Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Distribution
08 August 2024 - 2:23AM
Business Wire
FRANKLIN LIMITED DURATION INCOME TRUST [NYSE American:
FTF] today announced a monthly distribution from net investment
income of $0.0615 per share, payable on August 30, 2024, to
shareholders of record on August 19, 2024 (Ex-Dividend Date: August
19, 2024).
The Fund’s Board of Trustees (the “Board”) has authorized a
managed distribution plan (the “Plan”) pursuant to which the Fund
makes monthly distributions to shareholders at the fixed rate of
$0.0615 per share. The Plan is intended to provide shareholders
with consistent distributions each month and is intended to narrow
the discount between the market price and the net asset value
(“NAV”) of the Fund’s common shares, but there can be no assurance
that the Plan will be successful in doing so. The Fund is managed
with a goal of generating as much of the distribution as possible
from net ordinary income and short-term capital gains, that is
consistent with the Fund’s investment strategy and risk profile. To
the extent that sufficient distributable 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 rate. A return of capital may occur, for example, when
some or all of the money that was invested in the Fund is paid back
to shareholders. A return of capital distribution does not
necessarily reflect the Fund’s investment performance and should
not be confused with “yield” or “income”. Even though the Fund may
realize current year capital gains, such gains may be offset, in
whole or in part, by the Fund’s capital loss carryovers from prior
years.
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 fixed rate to determine if an adjustment should be
made.
Shareholders should not draw any conclusions about the Fund’s
investment performance from the amount of the current distribution
or from the terms of the Plan. The amounts and sources of
distributions reported herein are only estimates and are not being
provided for tax reporting purposes. The actual amounts and sources
of the amounts for tax reporting purposes will depend upon the
Fund’s investment experience during the remainder of its fiscal
year and may be subject to changes based on tax regulations. The
Fund will send a Form 1099-DIV to shareholders for the calendar
year that will describe how to report the Fund’s distributions for
federal income tax purposes.
For further information on Franklin Limited
Duration Income Trust, please visit our web site at:
www.franklintempleton.com
Franklin Resources, Inc. is a global investment management
organization with subsidiaries operating as Franklin Templeton and
serving clients in over 150 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 offers
specialization on a global scale, bringing extensive capabilities
in fixed income, equity, alternatives and multi-asset solutions.
With more than 1,500 investment professionals, and offices in major
financial markets around the world, the California-based company
has over 75 years of investment experience and over $1.6 trillion
in assets under management as of June 30, 2024. For more
information, please visit franklintempleton.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240807873673/en/
For more information, please contact Franklin Templeton at
1-800-342-5236
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