DTF Tax-Free Income Inc. Announces Dividends on the Fund's Common Stock, Payable Dates of October 29, 2021, November 30, 2021 and December 31, 2021
September 20, 2021 at 08:01 pm EDT
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DTF Tax-Free Income Inc. authorized the payment of dividends on the Fund's common stock of 3.25 Cents Per Share with Ex-Dividend Date of October 14, 2021, November 12, 2021 and December 14, 2021. Record Date of October 15, 2021, November 15, 2021 and December 15, 2021. Payable Date of October 29, 2021, November 30, 2021 and December 31, 2021. The $0.0325 per share dividend represents a decrease of $0.0075 per share from the Fund's previous $0.04 per share monthly distribution.
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.