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DTF Tax-Free Income Inc. Announces Increase in Monthly Dividend Rate

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^{Published in Business and Finance on Tuesday, February 17th 2009 at 15:31 GMT, Last Modified on 2009-02-17 15:32:06 by Market Wire}  

CHICAGO--([ BUSINESS WIRE ])--The Board of Directors of DTF Tax-Free Income Inc., (NYSE: DTF) (the "Fund"), at its regular meeting today, determined that the monthly dividends for March, April and May will be in the amount of $0.055 per share. The $0.055 per share dividend rate represents an increase of $0.005 per share from the Fund's previous $0.05 monthly distribution rate. This increase in the dividend rate is intended to better align the Fund's monthly distribution with its current and projected earnings and is subject to re-evaluation as the interest rate and credit environment changes.

DTF Tax-Free Income Inc. is a diversified, closed-end investment company. The Fund's investment objective is current income exempt from regular federal income tax consistent with preservation of capital. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of investment-grade tax-exempt obligations. The Fund's investment adviser is Duff & Phelps Investment Management Co.

For more information about the Fund, shareholders can access [ www.dpimc.com ] or call toll free at (800) 338-8214.