DTF Tax-Free Income 2028 Term Fund Director Kahrer Buys 1000 Shares at $11.35/Share.

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) has announced that Director Kahrer Mark G. has acquired 1000 shares at a price of $11.35 per share on August 15, 2025.

DTF Tax-Free Income 2028 Term Fund Inc. (DTF) has experienced significant changes in its shareholder base and financial performance in recent quarters. According to its latest filings with the Securities and Exchange Commission, Sit Investment Associates Inc. increased its stake in DTF by 47.0% during the first quarter of 2025, owning 910,488 shares after acquiring an additional 291,117 shares [1]. This increase in ownership represents a substantial investment from an institutional investor, indicating growing interest in the fund's tax-exempt utility obligations.

Institutional ownership of DTF has been on the rise, with hedge funds and other institutional investors now owning 43.81% of the fund's shares [1]. Beverly Hills Private Wealth LLC also increased its holdings by 23.0% during the first quarter, owning 306,088 shares worth $3,431,000 after purchasing an additional 57,141 shares [1]. Additionally, Financial Gravity Asset Management Inc. bought a new position valued at approximately $36,000, and Hara Capital LLC raised its stake by 0.7%, now owning 247,965 shares worth $2,780,000 [1].

On August 15, 2025, Director Kahrer Mark G. acquired 1000 shares of DTF at a price of $11.35 per share, further highlighting the fund's attractiveness to investors [2]. This strategic acquisition aligns with the fund's focus on investment-grade tax-exempt utility obligations, which are expected to provide stable returns and income.

The fund also announced a dividend of $0.0325 per share, payable on August 29, 2025, to shareholders of record as of August 18, 2025 [2]. This dividend represents an impressive yield of 346.0%, reflecting the fund's strong performance and commitment to shareholder returns.

In summary, DTF Tax-Free Income 2028 Term Fund Inc. has seen increased institutional ownership and a significant dividend announcement, signaling a positive outlook for the fund. These developments indicate growing interest in the fund's investment strategy and potential for future growth.

References:
[1] https://www.marketbeat.com/instant-alerts/filing-sit-investment-associates-inc-acquires-291117-shares-of-dtf-tax-free-income-2028-term-fund-inc-nysedtf-2025-08-15/
[2] https://www.marketbeat.com/instant-alerts/dtf-tax-free-income-2028-term-fund-inc-nysedtf-to-issue-003-dividend-2025-08-12/