JPMorgan Chase Bank, N.A. - 31 Jul 2023 Form 4 Insider Report for DTF TAX-FREE INCOME 2028 TERM FUND INC (DTF)

Role: 10%+ Owner
Signature: /s/ Sean Saroya
Issuer symbol: DTF
Transactions as of: 31 Jul 2023
Net transactions value: $0
Form type: 4
Filing time: 02 Aug 2023, 13:17:36 UTC
Previous filing: 20 Jun 2023
Next filing: 05 Sep 2023
SEC: View on sec.gov

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	31 Jul 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).

Content

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).