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, 2012

Item 1 – Schedule of Investments

The Schedule of Investments follows:

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS

(UNAUDITED)

JANUARY 31, 2012


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

		LONG-TERM INVESTMENTS - 140.3%

		Arizona - 3.1%
	$ 2,000	Arizona St. Trans. Brd. Hwy. Rev.,
		5.00%, 7/1/30, Ser. B	$	2,266,780
	2,000	Salt River Proj. Agric. Impvt. & Pwr.
		Dist. Elec. Sys. Rev.,
		5.00%, 1/1/38, Ser. A		2,190,340

				4,457,120


		California - 19.3%
	2,000	Bay Area Toll Auth. Rev.,
		5.125%, 4/1/39, Ser. F-1		2,187,620
	500	California St. Gen. Oblig.,
		5.50%, 3/1/26		573,510
	1,000	California St. Gen. Oblig.,
		6.00%, 4/1/38		1,160,630
	500	California St. Gen. Oblig.,
		5.50%, 3/1/40		560,515
	2,000	California Statewide Communities
		Dev. Auth. Rev.,
		5.75%, 7/1/47, FGIC		2,139,400
	1,545	Fresno Swr. Rev.,
		6.25%, 9/1/14, Ser. A-1, AMBAC		1,652,702
	3,000	Golden State Tobacco Securitization Corp. Rev.,
		5.75%, 6/1/47, Ser. A-1		2,261,160
	500	Imperial Irrigation District Elec. Sys. Rev.,
		5.00%, 11/1/36, Ser. B		539,260
	2,000	Los Angeles Wastewtr. Sys. Rev.,
		5.00%, 6/1/26, Ser. A, NRE		2,103,200
	2,500	Riverside Cnty. Sngl. Fam. Rev.,
		7.80%, 5/1/21, Ser. A,
		Escrowed to maturity (b)		3,641,250
	7,840	San Bernardino Cnty. Res. Mtge. Rev.,
		9.60%, 9/1/15, Escrowed to maturity (b)		10,333,669
	1,040	Saratoga Unified Sch. Dist. Gen. Oblig.,
		Zero Coupon, 9/1/20, Ser. A, FGIC / NRE		796,640

				27,949,556


		Connecticut - 3.4%
	1,000	Connecticut St. Hlth. & Edl. Facs. Auth. Rev.,
		5.00%, 7/1/25, Ser. C, RAD		1,006,190
	1,000	Connecticut St. Hlth. & Edl. Facs. Auth. Rev.,
		5.00%, 7/1/41, Ser. A		1,068,080
	700	Connecticut St. Hlth. & Edl. Facs. Auth. Rev.,
		5.00%, 7/1/32, Ser. A		753,886
	2,500	Mashantucket Western Pequot
		Tribe Spl. Rev., 144A,
		5.75%, 9/1/18, Ser. B (c)(d)		931,600
	1,000	South Central Connecticut Reg. Wtr. Auth. Rev.,
		5.00%, 8/1/41, Ser. 26		1,114,360

				4,874,116


		District of Columbia - 2.7%
	1,000	District of Columbia Inc. Tax Rev.,
		5.00%, 12/1/31, Ser. A		1,160,860
	1,500	District of Columbia Wtr. & Swr. Auth. Rev.,
		5.00%, 10/1/33, FGIC / NRE		1,585,095
	1,000	Metropolitan Washington D.C. Airport Auth. Rev.,
		5.00%, 10/1/18, Ser. A, AGM / AMBAC		1,155,760

				3,901,715


		Florida - 11.0%
	1,500	Broward Cnty. Port Fac. Rev.,
		6.00%, 9/1/23, Ser. A		1,787,790
	1,000	Escambia Cnty. Hlth. Fac. Auth. Rev.,
		6.00%, 8/15/36		1,068,790

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

(UNAUDITED)

