Edgar Filing: DTF TAX-FREE INCOME INC

DTF Tax-Free Income Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-06416

DTF Tax-Free Income Inc.

(Exact name of registrant as specified in charter)

200 South Wacker Drive, Suite 500, Chicago, Illinois 60606

(Address of principal executive offices) (Zip code)


Alan M. Meder		Lawrence R. Hamilton
DTF Tax-Free Income Inc.		Mayer Brown LLP
200 South Wacker Drive, Suite 500		71 South Wacker Drive
Chicago, Illinois 60606		Chicago, Illinois 60606

(Name and address of agents for service)

Registrant’s telephone number, including area code: (800) 338-8214

Date of fiscal year end: October 31

Date of reporting period: January 31, 2013

Item 1 – Schedule of Investments

The Schedule of Investments is included in the Statement of Net Assets below.

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS

January 31, 2013

(Unaudited)


Principal			Value (Note 1)
Amount
(000)		Description (a)

		LONG-TERM INVESTMENTS - 139.8%

		Arizona - 3.1%
	$ 2,000	Arizona St. Trans. Brd. Hwy. Rev.,
		5.00%, 7/1/30, Ser. B	$	2,303,200
	2,000	Salt River Proj. Agric. Impvt. & Pwr.
		Dist. Elec. Sys. Rev.,
		5.00%, 1/1/38, Ser. A		2,275,580

				4,578,780


		California - 17.8%
	2,000	Bay Area Toll Auth. Rev.,
		5.125%, 4/1/39, Ser. F-1		2,282,900
	500	California St. Gen. Oblig.,
		5.50%, 3/1/26		586,155
	1,000	California St. Gen. Oblig.,
		6.00%, 4/1/38		1,198,200
	500	California St. Gen. Oblig.,
		5.50%, 3/1/40		584,430
	2,000	California Statewide Communities
		Dev. Auth. Rev.,
		5.75%, 7/1/47, FGIC		2,253,420
	1,060	Fresno Swr. Rev.,
		6.25%, 9/1/14, Ser. A-1, AMBAC		1,119,296
	3,000	Golden State Tobacco Securitization Corp. Rev.,
		5.75%, 6/1/47, Ser. A-1		2,841,240
	500	Imperial Irrigation Dist. Elec. Sys. Rev.,
		5.00%, 11/1/36, Ser. B		564,980
	2,500	Riverside Cnty. Sngl. Fam. Rev.,
		7.80%, 5/1/21, Ser. A,
		Escrowed to maturity (b)		3,705,325
	500	Sacramento Area Flood Control Agency
		Consol. Capital Assessment Dist. Bonds,
		5.00%, 10/1/37		566,900
	7,840	San Bernardino Cnty. Res. Mtge. Rev.,
		9.60%, 9/1/15, Escrowed to maturity (b)		9,667,504
	1,040	Saratoga Unified Sch. Dist. Gen. Oblig.,
		Zero Coupon, 9/1/20, Ser. A, FGIC / NRE		887,827

				26,258,177


		Colorado - 0.8%
	1,000	Eagle River Wtr. & Sanitation Dist.
		Enterprise Wastewater Rev.,
		5.00%, 12/1/42		1,130,060


		Connecticut - 2.7%
	1,000	Connecticut St. Hlth. & Edl. Facs. Auth. Rev.,
		5.00%, 7/1/25, Ser. C, RAD		1,017,480
	1,000	Connecticut St. Hlth. & Edl. Facs. Auth. Rev.,
		5.00%, 7/1/41, Ser. A		1,082,720
	700	Connecticut St. Hlth. & Edl. Facs. Auth. Rev.,
		5.00%, 7/1/32, Ser. A		777,574
	1,000	South Central Connecticut Reg. Wtr. Auth. Rev.,
		5.00%, 8/1/41, Ser. 26		1,144,240

				4,022,014


		District of Columbia - 2.6%
	1,000	District of Columbia Inc. Tax Rev.,
		5.00%, 12/1/31, Ser. A		1,168,720
	1,500	District of Columbia Wtr. & Swr. Auth. Rev.,
		5.00%, 10/1/33, FGIC / NRE
		Prerefunded 10/1/13 @ $100 (b)		1,547,325
	1,000	Metropolitan Washington D.C. Airport Auth. Rev.,
		5.00%, 10/1/18, Ser. A, AGM / AMBAC		1,160,200

				3,876,245


		Florida - 11.2%
	1,500	Broward Cnty. Port Fac. Rev.,
		6.00%, 9/1/23, Ser. A		1,780,470
	1,000	Escambia Cnty. Hlth. Fac. Auth. Rev.,
		6.00%, 8/15/36		1,146,550

The accompanying notes are an integral part of this financial statement.

