Almitas Capital LLC Buys New Holdings in DTF Tax-Free Income 2028 Term Fund Inc. $DTF

Key Points

• Almitas Capital LLC acquired 355,089 shares of DTF Tax-Free Income 2028 Term Fund in the second quarter, valued at approximately $4.1 million. The position represents about 1% of Almitas Capital’s portfolio and 5.05% of DTF’s outstanding shares.
• Other institutional investors also initiated positions, contributing to institutional and hedge-fund ownership of 43.81% of DTF.
• DTF recently declared a $0.0325 monthly dividend, implying a 3.4% annualized yield. Shares opened at $11.54, near the upper end of their 12-month range, while the fund remains scheduled to liquidate in August 2028.

Almitas Capital LLC purchased a new position in shares of DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 355,089 shares of the investment management company's stock, valued at approximately $4,101,000. DTF Tax-Free Income 2028 Term Fund comprises about 1.0% of Almitas Capital LLC's portfolio, making the stock its 29th biggest position. Almitas Capital LLC owned about 5.05% of DTF Tax-Free Income 2028 Term Fund at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of DTF. Raymond James Financial Inc. acquired a new stake in shares of DTF Tax-Free Income 2028 Term Fund in the second quarter valued at about $69,000. Garner Asset Management Corp acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the fourth quarter valued at approximately $70,000. Sanctuary Advisors LLC acquired a new stake in DTF Tax-Free Income 2028 Term Fund in the second quarter valued at approximately $116,000. Closed End Fund Advisors Inc. purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the fourth quarter valued at approximately $165,000. Finally, Focus Partners Wealth purchased a new stake in shares of DTF Tax-Free Income 2028 Term Fund during the first quarter valued at approximately $190,000. 43.81% of the stock is owned by institutional investors and hedge funds.

DTF Tax-Free Income 2028 Term Fund Stock Down 0.3%

DTF opened at $11.54 on Friday. DTF Tax-Free Income 2028 Term Fund Inc. has a twelve month low of $11.21 and a twelve month high of $11.60. The company has a fifty day simple moving average of $11.51 and a 200 day simple moving average of $11.48.

DTF Tax-Free Income 2028 Term Fund Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 15th will be paid a $0.0325 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 15th.

DTF Tax-Free Income 2028 Term Fund Profile

DTF Tax-Free Income 2028 Term Fund NYSE: DTF is a closed-end management investment company that seeks to provide shareholders with tax-exempt current income and return of capital on a specified termination date in 2028. The fund pursues its investment objective primarily by investing in a diversified portfolio of municipal securities issued by state and local governmental entities across the United States. Its portfolio typically focuses on investment-grade obligations, though it may allocate assets across different maturities to manage income generation and portfolio duration.

The fund is structured to liquidate its holdings and return net assets to shareholders upon reaching its scheduled termination date in August 2028.

Want to see what other hedge funds are holding DTF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for DTF Tax-Free Income 2028 Term Fund Inc. (NYSE:DTF - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source