DTF CEO Grumhaus Buys 1400 Shares at $11.34 on 2025-08-25.

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) has announced that President and Chief Executive Officer David D. Grumhaus Jr. has made a purchase of 1,400 shares at a price of $11.34 per share on August 25, 2025.

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) has announced that President and Chief Executive Officer David D. Grumhaus Jr. has made a purchase of 1,400 shares at a price of $11.34 per share on August 25, 2025. This transaction, reported on Form 4, brings Grumhaus' direct beneficial ownership to 6,652 shares [1].

The purchase is part of a routine insider activity providing transparency about executive holdings. Grumhaus acquired 238.403 shares through a dividend reinvestment plan, adding to his total ownership of 246 plan shares [1]. The transaction is a straightforward open-market purchase, with no derivative activity or joint filings reported. The filing includes all necessary details, such as the transaction date, code, number of shares acquired, price, and post-transaction beneficial ownership [1].

This insider disclosure meets Section 16 reporting requirements, offering investors a clear view of executive holdings. No amendments or additional securities classes were reported, and the filing was signed by Grumhaus himself. From a governance perspective, this is a routine, compliant insider disclosure without ancillary governance events reported [1].

In the context of the current market conditions and the company's recent performance, this purchase may indicate Grumhaus' confidence in DTF's future prospects. However, investors should analyze the broader market trends and the company's financial health to make informed investment decisions.

References:
[1] https://www.stocktitan.net/sec-filings/DTF/form-4-dtf-tax-free-income-2028-term-fund-inc-insider-trading-activit-686c8e13b393.html