JANUARY 31, 2012


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


$	2,210	Florida Mun. Ln. Council Rev.,
		5.375%, 8/1/20, Ser. B, NRE	$	2,272,344
	2,000	Florida St. Bd. of Ed. Gen. Oblig.,
		5.00%, 6/1/21, Ser. A		2,126,700
	70	Highlands Cnty. Hlth. Fac. Auth. Rev.,
		5.125%, 11/15/32, Ser. G,
		Prerefunded 11/15/16 @ $100 (b)		84,298
	1,930	Highlands Cnty. Hlth. Fac. Auth. Rev.,
		5.125%, 11/15/32, Ser. G		2,025,381
	2,000	JEA Wtr. & Swr. Rev.,
		4.25%, 10/1/41, Ser. A		2,012,900
	2,000	Orlando and Orange Cnty. Expwy. Auth. Rev.,
		5.00%, 7/1/35, Ser. B,
		BHAC / AMBAC		2,035,780
	2,000	Seminole Cnty. Sales Tax Rev.,
		5.25%, 10/1/31, Ser. B, NRE		2,475,000

				15,888,983


		Georgia - 10.4%
	2,385	Atlanta Wtr. & Wastewtr. Rev.,
		5.00%, 11/1/29, Ser. A, FGIC / NRE		2,389,555
	715	Atlanta Wtr. & Wastewtr. Rev.,
		5.00%, 11/1/38, Ser. A, FGIC / NRE		715,965
	2,000	Fulton Cnty. Sch. Dist. Gen. Oblig.,
		5.375%, 1/1/16		2,354,660
	50	Georgia Mun. Elec. Auth. Pwr. Rev.,
		6.40%, 1/1/13, Ser. Y,
		Escrowed to maturity (b)		52,576
	780	Georgia Mun. Elec. Auth. Pwr. Rev.,
		6.40%, 1/1/13, Ser. Y, AMBAC		814,656
	5,500	Georgia Mun. Elec. Auth. Pwr. Rev.,
		6.50%, 1/1/20, Ser. X, AMBAC		6,569,145
	2,000	Metro. Atlanta Rapid Tran. Auth. Rev.,
		5.00%, 7/1/39, Ser. 3		2,176,700

				15,073,257


		Idaho - 0.1%
	68	Idaho Hsg. Agcy. Sngl. Fam. Mtge. Sr. Rev.,
		6.60%, 7/1/27, Ser. B		68,343

				68,343


		Illinois - 7.1%
	1,000	Chicago Bd. of Ed. Gen. Oblig.,
		5.50%, 12/1/30, Ser. A, AMBAC		1,205,990
	500	Chicago Multi-Family Hsg. Rev.,
		4.90%, 3/20/44, FHA		500,265
	1,000	Chicago Park Dist. Gen. Oblig.,
		5.00%, 1/1/27, Ser. A, AMBAC		1,049,360
	1,000	Illinois Fin. Auth. Ed. Rev.,
		5.375%, 9/1/32, Ser. C,
		Prerefunded 9/1/17 @ $100 (b)		1,247,280
	1,000	Illinois Fin. Auth. Rev.,
		6.00%, 8/15/38, Ser. A		1,069,600
	2,000	Illinois St. Gen. Oblig.,
		5.50%, 1/1/29		2,438,260
	1,500	Illinois St. Toll Hwy. Auth. Rev.,
		5.50%, 1/1/33, Ser. B		1,651,455
	1,000	Railsplitter Tobacco Settlement Auth. Rev.,
		6.00%, 6/1/28		1,121,320

				10,283,530


		Indiana - 7.3%
	1,000	Indiana Fin. Auth. Hospital Rev.,
		5.875%, 5/1/29, Ser. A		1,043,680
	5,000	Indiana Mun. Pwr. Agcy.
		Pwr. Supply Sys. Rev.,
		6.00%, 1/1/13, Ser. B, NRE		5,245,950
	2,100	Indianapolis Local Pub. Impvt.
		Bond Bank Rev.,
		5.25%, 7/1/33, Ser. A,
		Prerefunded 7/1/12 @ 100 (b)		2,143,869

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

(UNAUDITED)

JANUARY 31, 2012


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


$	2,000	Indianapolis Local Pub. Impvt.
		Bond Bank Rev.,
		5.00%, 2/1/38, Ser. A	$	2,187,660

