DTF Tax-Free Income 2028 Term Fund Inc. announced that Lisa H. Leonard has been appointed by the Fund's Board of Directors as Chief Investment Officer, effective June 1, 2022. Ms. Leonard will succeed Timothy M. Heaney, Chief Investment Officer and Vice President of the Fund since 2004, who will retire from his position effective May 31, 2022. Ms. Leonard, who has been a Vice President of the Fund since 2006 and a member of its portfolio management team since 1998, has worked in the investment industry for more than 35 years.

She has been a Managing Director at the Investment Adviser since 2014, having previously served as Vice President (2006-2014) and Assistant Vice President (1998-2006). Ms. Leonard has been with the Virtus organization and predecessor firms since 1987.