CHICAGO, Jan. 3, 2022 /PRNewswire/ -- Effective at
12:01 a.m. Eastern Time on this date,
the Fund formerly known as DTF Tax-Free Income Inc. has changed its
name to DTF Tax-Free Income 2028 Term Fund Inc.
The Fund's name change does not affect the Fund's ticker symbol
(NYSE: DTF) or the CUSIP numbers assigned to the Fund's
securities.
The name change was approved by the Fund's Board of Directors in
December 2021 to reflect the limited
term of existence of the Fund resulting from the charter amendments
that were approved at the annual meeting of shareholders on
February 26, 2021. The charter
amendments will cause the Fund to cease to exist
on March 1, 2028, or such earlier date as may be
determined by the Board. Under the charter amendments, the
Board is also authorized to extend the term of the Fund to have a
perpetual existence once again, subject to the Fund having
conducted a tender offer meeting certain conditions.
About the Fund
DTF Tax-Free Income Inc. is a closed-end diversified investment
management company whose investment objective is current income
exempt from regular federal income tax consistent with preservation
of capital. The Fund seeks to achieve its investment
objective by investing in a diversified portfolio of
investment-grade tax-exempt obligations. For more
information, visit www.dpimc.com/dtf or call (800) 338-8214.
About the Investment Adviser
Duff & Phelps Investment Management Co. has more than 40
years of experience managing investment portfolios, including
institutional separate accounts and open- and closed-end funds
investing in utilities, infrastructure and real estate investment
trusts (REITs). For more information, visit
www.dpimc.com.
Duff & Phelps is a subsidiary of Virtus Investment Partners
(NASDAQ: VRTS), a multi-boutique asset manager with $177.3 billion under management as of
September 30, 2021.
Virtus provides investment management products and services to
individuals and institutions through a multi-manager asset
management business, comprising a number of individual affiliated
managers, each with a distinct investment style, autonomous
investment process and individual brand. Additional
information can be found at www.virtus.com.
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SOURCE DTF Tax-Free Income Inc.