				10,621,159


		Louisiana - 1.6%
	1,000	Louisiana St. Gasoline & Fuels Tax Rev.,
		5.00%, 5/1/41, Ser. A		1,055,870
	1,100	Regional Tran. Auth. Louisiana Sales Tax Rev.,
		5.00%, 12/1/30, AGM		1,248,544

				2,304,414


		Maryland - 1.5%
	2,000	Maryland St. Trans. Auth. Rev.,
		5.00%, 7/1/37, AGM		2,203,620


		Massachusetts - 6.3%
	3,000	Massachusetts Bay Trans. Auth. Rev.,
		5.50%, 7/1/29, Ser. B, NRE		4,125,480
	2,000	Massachusetts St. College Bldg. Auth. Rev.,
		5.00%, 5/1/40, Ser. B		2,184,780
	1,500	Massachusetts St. Dev. Fin. Agcy.
		Solid Waste Disp. Rev.,
		5.00%, 2/1/36		1,532,085
	1,000	Massachusetts St. Gen. Oblig.,
		5.50%, 8/1/30, Ser. A, AMBAC		1,366,760

				9,209,105


		Michigan - 1.7%
	500	Detroit Gen. Oblig.,
		5.25%, 11/1/35		535,055
	2,000	Detroit Wtr. Supply Sys. Rev.,
		5.00%, 7/1/30, Ser. A, FGIC / NRE		2,000,820

				2,535,875


		Nebraska - 4.3%
	2,000	Omaha Gen. Oblig.,
		5.25%, 4/1/27		2,720,380
	665	Omaha Pub. Pwr. Dist. Elec. Rev.,
		6.15%, 2/1/12, Ser. B,		665,000
		Escrowed to maturity (b)
	2,500	Omaha Pub. Pwr. Dist. Elec. Rev.,
		6.20%, 2/1/17, Ser. B,		2,880,250

		Escrowed to maturity (b)		6,265,630


		Nevada - 4.2%
	2,165	Clark Cnty. Gen. Oblig.,
		5.00%, 11/1/22, AMBAC		2,466,866
	1,400	Las Vegas Valley Wtr. Dist. Gen. Oblig.,
		5.00%, 6/1/25, Ser. B, NRE		1,455,762
	2,000	Nevada St. Gen. Oblig.,
		5.00%, 12/1/24, Ser. F, AGM		2,211,100

				6,133,728


		New Jersey - 4.8%
	1,025	New Jersey Econ. Dev. Auth. Rev.,
		4.95%, 3/1/47		1,025,338
	2,000	New Jersey St. Gen. Oblig.,
		5.25%, 7/1/17, Ser. H		2,443,520
	1,000	New Jersey St. Tpk. Auth. Rev.,
		5.00%, 1/1/36, Ser. H		1,083,740
	2,000	New Jersey Trans. Trust Fund Auth. Rev.,
		5.25%, 12/15/22, Ser. A		2,486,860

				7,039,458

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

(UNAUDITED)

JANUARY 31, 2012


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


		New York - 6.3%
	$ 1,000	Albany Industrial Dev. Agy. Rev.,
		5.00%, 4/1/32, Ser. A	$	896,770
	800	Long Island Pwr. Auth. Elec. Sys. Rev.,
		5.00%, 12/1/35, Ser. B		836,032
	1,000	Metro. Trans. Auth. Rev.,
		5.25%, 11/15/31, Ser. A, FGIC / NRE		1,028,440
	1,000	New York City Mun. Wtr. Fin. Auth. Rev.,
		5.375%, 6/15/43, Ser. EE		1,143,540
	1,000	New York City Mun. Wtr. Fin. Auth. Rev.,
		5.50%, 6/15/43, Ser. EE		1,160,470
	1,500	New York St. Dorm. Auth. Rev.,
		7.25%, 10/1/28, Ser. C		1,920,105
	2,000	New York St. Dorm. Auth.
		St. Personal Inc. Tax Rev.,
		5.00%, 3/15/30, Ser. F		2,160,600

