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.”
The Fund
DTF Tax Free Income 2028 Term fund Inc. is an investment management firm that is closed-end and diversified. Its investment objective is to generate current income free of federal income taxes while preserving capital. The Fund attempts to meet its investment goal by investing in an investment-grade portfolio of tax-exempt obligations. Visit www.dpimc.com/dtf for more information or call (800 338-8214).
What is an Investment Advisor?
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 renewable 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 Riordan (833) 604-3131 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
Copyright Business Wire, 2023.
PUB: 05/02/2023 4:15 PM/DISC. 05/02/2023 4:16 PM
http://www.businesswire.com/news/home/20230502006094/en
Copyright Business Wire, 2023.