Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nyse  >  Franklin Universal Trust    FT


SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector news

Franklin Universal Trust : Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution

10/14/2020 | 04:45pm EST
Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution
From Franklin Templeton
contact Franklin Templeton
Telephone (800) 342-5236

San Mateo, CA, October 14, 2020 - The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0776 per common share payable October 15, 2020, to shareholders of record as of September 30, 2020. It is currently estimated that $0.0392 per share represents net investment income and $0.0384 per share represents return of principal.

The Fund adopted a managed distribution plan and will make monthly distributions to common shareholders at an annual minimum fixed rate of 10 percent, based on the average monthly net asset value (NAV) of the Fund's common shares. The Fund will calculate the average NAV from the previous month based on the number of business days in that month on which the NAV is calculated. The distribution will be calculated as 10 percent of the previous month's average NAV, divided by 12. Management will generally distribute amounts necessary to satisfy the Fund's plan and the requirements prescribed by excise tax rules and Subchapter M of the Internal Revenue Code. The plan is intended to provide shareholders with a constant, but not guaranteed, fixed minimum rate of distribution each month and is intended to narrow the discount between the market price and the NAV of the Fund's common shares, but there is no assurance that the plan will be successful in doing so.

Under the managed distribution plan, to the extent that sufficient investment income is not available on a monthly basis, the Fund will distribute long-term capital gains and/or return of capital in order to maintain its managed distribution level. No conclusions should be drawn about the Fund's investment performance from the amount of the Fund's distributions or from the terms of the Fund's managed distribution plan.

The Board may amend the terms of the plan or terminate the plan at any time without prior notice to the Fund's shareholders. The amendment or termination of the plan could have an adverse effect on the market price of the Fund's common shares. The plan will be subject to the periodic review by the Board, including a yearly review of the annual minimum fixed rate to determine if an adjustment should be made.

In compliance with Rule 19a-1 of the Investment Company Act of 1940, shareholders will receive a notice that details the source of income for each dividend, such as net investment income, gain from the sale of securities and return of principal. Please note: Determination of the actual source of the Fund's dividend can only be made at year-end. The actual source amounts of all Fund dividends will be included in the Fund's annual or semiannual reports.

In addition, the tax treatment may differ from the accounting treatment used to calculate the source of the Fund's dividends as shown on your statement. Please refer to your Form 1099-DIV for the character and amount of distributions for income tax reporting purposes. Since each shareholder's tax situation is unique, please consult your tax advisor as to the appropriate treatment of Fund distributions.

You may request a copy of the Fund's current Report to Shareholders by contacting Franklin Templeton's Fund Information Department at 1-800/DIAL BEN® (1-800-342-5236) or by visiting franklintempleton.com. All investments involve risks, including possible loss of principal. Interest rate movements and mortgage prepayments will affect the Fund's share price and yield. Bond prices generally move in the opposite direction of interest rates. As the prices of bonds in a fund adjust to a rise in interest rates, the fund's share price may decline. Investments in lower-rated bonds include higher risk of default and loss of principal. The Fund is actively managed but there is no guarantee that the manager's investment decisions will produce the desired results. For portfolio management discussions, including information regarding the Fund's investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries. Franklin Templeton's mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions. Through its specialist investment managers, the company brings extensive capabilities in equity, fixed income, alternatives and custom multi-asset solutions. With offices in over 30 countries and 1,300 investment professionals, the California-based company has more than 70 years of investment experience and approximately $1.4 trillion in assets under management as of September 30, 2020. For more information, please visit franklintempleton.com.


Franklin Universal Trust published this content on 14 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 14 October 2020 20:44:04 UTC

© Publicnow 2020
11/20FRANKLIN UNIVERSAL TRUST : Declares Monthly Distribution
11/20FRANKLIN UNIVERSAL TRUST : Limited Duration Income Trust Declares Monthly Distri..
11/13FRANKLIN UNIVERSAL TRUST : Limited Duration Income Trust Announces Sources of Mo..
11/02FRANKLIN UNIVERSAL TRUST : Templeton Emerging Markets Income Fund (“TEI&rd..
11/02FRANKLIN UNIVERSAL TRUST : Templeton Global Income Fund (“GIM”) Anno..
10/22FRANKLIN UNIVERSAL TRUST : Fund Fact Sheet - Advisor
10/22FRANKLIN UNIVERSAL TRUST : Fund Fact Sheet - A, C
10/20FRANKLIN UNIVERSAL TRUST : Limited Duration Income Trust Declares Monthly Distri..
10/14FRANKLIN UNIVERSAL TRUST : Limited Duration Income Trust Announces Sources of Mo..
10/02FRANKLIN UNIVERSAL TRUST : Templeton Emerging Markets Income Fund (“TEI&rd..
More news
Financials (USD)
Sales 2020 15,5 M - -
Net income 2020 -1,51 M - -
Net Debt 2020 63,9 M - -
P/E ratio 2020 -116x
Yield 2020 5,50%
Capitalization 184 M 184 M -
EV / Sales 2019 17,1x
EV / Sales 2020 15,5x
Nbr of Employees -
Free-Float 100,0%
Duration : Period :
Franklin Universal Trust Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends FRANKLIN UNIVERSAL TRUST
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 1
Average target price
Last Close Price 7,31 
Spread / Highest target -
Spread / Average Target -
Spread / Lowest Target -
Rupert Harris Johnson Chairman & Senior Vice President
Gaston R. Gardey Chief Financial & Accounting Officer
Harris J. Ashton Independent Trustee
Edith E. Holiday Independent Trustee
Larry D. Thompson Independent Trustee
Sector and Competitors