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

Janaury 31, 2013

(Unaudited)


Principal			Value (Note 1)
Amount
(000)		Description (a)

	$ 2,000	Florida St. Bd. of Ed. Cap. Outlay,
		5.00%, 6/1/41, Ser. F	$	2,299,280
	2,000	Florida St. Bd. of Ed. Gen. Oblig.,
		5.00%, 6/1/21, Ser. A		2,050,720
	70	Highlands Cnty. Hlth. Fac. Auth. Rev.,
		5.125%, 11/15/32, Ser. G,
		Prerefunded 11/15/16 @ $100 (b)		81,590
	1,930	Highlands Cnty. Hlth. Fac. Auth. Rev.,
		5.125%, 11/15/32, Ser. G		2,141,354
	2,000	JEA Wtr. & Swr. Rev.,
		4.25%, 10/1/41, Ser. A		2,088,020
	250	Miami-Dade Cnty. Aviation Rev.,
		5.00%, 10/1/32, Ser. A		276,413
	2,000	Orlando and Orange Cnty. Expwy. Auth. Rev.,
		5.00%, 7/1/35, Ser. B,
		BHAC / AMBAC		2,031,420
	2,000	Seminole Cnty. Sales Tax Rev.,
		5.25%, 10/1/31, Ser. B, NRE		2,589,260

				16,485,077


		Georgia - 8.7%
	2,385	Atlanta Wtr. & Wastewater Rev.,
		5.00%, 11/1/29, Ser. A, FGIC / NRE		2,392,751
	715	Atlanta Wtr. & Wastewater Rev.,
		5.00%, 11/1/38, Ser. A, FGIC / NRE		717,109
	2,000	Fulton Cnty. Sch. Dist. Gen. Oblig.,
		5.375%, 1/1/16		2,270,700
	4,375	Georgia Mun. Elec. Auth. Pwr. Rev.,
		6.50%, 1/1/20, Ser. X, AMBAC		5,149,463
	2,000	Metro. Atlanta Rapid Tran. Auth. Rev.,
		5.00%, 7/1/39, Ser. 3		2,302,840

				12,832,863


		Illinois - 9.0%
	1,000	Chicago Bd. of Ed. Gen. Oblig.,
		5.50%, 12/1/30, Ser. A, AMBAC		1,277,490
	500	Chicago Multi-Family Hsg. Rev.,
		4.90%, 3/20/44, FHA		518,120
	1,000	Chicago Park Dist. Gen. Oblig.,
		5.00%, 1/1/27, Ser. A, AMBAC		1,053,570
	500	Chicago Wastewater Transmission Rev.,
		4.00%, 1/1/42, 2nd Lien		505,980
	2,000	Chicago Wastewater Transmission Rev.,
		5.00%, 1/1/42, 2nd Lien		2,232,900
	1,000	Illinois Fin. Auth. Ed. Rev.,
		5.375%, 9/1/32, Ser. C,
		Prerefunded 9/1/17 @ $100 (b)		1,206,830
	1,000	Illinois Fin. Auth. Rev.,
		6.00%, 8/15/38, Ser. A		1,136,060
	2,000	Illinois St. Gen. Oblig.,
		5.50%, 1/1/29		2,457,300
	1,500	Illinois St. Toll Hwy. Auth. Rev.,
		5.50%, 1/1/33, Ser. B		1,707,690
	1,000	Railsplitter Tobacco Settlement Auth. Rev.,
		6.00%, 6/1/28		1,200,910

				13,296,850


		Indiana - 3.1%
	820	Indiana Fin. Auth. Hospital Rev.,
		5.875%, 5/1/29, Ser. A,
		Prerefunded 5/1/14 @100 (b)		875,990
	180	Indiana Fin. Auth. Hospital Rev.,
		5.875%, 5/1/29, Ser. A		186,264

The accompanying notes are an integral part of this financial statement.

