1. Phillip Hooks to step down as DTF's portfolio manager on May 16, 2025. 2. Dusty Self continues as the portfolio manager for the Fund. 3. DTF focuses on tax-free income while preserving capital through diversified investments. 4. Duff & Phelps Investment Management has been managing assets since 1979.
The management change is a routine transition, unlikely to cause dramatic shifts.
Management transitions can be critical, but Dusty Self's continuity suggests stability.
Long-term stability and consistent strategy may mitigate short-term concerns.
CHICAGO--(BUSINESS WIRE)-- DTF Tax-Free Income 2028 Term Fund Inc. (NYSE: DTF) (the “Fund”), a closed-end fund advised by Duff & Phelps Investment Management Co., today announced that Phillip Hooks, CFA, will step down as portfolio manager of the Fund effective May 16, 2025.
Dusty Self, senior portfolio manager, will remain as portfolio manager of the Fund.
About the Fund
DTF Tax-Free Income 2028 Term Fund Inc. is a diversified closed-end investment management company whose investment objective is current income exempt from regular federal income tax consistent with preservation of capital. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations. For more information, visit dpimc.com/dtf or call (800) 864-0629.
About the Investment Adviser
Duff & Phelps Investment Management Co., an investment manager of Virtus Investment Partners, Inc., began in 1932 as a fundamental research firm and has been managing assets since 1979. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy.