DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF) Director Mark G. Kahrer Purchases 1,000 Shares

Key Points

• Director Mark G. Kahrer of DTF Tax-Free Income 2028 Term Fund Inc. purchased 1,000 shares at an average price of $11.35, totaling $11,350.
• The fund announced a dividend of $0.0325 per share, set to be paid on August 29th, providing a significant yield of 346.0%.
• Institutional investors hold 43.81% of the company's stock, with Beverly Hills Private Wealth LLC increasing its stake by 146.6% in the last quarter.

DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - ) Director Mark G. Kahrer bought 1,000 shares of DTF Tax-Free Income 2028 Term Fund stock in a transaction dated Friday, August 15th. The shares were purchased at an average cost of $11.35 per share, for a total transaction of $11,350.00. Following the completion of the transaction, the director owned 1,000 shares of the company's stock, valued at approximately $11,350. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

DTF Tax-Free Income 2028 Term Fund Stock Up 0.1%

Shares of NYSE:DTF traded up $0.01 on Monday, reaching $11.28. 182 shares of the company's stock were exchanged, compared to its average volume of 8,025. DTF Tax-Free Income 2028 Term Fund Inc. has a fifty-two week low of $10.83 and a fifty-two week high of $11.45. The business's 50-day moving average is $11.23 and its two-hundred day moving average is $11.23.

DTF Tax-Free Income 2028 Term Fund Announces Dividend

The business also recently announced a dividend, which will be paid on Friday, August 29th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.0325 per share. The ex-dividend date of this dividend is Friday, August 15th. This represents a yield of 346.0%.

Hedge Funds Weigh In On DTF Tax-Free Income 2028 Term Fund

Large investors have recently made changes to their positions in the business. Beverly Hills Private Wealth LLC raised its position in shares of DTF Tax-Free Income 2028 Term Fund by 146.6% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 248,947 shares of the investment management company's stock valued at $2,792,000 after purchasing an additional 148,014 shares during the period. Financial Gravity Asset Management Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the 1st quarter valued at $36,000. Hara Capital LLC boosted its stake in shares of DTF Tax-Free Income 2028 Term Fund by 0.7% in the 1st quarter. Hara Capital LLC now owns 247,965 shares of the investment management company's stock valued at $2,780,000 after purchasing an additional 1,800 shares during the last quarter. Nuveen LLC bought a new position in DTF Tax-Free Income 2028 Term Fund during the first quarter worth about $180,000. Finally, Sit Investment Associates Inc. raised its holdings in shares of DTF Tax-Free Income 2028 Term Fund by 47.0% during the first quarter. Sit Investment Associates Inc. now owns 910,488 shares of the investment management company's stock worth $10,207,000 after acquiring an additional 291,117 shares during the period. Institutional investors own 43.81% of the company's stock.

About DTF Tax-Free Income 2028 Term Fund

DTF Tax-Free Income 2028 Term Fund Inc is a closed-ended fixed income mutual fund launched by Virtus Investment Partners, Inc The fund is managed by Duff & Phelps Investment Management Co It invests primarily in a diversified portfolio of investment grade tax-exempt utility obligations. The fund invests in various sectors, such as water and sewer, electric utilities, prerefunded utilities, pollution control, and nonutilities.

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