DTF DTF TAX-FREE INCOME 2028 TERM FUND INC Insider Trading

CEO David D Grumhaus Jr. buys 1,400 shares of DTF at $11.34; holdings rise to 6,652 shares (+26.7%)

Grumhaus, as President and CEO, purchased 1,400 shares at $11.34, bringing his total holdings to 6,652 shares, a 26.7% increase in his position in the closed-end fund DTF. His prior two purchases at this ticker (on 2024-04-10 and 2024-04-09) each showed positive 90-day returns of 3.0% and 2.3% respectively, establishing a pattern of well-timed purchases at DTF. The current price of $11.28 sits within the 52-week range of $10.86–$11.41 and has appreciated 1.2% over the past 90 days, consistent with the mild upward trajectory observed after his previous buys. This buy-and-hold accumulation by the CEO in a tax-free income fund merit noting as a material position increase by a top executive, though the absolute dollar value of $15,876.00 and modest price appreciation since the transaction suggest measured rather than aggressive conviction.

Director Kahrer buys 1,000 shares of DTF at $11.35 for $11.3K in initial transaction

Kahrer Mark G., a director at DTF Tax-Free Income 2028 Term Fund Inc., purchased 1,000 shares at $11.35 on 2025-08-15, establishing an initial position with no prior holdings in the fund. The fund shares are currently trading at $11.26, slightly below the purchase price and -1.3% from the 52-week high of $11.41, placing the transaction near the upper range of recent valuations. This represents Kahrer's first open-market buy across his entire documented transaction history. As a closed-end tax-free bond fund with a defined term, DTF's price stability and modest 90-day appreciation of +0.7% suggest steady performance within typical fixed-income ranges.