JPMorgan Chase Bank, N.A. - Jun 15, 2023 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: Jun 15, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/20/2023, 06:10 AM
Previous filing: Nov 30, 2022
Next filing: Aug 2, 2023

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	-62.5%		150	Jun 15, 2023	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 $25,042,671.23 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $42,671.23 per share).

Content

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 $25,042,671.23 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $42,671.23 per share).