Franklin Limited Duration Income Trust Announces Monthly Distribution, Payable on January 31, 2024
December 18, 2023 at 09:02 am EST
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Franklin Limited Duration Income Trust announced that its Board has implemented a new managed distribution plan where the Fund will distribute a level distribution amount to shareholders. The Fund intends to distribute $0.0615 per share monthly which is an annualized distribution rate of 10.49% of NAV as of 11/30/2023. The new managed distribution plan will take effect with the distribution that will be payable on January 31, 2024, to shareholders of record on January 19, 2024 (Ex-dividend Date: January 18, 2024).
Previously, the Fund's monthly distribution was calculated at an annualized rate of 10% based on the prior month's average net asset value (NAV).
Franklin Limited Duration Income Trust (the Fund) is a closed-end management investment company. The Fund's primary objective is to provide high, current income, with a secondary objective of capital appreciation. The Fund invests in a diversified mix of fixed income securities, primarily high yield corporate bonds, floating-rate corporate loans and mortgage-and other asset-backed securities. It invests in various sectors, which include aerospace and defense, airlines, auto components, automobiles, banks, beverage, biotechnology, building products, capital markets, chemicals, commercial services and supplies, construction and engineering, containers and packaging, distributors, electric utilities, entertainment, insurance, media, metals and mining, Internet and direct marketing retail, information technology services, oil, gas and consumable fuels, paper and forest products, and wireless telecommunication services. The Fund's investment manager is Franklin Advisers, Inc.
FRANKLIN LIMITED DURATION INCOME TRUST 
