CHICAGO, Dec. 16, 2021 /PRNewswire/ -- The Board of
Directors of DTF Tax-Free Income Inc. (NYSE: DTF) (the
"Fund"), a closed-end fund advised by Duff & Phelps Investment
Management Co., today authorized the payment of dividends on the
Fund's common stock as follows:
|
Cents Per
Share
|
Ex-Dividend
Date
|
Record
Date
|
Payable
Date
|
|
3.25
|
January 14,
2022
|
January 18,
2022
|
January 31,
2022
|
|
3.25
|
February 14,
2022
|
February 15,
2022
|
February 28,
2022
|
|
3.25
|
March 14,
2022
|
March 15,
2022
|
March 31,
2022
|
As previously announced, at the annual meeting of shareholders
on February 26, 2021, shareholders
approved amendments to the Fund's charter that establish a limited
term of existence for the Fund and will cause the Fund to cease to
exist on March 1, 2028, or such earlier date as may be
determined by the Fund's 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. In
keeping with the amendment to the Fund's charter adding a 2028
termination date for the Fund's existence, in December 2021 the Board approved a change in name
for the Fund. Effective January 3,
2022, the Fund will be known as DTF Tax-Free Income 2028
Term Fund Inc.
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.