{"id":380139,"date":"2020-11-12T15:11:07","date_gmt":"2020-11-12T20:11:07","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=380139"},"modified":"2020-11-12T15:11:07","modified_gmt":"2020-11-12T20:11:07","slug":"franklin-limited-duration-income-trust-announces-sources-of-monthly-dividend-distribution-3","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-limited-duration-income-trust-announces-sources-of-monthly-dividend-distribution-3\/","title":{"rendered":"Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution<\/b><\/p>\n<p>SAN MATEO, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nThe Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0775 per common share payable November 13, 2020, to shareholders of record as of October 30, 2020. It is currently estimated that $0.0531 per share represents net investment income and $0.0244 per share represents return of principal.\n<\/p>\n<p>\nThe 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\u2019s 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\u2019s average NAV, divided by 12. Management will generally distribute amounts necessary to satisfy the Fund\u2019s 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\u2019s common shares, but there is no assurance that the plan will be successful in doing so.\n<\/p>\n<p>\nUnder 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\u2019s investment performance from the amount of the Fund\u2019s distributions or from the terms of the Fund\u2019s managed distribution plan.\n<\/p>\n<p>\nThe Board may amend the terms of the plan or terminate the plan at any time without prior notice to the Fund\u2019s shareholders. The amendment or termination of the plan could have an adverse effect on the market price of the Fund\u2019s 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.\n<\/p>\n<p>\nIn 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\u2019s dividend can only be made at year-end. The actual source amounts of all Fund dividends will be included in the Fund\u2019s annual or semiannual reports.\n<\/p>\n<p>\nIn addition, the tax treatment may differ from the accounting treatment used to calculate the source of the Fund\u2019s 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\u2019s tax situation is unique, please consult your tax advisor as to the appropriate treatment of Fund distributions.\n<\/p>\n<p>\nYou may request a copy of the Fund&#8217;s current Report to Shareholders by contacting Franklin Templeton\u2019s Fund Information Department at 1-800\/DIAL BEN\u00ae (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&#8217;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\u2019s 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&#8217;s investment decisions will produce the desired results. For portfolio management discussions, including information regarding the Fund\u2019s investment strategies, please view the most recent Annual or Semi-Annual Report to Shareholders which can be found at franklintempleton.com or sec.gov.\n<\/p>\n<p>\nFranklin 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\u2019s 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, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 70 years of investment experience and approximately $1.4 trillion in assets under management as of October 31, 2020. For more information, please visit franklintempleton.com.\n<\/p>\n<p><i>Copyright \u00a9 2020. Franklin Templeton. All rights reserved.<\/i><\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20201112006019r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20201112006019\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20201112006019\/en\/<\/a><\/span><\/p>\n<p>\nFranklin Templeton<br \/>\n<br \/>Shareholders\/Financial Advisors: (800) 342-5236\n<\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Banking Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution SAN MATEO, Calif.&#8211;(BUSINESS WIRE)&#8211; The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0775 per common share payable November 13, 2020, to shareholders of record as of October 30, 2020. It is currently estimated that $0.0531 per share represents net investment income and $0.0244 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\u2019s common shares. The Fund will calculate the average NAV from the previous month based on the number of &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-limited-duration-income-trust-announces-sources-of-monthly-dividend-distribution-3\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-380139","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-limited-duration-income-trust-announces-sources-of-monthly-dividend-distribution-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Franklin Limited Duration Income Trust Announces Sources of Monthly Dividend Distribution SAN MATEO, Calif.&#8211;(BUSINESS WIRE)&#8211; The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0775 per common share payable November 13, 2020, to shareholders of record as of October 30, 2020. It is currently estimated that $0.0531 per share represents net investment income and $0.0244 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\u2019s common shares. 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