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

January 31, 2013

(Unaudited)


Principal			Value (Note 1)
Amount
(000)		Description (a)

	$ 1,000	Indiana St. Fin. Auth. Rev. Revolving Fund,
		5.00%, 2/1/31, Ser. B	$	1,172,340
	2,000	Indianapolis Local Pub. Impvt.
		Bond Bank Rev.,
		5.00%, 2/1/38, Ser. A		2,301,240

				4,535,834


		Louisiana - 3.7%
	1,000	Louisiana St. Gasoline & Fuels Tax Rev.,
		5.00%, 5/1/41, Ser. A		1,106,030
	1,250	Louisiana Stadium & Exposition Dist.,
		5.00%, 7/1/30, Ser. A		1,438,375
	500	Louisiana Stadium & Exposition Dist.,
		5.00%, 7/1/36, Ser. A		571,555
	1,100	Regional Tran. Auth. Louisiana Sales Tax Rev.,
		5.00%, 12/1/30, AGM		1,260,787
	1,000	Terrebonne Parish Waterworks Consol. Dist. No. 1,
		5.00%, 11/1/37, Ser. A		1,117,690

				5,494,437


		Maine - 0.4%
	500	Maine Hlth. & Higher Edl. Facilities Auth. Rev.
		Eastern Maine Med. Ctr. Obligated Group Issue,
		5.00%, 7/1/43		543,125


		Maryland - 1.5%
	2,000	Maryland St. Trans. Auth. Rev.,
		5.00%, 7/1/37, AGM		2,275,980


		Massachusetts - 6.3%
	3,000	Massachusetts Bay Trans. Auth. Rev.,
		5.50%, 7/1/29, Ser. B, NRE		4,027,080
	2,000	Massachusetts St. College Bldg. Auth. Rev.,
		5.00%, 5/1/40, Ser. B		2,246,340
	1,500	Massachusetts St. Dev. Fin. Agcy.
		Solid Waste Disp. Rev.,
		5.00%, 2/1/36		1,578,060
	1,000	Massachusetts St. Gen. Oblig.,
		5.50%, 8/1/30, Ser. A, AMBAC		1,379,960

				9,231,440


		Michigan - 1.7%
	500	Detroit Gen. Oblig.,
		5.25%, 11/1/35		553,905
	2,000	Detroit Wtr. Supply Sys. Rev.,
		5.00%, 7/1/30, Ser. A, FGIC / NRE		2,002,640

				2,556,545


		Nebraska - 3.7%
	500	Nebraska St. Pub. Pwr. Dist. Gen. Rev.,
		5.00%, 1/1/34, Ser. A		577,295
	2,000	Omaha Gen. Oblig.,
		5.25%, 4/1/27		2,706,920
	2,010	Omaha Pub. Pwr. Dist. Elec. Rev.,
		6.20%, 2/1/17, Ser. B,
		Escrowed to maturity (b)		2,221,231

				5,505,446


		Nevada - 3.1%
	2,165	Clark Cnty. Gen. Oblig.,
		5.00%, 11/1/22, AMBAC		2,393,819
	2,000	Nevada St. Gen. Oblig.,
		5.00%, 12/1/24, Ser. F, AGM		2,181,160

				4,574,979


		New Jersey - 4.8%
	2,000	New Jersey St. Gen. Oblig.,
		5.25%, 7/1/17, Ser. H		2,374,440
	1,000	New Jersey St. Tpk. Auth. Rev.,
		5.00%, 1/1/36, Ser. H		1,104,240
	2,000	New Jersey Trans. Trust Fund Auth. Rev.,
		5.25%, 12/15/22, Ser. A		2,467,620
	1,000	New Jersey Trans. Trust Fund Auth. Rev.
		Trans. Sys. Bonds,
		5.00%, 6/15/42, Ser. A		1,115,550

				7,061,850

The accompanying notes are an integral part of this financial statement.

