DTF Tax-Free Income Inc. Announces Decrease in Dividend.PRINCETON, N.J. -- The Board of Directors of DTF (Digital Tape Format) A high-performance magnetic tape technology from Sony that was based on the helical scan transport and cartridge shell of Sony's highly successful 1/2" Digital Betacam. Tax-Free Income tax-free income The income received but not subject to income taxes. For example, interest from most municipal bonds is free of federal income taxes and often from state and local income taxes as well. Compare tax-deferred income, tax-sheltered income. Inc. (NYSE NYSE See: New York Stock Exchange : DTF) (the "Fund"), at its regular meeting today determined that the monthly dividend beginning March 2007 will be in the amount of $0.050 per share. The $0.050 per share dividend rate represents a decrease of $0.015 per share from the Fund's previous $0.065 distribution rate. The Fund noted that the decrease is intended to align the Fund's monthly distribution with its current and projected earnings. DTF Tax-Free Income Inc. is a diversified, closed-end investment company closed-end investment company: see mutual fund. . The Fund's investment objective is current income exempt from regular federal income tax consistent with the preservation of capital Preservation of Capital An investment strategy whose primary goal is to prevent the loss of an investment's total value. Notes: For investors using the capital preservation strategy to achieve their goal, they must ensure their portfolio is producing a return that is at . The Fund seeks to achieve its investment objective by investing primarily in a diversified portfolio of investment grade tax-exempt obligations. The Fund's investment advisor is Duff & Phelps Investment Management Co. Additional information on the Fund is contained in the annual report to shareholders for the fiscal year ending October 31, 2006 or at www.phoenixinvestments.com. |
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