JPMorgan Chase Bank, N.A. - Nov 16, 2022 Form 4 Insider Report for DTF TAX-FREE INCOME 2028 TERM FUND INC (DTF)

Role
10%+ Owner
Signature
/s/ Sean Saroya
Stock symbol
DTF
Transactions as of
Nov 16, 2022
Transactions value $
$0
Form type
4
Date filed
11/18/2022, 09:32 AM
Previous filing
Nov 2, 2022
Next filing
Nov 21, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction DTF Variable Rate MuniFund Term Preferred Shares, Series 2050 Sale -250 -38.46% 400 Nov 16, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The 250 variable rate munifund term preferred shares reported as disposed of in Table I represent variable rate munifund term preferred shares, series 2050 (the "VMTP Shares") beneficially owned by JPMorgan Chase Bank, National Association ("JPMCB"). The VMTP Shares were disposed of as a result of a redemption by the Issuer (formerly known as DTF Tax-Free Income Inc.) for a redemption price of $100,145.28768 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $145.28768 per share).