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

January 31, 2013

(Unaudited)


Principal			Value (Note 1)
Amount
(000)		Description (a)


		New York - 8.2%
	$ 1,000	Albany Industrial Dev. Agy. Rev.,
		5.00%, 4/1/32, Ser. A	$	1,003,290
	800	Long Island Pwr. Auth. Elec. Sys. Rev.,
		5.00%, 12/1/35, Ser. B		872,304
	700	Long Island Pwr. Auth. Elec. Sys. Rev.,
		5.00%, 9/1/42, Ser. A		788,487
	1,000	New York City Mun. Wtr. Fin. Auth. Rev.,
		5.375%, 6/15/43, Ser. EE		1,173,690
	1,000	New York City Mun. Wtr. Fin. Auth. Rev.,
		5.50%, 6/15/43, Ser. EE		1,183,290
	1,590	New York St. Envrnmnt. Fac. Corp. St. Rev. Revolving Funds,
		5.00%, 11/15/42, Ser. E		1,844,670
	1,500	New York St. Dorm. Auth. Rev.,
		7.25%, 10/1/28, Ser. C		1,915,500
	2,000	New York St. Dorm. Auth.
		St. Personal Inc. Tax Rev.,
		5.00%, 3/15/30, Ser. F		2,161,480
	500	New York St. Thruway Auth. Rev.,
		5.00%, 1/1/37, Ser. I		567,250
	500	Triborough Bridge & Tunnel Auth. Subordinate Rev.,
		5.00% 11/15/30, Ser. A		595,260

				12,105,221


		Ohio - 5.1%
	750	Deerfield Twp. Tax Increment Rev.,
		5.00%, 12/1/25		800,970
	1,000	Hamilton Elec. Sys. Rev.,
		4.60%, 10/15/20, Ser. A, AGM		1,105,150
	750	Ohio St. Air Quality Dev. Auth. Rev.,
		5.70%, 2/1/14, Ser. A		781,395
	500	Ohio St. Gen. Oblig.,
		5.00%, 9/1/30, Ser. A		587,360
	1,040	Ohio St. Tpk. Comm. Tpk. Rev.,
		5.00%, 2/15/31, Ser. A		1,186,671
	2,445	Ohio St. Wtr. Dev. Auth. Rev.,
		5.50%, 6/1/20, Ser. B, AGM		3,133,048

				7,594,594


		Pennsylvania - 7.0%
	2,000	Delaware Cnty. Auth. Rev.,
		5.00%, 6/1/21, Ser. A,
		Prerefunded 6/1/15 @ $100 (b)		2,202,360
	1,000	East Stroudsburg Area Sch. Dist. Gen. Oblig.,
		7.75%, 9/1/27, Ser. A, FGIC / NRE		1,253,600
	1,000	Pennsylvania Econ. Dev. Fin.
		Auth. Res. Recov. Rev.,
		4.625%, 12/1/18, Ser. F, AMBAC		1,015,860
	2,000	Pennsylvania St. Higher Ed. Facs. Auth. Rev.,
		5.00%, 6/15/28, Ser. AL		2,359,740
	1,020	Pennsylvania St. Tpk. Comm. Oil Franchise Tax Rev.,
		5.00%, 12/1/23, Ser. A-2, AGT		1,189,412
	2,000	Philadelphia Wtr. & Wastewater Rev.,
		5.00%, 1/1/41, Ser. A		2,245,500

				10,266,472


		Puerto Rico - 2.1%
	1,000	Puerto Rico Elec. Pwr. Auth. Rev.,
		5.00%, 7/1/25, Ser. PP, FGIC / NRE		1,005,730
	2,000	Puerto Rico Sales Tax Financing Corp. Rev.,
		5.00%, 8/1/46, Ser. C		2,132,080

				3,137,810


		Rhode Island - 2.8%
	2,000	Rhode Island Hlth. & Edl. Bldg. Corp. Higher Ed. Facs. Rev.,
		5.00%, 9/1/37		2,272,480
	1,600	Rhode Island Hlth. & Edl. Bldg. Corp. Higher Ed. Facs. Rev.,
		5.00%, 11/1/41		1,797,424

				4,069,904


		South Carolina - 1.1%
	1,500	Spartanburg Waterworks Rev.,
		5.25%, 6/1/28,
		Prerefunded 6/1/14 @ $100 (b)		1,597,320


		Tennessee - 1.9%
	1,500	Tennessee Energy Acquisition Corp. Rev.,
		5.25%, 9/1/20, Ser. A		1,719,795
	1,000	Tennessee Energy Acquisition Corp. Rev.,
		5.25%, 9/1/21, Ser. A		1,157,240

				2,877,035

The accompanying notes are an integral part of this financial statement.

