CHICAGO, June 13,
2022 /PRNewswire/ -- DTF Tax-Free Income 2028 Term
Fund Inc. (NYSE: DTF) (the "Fund"), a closed-end fund advised by
Duff & Phelps Investment Management Co. (the "Investment
Adviser"), today announced that, effective on July 1, 2022, Ronald H.
Schwartz, CFA and Dusty L. Self have been appointed by the
Investment Adviser as portfolio managers of the Fund, and have also
been appointed by the Fund's Board of Directors as Vice Presidents
of the Fund. Mr. Schwartz and Ms. Self will assume the portfolio
management responsibilities of Lisa H.
Leonard, Chief Investment Officer and Vice President of the
Fund, who will retire from her position effective June 30, 2022.
Mr. Schwartz and Ms. Self each have over 30 years of
experience focused on investment grade municipal strategies. Both
investment professionals will be "dual hatted" employees of Duff
& Phelps Investment Management Co. and Seix Investment Advisors
LLC, each of which is a subsidiary and affiliated manager of Virtus
Investment Partners.
David D. Grumhaus, Jr., President
and Chief Executive Officer of the Fund, said, "On behalf of
management and the Board, I want to thank Lisa for her many years
of service and wish her well in her retirement. Although we will
certainly miss Lisa, we are fortunate to have a seasoned, high
caliber successor team in Mr. Schwartz and Ms. Self, with their
decades of experience in the investment grade municipal
market."
About the Fund
DTF Tax-Free Income 2028 Term Fund 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 Investment Management Co. is a subsidiary
of Virtus Investment Partners (NASDAQ: VRTS) ("Virtus"), a
distinctive partnership of boutique investment managers with
$170.9 billion under management as of
April 30, 2022. Virtus provides
investment management products and services to individuals and
institutions through affiliated managers and select subadvisers,
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 2028 Term Fund Inc.