preservation of capital. The Fund may not invest more than 25% of its total assets (taken at market value at the time of each investment) in the securities of issuers in a single industry; provided that, for purposes of this restriction, tax-exempt securities of issuers that are states, municipalities or their political subdivisions are not considered to be the securities of issuers in any single industry. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations. The Fund invests across sectors, such as special tax, education, healthcare, leasing and transportation. Duff & Phelps Investment Management Co. serves as an investment fund adviser.