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

January 31, 2013

(Unaudited)


Principal			Value (Note 1)
Amount
(000)		Description (a)


		Texas - 12.5%
	$ 1,000	Alliance Airport Auth. Inc. Rev.,
		4.85%, 4/1/21	$	1,065,430
	1,000	Dallas Area Rapid Transit Rev.,
		5.25%, 12/1/48		1,152,300
	2,000	El Paso Wtr. & Swr. Rev.
		Ref. and Impvmt. Bonds,
		4.00%, 3/1/33, Ser. A		2,154,640
	1,000	Everman Indep. Sch. Dist. Gen. Oblig.,
		5.00%, 2/15/36, PSF		1,142,240
	500	Houston Arpt. Sys. Rev.,
		5.00%, 7/1/32, Ser. A		563,990
	1,000	Houston Hotel Occupancy Tax & Spl. Rev.,
		5.25%, 9/1/29, Ser. A		1,115,400
	1,060	Klein Indep. Sch. Dist. Gen. Oblig.,
		5.00%, 8/1/38, Ser. A, PSF		1,214,908
	2,000	Lower Colorado River Auth. Rev.,
		5.00%, 5/15/31, AGM		2,021,160
	1,935	McLennan Cnty. Pub. Fac. Corp. Proj. Rev.,
		6.625%, 6/1/35		2,104,487
	1,200	North Texas Twy. Auth. Rev.,
		5.75%, 1/1/40, Ser. A, BHAC		1,416,480
	1,975	Pharr-San Juan-Alamo Indep. Sch. Dist. Gen. Oblig.,
		5.50%, 2/1/33, PSF		2,278,182
	1,000	Spring Branch Indep. Sch. Dist. Gen. Oblig.,
		5.25%, 2/1/38, PSF		1,141,760
	1,000	Upper Trinity Reg. Wtr. Dist. Treated Wtr. Supply Sys. Rev.
		Ref. and Impvmt. Bonds,
		4.00%, 8/1/37, Ser. A		1,019,340

				18,390,317


		Utah - 1.6%
	1,000	Utah Trans. Auth. Sales Tax Rev.,
		5.00%, 6/15/32, Ser. A, AGM		1,156,150
	1,000	Utah Trans. Auth. Sales Tax Rev.,
		5.00%, 6/15/36, Ser. A, AGM		1,147,890

				2,304,040


		Vermont - 1.5%
	2,000	Univ. of Vermont & St. Agric. College Gen. Oblig.,
		5.00%, 10/1/38, Ser. A		2,277,580


		Virginia - 2.8%
	2,000	Virginia College Bldg. Auth. Rev.,
		5.00%, 2/1/23, Ser. E-1		2,533,700
	1,500	Virginia St. Hsg. Dev. Auth. Rev.,
		4.55%, 1/1/24		1,539,855

				4,073,555


		Washington - 1.9%
	500	Energy Northwest Wind Proj. Rev.,
		4.75%, 7/1/21, NRE		524,925
	2,000	King Cnty. Swr. Rev.,
		5.00%, 1/1/52		2,231,280

				2,756,205


		West Virginia - 1.0%
	1,500	Monongalia Cnty. Bldg. Comm.
		Hospital Rev.,
		5.00%, 7/1/30, Ser. A		1,530,360


		Wisconsin - 3.0%
	2,000	Wisconsin St. Gen. Rev.,
		6.00%, 5/1/33, Ser. A		2,443,280
	2,000	Wisconsin St. Hlth. & Edl. Facs. Auth. Rev.,
		6.50%, 4/15/33		2,012,340

				4,455,620


		Wyoming - 3.1%
	4,000	Wyoming St. Farm Loan Brd.
		Cap. Facs. Rev.,
		5.75%, 10/1/20		4,572,560

		Total Long-Term Investments
		(Cost $186,213,250)		206,268,295

The accompanying notes are an integral part of this financial statement.