				9,145,957


		Ohio - 5.3%
	750	Deerfield Twp. Tax Increment Rev.,
		5.00%, 12/1/25		806,813
	1,000	Hamilton Elec. Sys. Rev.,
		4.60%, 10/15/20, Ser. A, AGM		1,100,090
	750	Ohio St. Air Quality Dev. Auth. Rev.,
		5.70%, 2/1/14, Ser. A		806,130
	500	Ohio St. Gen. Oblig.,
		5.00%, 9/1/30, Ser. A		583,400
	1,040	Ohio St. Tpk. Comm. Tpk. Rev.,
		5.00%, 2/15/31, Ser. A		1,170,187
	2,445	Ohio St. Wtr. Dev. Auth. Rev.,
		5.50%, 6/1/20, Ser. B, AGM		3,169,062

				7,635,682


		Pennsylvania - 7.1%
	2,000	Delaware Cnty. Auth. Rev.,
		5.00%, 6/1/21, Ser. A,
		Prerefunded 6/1/15 @ $100 (b)		2,278,000
	1,000	East Stroudsburg Area Sch. Dist. Gen. Oblig.,
		7.75%, 9/1/27, Ser. A, FGIC / NRE		1,277,190
	1,000	Pennsylvania Econ. Dev. Fin.
		Auth. Res. Recov. Rev.,
		4.625%, 12/1/18, Ser. F, AMBAC		988,410
	2,000	Pennsylvania St. Higher Ed. Facs. Auth. Rev.,
		5.00%, 6/15/28, Ser. AL		2,326,300
	1,020	Pennsylvania St. Tpk. Comm. Oil Franchise Tax Rev.,
		5.00%, 12/1/23, Ser. A-2, AGT		1,193,002
	2,000	Philadelphia Wtr. & Wastewtr. Rev.,
		5.00%, 1/1/41, Ser. A		2,161,160

				10,224,062


		Puerto Rico - 0.7%
	1,000	Puerto Rico Elec. Pwr. Auth. Rev.,
		5.00%, 7/1/25, Ser. PP, FGIC / NRE		1,029,290


		Rhode Island - 2.7%
	2,000	Rhode Island Hlth. & Edl. Bldg. Corp. Higher Ed. Facs. Rev.,
		5.00%, 9/1/37		2,206,340
	1,600	Rhode Island Hlth. & Edl. Bldg. Corp. Higher Ed. Facs. Rev.,
		5.00%, 11/1/41		1,710,688

				3,917,028


		South Carolina - 1.1%
	1,500	Spartanburg Waterworks Rev.,
		5.25%, 6/1/28,
		Prerefunded 6/1/14 @ $100 (b)		1,664,805


		Tennessee - 1.9%
	1,500	Tennessee Energy Acquisition Corp. Rev.,
		5.25%, 9/1/20, Ser. A		1,638,570
	1,000	Tennessee Energy Acquisition Corp. Rev.,
		5.25%, 9/1/21, Ser. A		1,088,770

				2,727,340

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

(UNAUDITED)

JANUARY 31, 2012


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


		Texas - 12.7%
	$ 1,000	Alliance Airport Auth. Inc. Rev.,
		4.85%, 4/1/21	$	1,074,630
	2,500	Bexar Met. Wtr. Dist. Waterworks Sys. Rev.,
		5.00%, 5/1/25, NRE		2,503,575
	1,000	Dallas Area Rapid Transit Rev.,
		5.25%, 12/1/48		1,099,430
	1,555	El Paso Wtr. & Swr. Rev.,
		5.50%, 3/1/12, Ser. A, AGM		1,561,966
	1,000	Everman Indep. Sch. Dist. Gen. Oblig.,
		5.00%, 2/15/36, PSF		1,113,230
	1,000	Houston Hotel Occupancy Tax & Spl Rev.,
		5.25%, 9/1/29, Ser. A		1,093,660
	1,000	Klein Indep. Sch. Dist. Gen. Oblig.,
		5.00%, 8/1/38, Ser. A, PSF		1,099,340
	2,000	Lower Colorado River Auth. Rev.,
		5.00%, 5/15/31, AGM		2,002,460
	1,970	McLennan Cnty. Pub. Fac. Corp. Proj. Rev.,
		6.625%, 6/1/35		2,155,082
	1,200	North Texas Twy. Auth. Rev.,
		5.75%, 1/1/40, Ser. A, BHAC		1,348,584
	1,975	Pharr-San Juan-Alamo Indep. Sch. Dist. Gen. Oblig.,
		5.50%, 2/1/33, PSF		2,235,700
	1,000	Spring Branch Indep. Sch. Dist. Gen. Oblig.,
		5.25%, 2/1/38, PSF		1,177,500

