JPMorgan Chase Bank, N.A. - Jul 31, 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
Jul 31, 2023
Transactions value $
$0
Form type
4
Date filed
8/2/2023, 01:17 PM
Previous filing
Jun 20, 2023
Next filing
Sep 5, 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 -150 -100% 0 Jul 31, 2023 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

JPMorgan Chase Bank, N.A. is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 The 150 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 $150,361.23288 per share (which includes a liquidation preference of $100,000.00 per share and accrued dividends of $361.23288 per share).