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

January 31, 2013

(Unaudited)



Shares

		SHORT-TERM INVESTMENT - 2.7%
	4,011	State Street Institutional Tax-Free
		Money Market Fund
		(Seven-day effective yield 0.00%)
		(Cost $4,011,475)	$	4,011,475


		TOTAL INVESTMENTS - 142.5% (Cost $190,224,725)		210,279,770

		Other assets in excess of liabilities - 1.5%		2,298,716

		Liquidation value of remarketed preferred stock - (44.0%)		(65,000,000	)


		NET ASSETS APPLICABLE TO COMMON STOCK - 100.0%	$	147,578,486


		Net Asset Value per share of common stock ($147,578,486 / 8,519,010)	$	17.32

(a)	The following abbreviations are used in portfolio descriptions to indicate an obligation of credit support, in whole or in part:

AMBAC—Ambac Assurance Corporation

AGM—Assured Guaranty Municipal Corp.

AGT—Assured Guaranty Corp.

BHAC—Berkshire Hathaway Assurance Corporation

FGIC—Financial Guaranty Insurance Company

FHA—Federal Housing Authority

NRE—National Public Finance Guarantee Corporation

PSF—Texas Permanent School Fund

RAD—Radian Asset Assurance Inc.

(b)	Prerefunded and escrowed to maturity issues are secured by escrowed cash, government obligations, or other securities.

The percentage shown for each investment category is the total value of that category as a percentage of the net assets applicable to common stock of the Fund.

The accompanying notes are an integral part of this financial statement.

DTF TAX-FREE INCOME INC.

NOTES TO STATEMENT OF NET ASSETS

January 31, 2013

(Unaudited)

Note 1. Security Valuation

The Fund’s investments are carried at fair value which is defined as the price that the Fund would receive upon selling an investment in a timely transaction to an independent buyer in the principal or most advantageous market of the investment. The three-tier hierarchy of inputs established to classify fair value measurements for disclosure purposes is summarized in the three broad levels listed below.

Level 1 – quoted prices in active markets for identical securities.

Level 2 – other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.).

Level 3 – significant unobservable inputs (including the Fund’s own assumptions in determining fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in these securities. For more information about the Fund’s policy regarding valuation of investments and other significant accounting policies, please refer to the Fund’s most recent financial statements contained in its annual report. The following is a summary of the inputs used to value each of the Fund’s investments at January 31, 2013:


	Level 1		Level 2
Money market mutual fund	$	4,011,475		–
Municipal bonds		–	$	206,268,295

Total	$	4,011,475	$	206,268,295

There were no Level 3 priced securities held and there were no transfers between Level 1 and Level 2 related to securities held at January 31, 2013.

Note 2. Federal Tax Cost

At October 31, 2012, the Fund’s most recent fiscal tax year-end, the federal tax cost of the Fund’s investments and aggregate gross unrealized appreciation (depreciation) were as follows:


Federal Tax Cost	Unrealized Appreciation	Unrealized Depreciation	Net Unrealized Appreciation
$190,726,624	$20,748,425	($7,516)	$20,740,909

The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the difference between book and tax amortization methods for premiums and discounts on fixed income securities.

Other information regarding the Fund is available on the Fund’s website at www.dtffund.com or the Securities and Exchange Commission’s website at www.sec.gov.

Item 2 – Controls and Procedures

(a) The registrant’s principal executive officer and principal financial officer have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the “1940 Act”)) are effective, based on an evaluation of those controls and procedures made as of a date within 90 days of the filing date of this report as required by Rule 30a-3(b) under the 1940 Act and Rule 13a-15(b) under the Securities Exchange Act of 1934.

(b) There has been no change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3 – Exhibits

Exhibit 99.CERT- Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.


(Registrant)		DTF TAX-FREE INCOME INC.

By (Signature and Title)		/S/ ALAN M. MEDER

		Alan M. Meder
		Treasurer
		(Principal Financial and Accounting Officer)

Date		March 19, 2013

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.



By (Signature and Title)		/S/ NATHAN I. PARTAIN
		Nathan I. Partain
		President and Chief Executive Officer

Date		March 19, 2013

By (Signature and Title)		/S/ ALAN M. MEDER

		Alan M. Meder
		Treasurer
		(Principal Financial and Accounting Officer)

Date		March 19, 2013