				18,465,157


		Utah - 1.5%
	1,000	Utah Trans. Auth. Sales Tax Rev.,
		5.00%, 6/15/32, Ser. A, AGM		1,131,290
	1,000	Utah Trans. Auth. Sales Tax Rev.,
		5.00%, 6/15/36, Ser. A, AGM		1,111,510

				2,242,800


		Virginia - 4.5%
	2,000	Virginia College Bldg. Auth. Rev.,
		5.00%, 2/1/23, Ser. E-1		2,583,400
	1,500	Virginia St. Hsg. Dev. Auth. Rev.,
		4.55%, 1/1/24		1,517,505
	2,050	Virginia St. Pub. Bldg. Auth. Rev.,
		5.00%, 8/1/29, Ser. B		2,395,466

				6,496,371


		Washington - 0.4%
	500	Energy Northwest Wind Proj. Rev.,
		4.75%, 7/1/21, NRE		528,445


		West Virginia - 1.0%
	1,500	Monongalia Cnty. Bldg. Comm.
		Hospital Rev.,
		5.00%, 7/1/30, Ser. A		1,518,720


		Wisconsin - 3.1%
	2,000	Wisconsin St. Gen. Rev.,
		6.00%, 5/1/33, Ser. A		2,408,460
	2,000	Wisconsin St. Hlth. & Edl. Facs. Auth. Rev.,
		6.50%, 4/15/33		2,056,940

				4,465,400


		Wyoming - 3.2%
	4,000	Wyoming St. Farm Loan Brd.
		Cap. Facs. Rev.,
		5.75%, 10/1/20		4,652,840

		Total long-term investments
		(Cost $185,979,722)		203,523,506

DTF TAX-FREE INCOME INC.

STATEMENT OF NET ASSETS — (Continued)

(UNAUDITED)

JANUARY 31, 2012



Shares

		SHORT-TERM INVESTMENT - 3.0%
	4,323	State Street Institutional Tax-Free
		Money Market Fund
		(Cost $4,322,804)	$	4,322,804



Total Investments - 143.3% (Cost $190,302,526)		207,846,310

Other assets in excess of liabilities - 1.5%		2,162,928

Liquidation value of remarketed preferred stock - (44.8%)		(65,000,000	)


Net Assets Applicable to Common Stock - 100.0%	$	145,009,238


Net asset value per share of common stock ($145,009,238 / 8,507,456)	$	17.04

(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 Corporation.

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.

(c)	Security is not registered under the Securities Act of 1933. These securities may be resold in transactions in accordance with Rule 144A to qualified institutional buyers. At January 31, 2012, such securities amounted to a value of $931,600 or 0.64% of net assets applicable to common stock.

(d)	Non-income producing security.

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.

DTF TAX-FREE INCOME INC.

NOTES TO STATEMENT OF NET ASSETS

(UNAUDITED)

JANUARY 31, 2012

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, 2012:


	Level 1		Level 2
Money Market Fund		$ 4,322,804		–
Municipal Bonds		–		$ 203,523,506

Total		$ 4,322,804		$ 203,523,506

There were no Level 3 priced securities held and there were no significant transfers between Level 1 and Level 2 during the quarter ended January 31, 2012.

Note 2. Federal Income Tax Information

At January 31, 2012, 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

$190,302,526

$18,976,723

($1,432,939)

$17,543,784

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 – Attached hereto.

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 20, 2012

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 20, 2012

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

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

Date		March 20, 2012