-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, AlS5rciUC3OroRaReQzwPNj5de40Yal+1bM9+Y6t9NlCur6qZFXGYf2NJdAGTz10 EbiCzc/AZcyxSKhOvC5ZIQ== 0001287695-08-000818.txt : 20081230 0001287695-08-000818.hdr.sgml : 20081230 20081230132208 ACCESSION NUMBER: 0001287695-08-000818 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081031 FILED AS OF DATE: 20081230 DATE AS OF CHANGE: 20081230 EFFECTIVENESS DATE: 20081230 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DTF TAX-FREE INCOME INC CENTRAL INDEX KEY: 0000879535 IRS NUMBER: 363793962 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-06416 FILM NUMBER: 081275058 BUSINESS ADDRESS: STREET 1: 55 EAST MONROE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3122141250 MAIL ADDRESS: STREET 1: 100 MULBERRY STREET CITY: NEWARK STATE: NJ ZIP: 07102-4077 FORMER COMPANY: FORMER CONFORMED NAME: DUFF & PHELPS UTILITIES TAX FREE INCOME INC DATE OF NAME CHANGE: 19920929 NSAR-B 1 answer.fil PAGE 1 000 B000000 10/31/2008 000 C000000 0000879535 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 DTF TAX-FREE INCOME INC. 001 B000000 811-06416 001 C000000 3122632610 002 A000000 200 SOUTH WACKER DRIVE, SUITE 500 002 B000000 CHICAGO 002 C000000 IL 002 D010000 60606 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 DUFF & PHELPS INVESTMENT MANAGEMENT CO. 008 B000001 A 008 C000001 801-14813 008 D010001 CHICAGO 008 D020001 IL 008 D030001 60606 010 A000001 PRINCETON ADMINISTRATORS, LLC 010 C010001 PRINCETON 010 C020001 NJ 010 C030001 08543 010 C040001 9095 012 A000001 AMERICAN STOCK TRANSFER & TRUST COMPANY 012 B000001 84-000000 012 C010001 BROOKLYN 012 C020001 NY 012 C030001 11219 013 A000001 ERNST & YOUNG LLP 013 B010001 CHICAGO 013 B020001 IL PAGE 2 013 B030001 60606 014 A000001 PHOENIX EQUITY PLANNING CORP 014 B000001 8-014100 014 A000002 RUTHERFORD, BROWN, & CATHERWOOD LLP 014 B000002 8-026902 014 A000003 PFG DISTRIBUTION CO 014 B000003 8-048416 015 A000001 STATE STREET BANK AND TRUST COMPANY 015 B000001 C 015 C010001 NORTH QUINCY 015 C020001 MA 015 C030001 02171 015 E010001 X 018 000000 Y 019 A000000 N 019 B000000 0 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 GOLDMAN, SACHS & CO. 022 B000001 13-5108880 022 C000001 5100 022 D000001 7925 022 A000002 DEPFA FIRST ALBANY SECURITIES LLC 022 B000002 43-2117279 022 C000002 4761 022 D000002 2560 022 A000003 SANFORD C. 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Report of Independent Registered Public Accounting Firm


To the Shareholders and

Board of Directors of the DTF Tax-Free Income Inc.


In planning and performing our audit of the financial statements of DTF Tax-Free Income Inc. (the “Fund”) as of and for the year ended October 31, 2008 in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered its internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting.  Accordingly, we express no such opinion.


The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.  A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide rea sonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.


A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company’s annual or interim financial statements will not be prevented or detected on a timely basis.


Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of October 31, 2008.


This report is intended solely for the information and use of management and the Board of Directors of DTF Tax-Free Income Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.


Ernst & Young LLP


Chicago, Illinois

December 15, 2008




EX-99.77Q2 ITEM 405 3 dtf77q2.htm Converted by FileMerlin

EXHIBIT 99.77Q2


SUB-ITEM 77Q2.


Section 16(a) Beneficial Ownership Reporting Compliance


Based solely on a review of the copies of Section 16(a) forms furnished to the Fund, or written representations that no Forms 5 were required, the Fund believes that during the fiscal year ended October 31, 2008 all Section 16(a) filing requirements applicable to its officers, directors and greater than 10% beneficial owners were complied with, except that two newly appointed directors of the Fund’s investment adviser (Nancy G. Curtiss and J. Steven Neamtz) were late in filing their Form 3 statements with respect to the Fund.  All such forms have now been filed.





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