DTF Tax Free Income 2028 Term Fund : SEC 19(a) Oct 2023
October 31, 2023 at 12:07 pm EDT
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DTF Tax-Free Income 2028 Term Fund Inc. (DTF)
Section 19(a) Distribution Notice
CUSIP:
23334J107
Record Date:
October 16, 2023
Payable Date:
October 31, 2023
Distribution Amount per share:
$
0.0325
The following table sets forth the estimated amounts of the current distribution together with the cumulative distributions paid this fiscal year-to-date (YTD) from the following sources: net investment income, realized capital gains and return of capital. The Fund's fiscal year ends on October 31. All amounts are expressed per share of common stock based on U.S. generally accepted accounting principles, which may differ from federal income tax regulations.
Distribution Estimates
Current Distribution
Fiscal YTD
% of
% of
Per Share
Current
Per Share
Cumulative
Sources
Amount
Distribution
Amount
Distributions
Net Investment Income
$
0.0272
84%
$
0.2547
71%
Net Realized Capital Gains
-
-
-
-
Return of Capital
0.0053
16%
0.1028
29%
Total (per common share)
$
0.0325
100%
$
0.3575
100%
The Fund estimates that it has distributed more than its net income and net realized capital gains; therefore, a portion of your distribution may be a return of capital. A return of capital may occur, for example, when some or all of the money that you invested is paid back to you. A return of capital distribution does not necessarily reflect the Fund's investment performance and should not be confused with "yield" or "income".
The amounts and sources of distributions reported in this notice are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon the Fund's investment experience during the remainder of the fiscal year and may be subject to changes based on tax regulations. The Fund or your broker will send you a Form 1099- DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
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DTF Tax-Free Income Inc. published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 16:05:54 UTC.
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.