DTF Tax-Free Income 2028 Term Fund Inc. Announces Dividend, Payable on April 28, 2023, May 31, 2023 and June 30, 2023
March 15, 2023 at 05:01 pm EDT
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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 $0.0325 per share with ex-dividend date of April 14, 2023, May 12, 2023 and June 14, 2023. Record date of April 17, 2023, May 15, 2023 and June 15, 2023. Payable date of April 28, 2023, May 31, 2023 and June 30, 2023 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.