DTF CEF — DTF Tax Free Income Closed Fund

DTF Tax Free Income Closed Fund (DTF)

DTF is a low-cost CEF. its distribution rate is 3.49%, its trailing-12-month yield is 3.49%. Dividend Vision Distribution Safety Score™ is 85/100 (Safe). Its deepest 1-year drawdown was 2.0%.

At the current 3.49% distribution rate, a $10,000 investment would generate approximately $349 per year, or $29.08 per month.

DTF Tax-Free Income 2028 Term Fund is a closed-end fund that invests primarily in a diversified portfolio of investment-grade, tax-exempt municipal bonds, with a focus on utility-related obligations across sectors including water, sewer, electric utilities, and pollution control. The fund distributes income monthly and carries a current distribution rate in the moderate range. This fund may appeal to investors seeking tax-free income from municipal bonds, particularly those in higher tax brackets looking for tax-advantaged yield.

DTF performance

Its deepest 1-year drawdown was 2.0%.

DTF key facts

Distribution Safety Score™

85 · Safe

Safety-Adjusted Yield

2.97%

Issuer

Virtus Investment Partners

Asset type

CEF

Asset class

Fixed Income

Inception date

11/22/1991

Distribution rate

3.49%

Distribution frequency

Monthly

Trailing yield

3.49%

5-year average yield

3.47

Last close

$11.34 (as of 2026-09-21)

NAV

N/A

Premium / discount

N/A

Market cap

$80,137,064

Average volume

3540.0

Next dividend

$0.033

Last ex-dividend date

09/15/2026 (as of 2026-09-15)

Next payment date

09/29/2026 (as of 2026-09-29)

Beta

0.289

How Dividend Vision calculates yield and returns

Distribution rate (3.49%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (3.49%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Virtus Investment Partners; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

DTF risks and drawbacks

DTF's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. The deepest 1-year drawdown on record here is 2.0%.

Who may consider DTF — and who may not

DTF may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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