DTF Tax-Free Income 2028 Term Fund Inc. Announces Retirement of Co-Portfolio Manager | Illinois

CHICAGO–(BUSINESS WIRE)–May 2, 2023–

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 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 has been co-portfolio managing the Fund, since June 30, 2020, and she has over 30 years’ experience in investment grade municipal strategies. She spent 12 years working as a portfolio manager alongside Mr. Schwartz. She is a “dual hatted” employee of Duff & Phelps Investment Management Co. and Seix Investment Advisors 1, 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, “Dusty’s extensive track record as a manager of investment grade municipal securities will continue to benefit the Fund’s shareholders. On behalf of management and the Board, I want to thank Ron for his service with the Fund and wish him well in his retirement.”

What is the Fund?

DTF 2028 Tax-Free Income Term Fund, Inc. is a closed-end diversified investment management company with a goal of current income that is exempt from federal income tax while maintaining capital. The Fund aims to meet its investment goal by investing in an investment-grade portfolio of tax-exempt obligations. For more information visit www.dpimc.com/dtf, or call (800).338-8214.

What is an Investment Adviser?

Duff & Phelps Investment Management Co., an affiliated manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm aims to enhance client outcomes by providing customized solutions and active portfolio management, using a process that includes values such as quality, reliability and specialization. Investment strategies include U.S.-listed real estate, listed global infrastructure, energy infrastructures, water and clean energy.

Source: DTF Tax Free Income 2028 Term fund Inc.

1 Seix Investment Advisors are a division under Virtus Fixed Income Advisers LLC

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Minor or Timothy P. Riordan, (833) 604-3163 Minor or Timothy P. Riordan at (833) 604.3163

KEYWORD ILLINOIS UNITED NATIONS NORTH AMERICA

INDUSTRY KEYWORDS : ASSET MANAGEMENT FINANCE PROFESSIONAL FINANCE SERVICES

SOURCE: DTF Term Fund Inc. Tax-Free Income Fund 2028

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PUB: 04/02/2023 04/15 PM/DISC 05/02/2023 05/16 PM

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