DTF Tax-Free Income 2028 Term Fund Inc., a closed-end fund advised by Duff & Phelps Investment Management Co. (the “Investment Adviser”), announced that Dusty L. Self will become the sole portfolio manager of the Fund when co-portfolio manager Ronald H. Schwartz, CFA, retires effective on June 15, 2023. Ms. Self, co-portfolio manager of the Fund since June 30, 2022, has more than 30 years of experience focused on investment grade municipal strategies, including 12 years as a co-portfolio manager with Mr. Schwartz.

She is a “dual hatted” employee of Duff & Phelps Investment Management Co. and Seix Investment Advisors, each of which is a subsidiary and affiliated manager of Virtus Investment Partners.