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’s investment objective is to reach its 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 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 strives to offer specialty investment strategies which enhance client outcomes. This is done through active portfolio and customized solutions. 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, LLC is a division within Virtus Fixed Income Advisers.
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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: PROFESSIONAL SERVICES FINANCE ASSET MANAGEMENT
SOURCE : DTF Tax Free Income 2028 Term Fund Inc.
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PUB: 04/02/2023 04/15 PM/DISC 05/02/2023 05/02/2023 05/16 PM
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