DTF Tx-Free Incm 2028 Trm Fd

The Fund announced several steps intended to enhance the value of the fund in the current market environment.

The Board approved an amendment to the Fund’s monthly distribution policy to allow the Fund’s monthly distribution to include return of capital as well as net investment income. The Fund’s policy of making annual distributions of capital gains is unaffected by this change. The Board also voted to maintain the current dividend at $0.0325 per share, a portion of which is expected to be a return of capital. By maintaining the dividend during the current environment of relatively limited opportunities to earn investment income, the Board considered the potential benefits of maintaining a stable distribution amidst the challenges faced in the high-grade municipal bond market.

2023-03-15T00:00:00-04:00March 15th, 2023|

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