Closed-end management investment company investing in tax-free municipal bonds maturing in 2028.
DTF Tax-Free Income 2028 Term Fund Inc. operates as a closed-ended fixed income mutual fund managed by Duff & Phelps Investment Management Co. and launched by Virtus Investment Partners, Inc. Founded in November 1991 and domiciled in the United States, the fund specializes in investing primarily in a diversified portfolio of investment grade tax-exempt utility obligations. These investments span various sectors including water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities within the U.S. fixed income markets.
Formerly known as DTF Tax-Free Income Inc., the fund adopted its current name to reflect its investment strategy and commitment to providing tax-exempt income opportunities to investors until its termination date in 2028. Managed by experienced professionals at Duff & Phelps Investment Management Co., DTF Tax-Free Income 2028 Term Fund Inc. adheres to a disciplined approach to portfolio management, aiming to optimize returns while managing risks associated with the municipal bond market. This strategic focus underscores its role in delivering stable income streams and capital preservation for its shareholders.
With over three decades of operational history, DTF Tax-Free Income 2028 Term Fund Inc. continues to uphold its reputation as a reliable investment vehicle within the tax-exempt fixed income market. By leveraging its expertise and robust investment framework, the fund remains committed to meeting the financial objectives of its investors while navigating the complexities of the municipal bond sector. As it adapts to market conditions and investor preferences, DTF Tax-Free Income 2028 Term Fund Inc. strives to maintain its status as a trusted partner in providing tax-efficient investment solutions to its discerning clientele.