DTF Tax-Free Income Fund Outlines New Dividend Payments

DTF Tax-Free Income 2028 Term Fund Inc. Prepares for Dividends

The Board of Directors of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF), a closed-end fund, has announced dividend payments for its common stock. The decision reflects the Fund's commitment to providing investors with consistent income through expertly managed portfolios of tax-exempt obligations. This news is particularly significant for shareholders eager to assess the Fund’s performance in a fluctuating market.

Details of Upcoming Dividend Payments

The announced dividend payments include 3.25 cents per share for upcoming months, demonstrating a strategic approach to distributing returns to investors. The ex-dividend date, record date, and payable date associated with each dividend are critical for shareholders as they navigate these timelines in their investment planning.

Upcoming Dividend Schedule

Here are the specifics regarding the forthcoming dividends:

• For the dividend of 3.25 cents per share: Ex-Dividend Date: October 15, 2024; Record Date: October 15, 2024; Payable Date: October 31, 2024.
• For the dividend of 3.25 cents per share: Ex-Dividend Date: November 15, 2024; Record Date: November 15, 2024; Payable Date: November 29, 2024.
• For the dividend of 3.25 cents per share: Ex-Dividend Date: December 16, 2024; Record Date: December 16, 2024; Payable Date: December 31, 2024.

Understanding Return of Capital

Investors should be aware that the Fund estimates that the dividends may exceed its net income and net realized capital gains. This means a portion of these dividends may be classified as a return of capital. A return of capital occurs when some of the initial investment amount is returned to investors, which can be a crucial consideration for long-term financial planning.

Tax Reporting Considerations

It is essential for shareholders to stay informed about the implications of these distributions. The actual amounts will depend on the Fund's investment performance throughout the fiscal year and will vary based on tax regulations. Investors will receive a Form 1099-DIV to assist in reporting these distributions appropriately for tax purposes.

About DTF Tax-Free Income 2028 Term Fund Inc.

DTF Tax-Free Income 2028 Term Fund Inc. specializes in producing current income exempt from federal income tax while preserving capital. This closed-end investment management firm prioritizes a diversified approach to its investments by focusing on high-quality tax-exempt obligations. Such a strategy positions the Fund to appeal to investors looking for stability in income.

Investment Strategy and Goals

The Fund’s investment strategy revolves around maintaining a well-rounded portfolio that aligns with its objective of optimal capital preservation while providing income. By investing in investment-grade securities, the Fund aims to deliver reliable returns to its shareholders, thus acting as a safeguard in periods of economic variability.

About Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. serves as the investment adviser for the Fund and has a long-standing history in asset management. Established in 1932, the firm has evolved to provide a suite of specialty investment strategies that enhance client outcomes. The management team employs an active portfolio management style, which is crucial for navigating the complexities of investment markets.

Core Values and Investment Approach

With a commitment to quality, reliability, and specialization, Duff & Phelps Investment Management Co. seeks to deliver tailored solutions for its clients. Their extensive experience in managing assets since 1979 positions them as a trusted partner for investors. The focus on active management allows them to adapt strategies that best meet market conditions, ensuring a responsive approach to investment growth.

Frequently Asked Questions

What is the dividend payment schedule for DTF Tax-Free Income Fund?

The upcoming dividend payments are scheduled for October, November, and December 2024, with a fixed payment of 3.25 cents per share.

What does a return of capital mean for investors?

A return of capital indicates that some of your investment amount is being returned, which can impact future tax reporting.

How will dividends affect my tax reporting?

Your tax implications will depend on the Fund's performance and will be reported to you via a Form 1099-DIV at the end of the fiscal year.

What type of investments does the DTF Fund focus on?

The DTF Fund primarily invests in a diversified portfolio of investment-grade tax-exempt obligations.

Who manages the DTF Tax-Free Income Fund investments?

The Fund is advised by Duff & Phelps Investment Management Co., a firm with extensive experience in asset management and investment strategies.

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