{"id":791154,"date":"2024-11-27T11:45:06","date_gmt":"2024-11-27T16:45:06","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-universal-trust-ft-or-the-fund-announces-notification-of-sources-of-distributions-23\/"},"modified":"2024-11-27T11:45:06","modified_gmt":"2024-11-27T16:45:06","slug":"franklin-universal-trust-ft-or-the-fund-announces-notification-of-sources-of-distributions-23","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-universal-trust-ft-or-the-fund-announces-notification-of-sources-of-distributions-23\/","title":{"rendered":"Franklin Universal Trust (\u201cFT\u201d or the \u201cFund\u201d) Announces Notification of Sources of Distributions"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwblockalignc { margin-left: auto; margin-right: auto }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwleftsingle { border-left: solid black 1pt }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadr0 { padding-right: 0px }\n.bwrightsingle { border-right: solid black 1pt }\n.bwrowaltcolor1 { background-color: #d3d3d3 }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwvertalignt { vertical-align: top }\n.bwwidth100 { width: 100% }\n.bwwidth20 { width: 20% }\n.bwwidth25 { width: 25% }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 Universal Trust (\u201cFT\u201d or the \u201cFund\u201d) Announces Notification of Sources of Distributions<\/b><\/p>\n<p>SAN MATEO, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nFranklin Universal Trust [NYSE: FT]:<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignc\">\n<tr>\n<td class=\"bwpadl0 bwrowaltcolor1\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Notification of Sources of Distributions<\/b><\/p>\n<p class=\"bwcellpmargin\"><b>Pursuant to Section 19(a) of the Investment Company Act of 1940<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nThe Fund\u2019s estimated sources of the distribution to be paid on November 29, 2024 and for the fiscal year 2024 year-to-date are as follows:<\/p>\n<p>\nEstimated Allocations for November Monthly Distribution as of October 31, 2024:<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDistribution Per Share<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet Investment Income<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet Realized Short-Term Capital Gains<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet Realized Long-Term Capital Gains<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nReturn of Capital<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.0425<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.0180 (42%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.00 (0%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.00 (0%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.0245 (58%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p>\nCumulative Estimated Allocations fiscal year-to-date as of October 31, 2024, for the fiscal year ending August 31, 2025:<\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nDistribution Per Share<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet Investment Income<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet Realized Short-Term Capital Gains<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nNet Realized Long-Term Capital Gains<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nReturn of Capital<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwpadl0 bwpadr0 bwvertalignb bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.0850<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.0440 (52%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.00 (0%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.00 (0%)<\/p>\n<\/td>\n<td class=\"bwvertalignt bwpadl0 bwalignl bwwidth20\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignl\">\n$0.0410 (48%)<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Shareholders should not draw any conclusions about the Fund\u2019s investment performance from the amount of the current distribution or from the terms of the Fund\u2019s Distribution Policy. FT estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the FT distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect FT\u2019s investment performance and should not be confused with \u2018yield\u2019 or \u2018income\u2019. 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\u2019s 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\u2019s distributions for federal income tax purposes.<\/b><\/p>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl bwwidth100\">\n<tr>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAverage Annual Total Return (in relation to the change in net asset value (NAV) for the 5- year period ended on 10\/31\/2024)<sup>1<\/sup><\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nAnnualized Distribution Rate (as a percentage of NAV for the current fiscal period through 10\/31\/2024)<sup>2<\/sup><\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCumulative Total Return (in relation to the change in NAV for the fiscal period through 10\/31\/2024)<sup>3<\/sup><\/p>\n<\/td>\n<td class=\"bwvertalignt bwtopsingle bwsinglebottom bwrightsingle bwpadl0 bwwidth25\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\">\nCumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 10\/31\/2024)<sup>4<\/sup><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwsinglebottom bwleftsingle bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n5.46%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n6.14%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n2.25%<\/p>\n<\/td>\n<td class=\"bwsinglebottom bwrightsingle bwpadl0 bwpadr0 bwvertalignb bwpadb3 bwwidth25 bwalignc\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin bwalignc\">\n1.02%<\/p>\n<\/td>\n<\/tr>\n<\/table>\n<table cellspacing=\"0\" class=\"bwtablemarginb bwblockalignl\">\n<tr>\n<td class=\"bwalignl bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>1<\/b><\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through October 31, 2024. Annual NAV Total Return is the percentage change in the Fund\u2019s NAV over a year, assuming reinvestment of distributions paid.<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwalignl bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>2<\/b><\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>The Annualized Distribution Rate is the current fiscal period\u2019s distribution rate annualized as a percentage of the Fund\u2019s NAV through October 31, 2024.<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwalignl bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>3<\/b><\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>Cumulative Total Return is the percentage change in the Fund\u2019s NAV from August 31, 2024 through October 31, 2024, assuming reinvestment of distributions paid.<\/b><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"bwalignl bwvertalignt\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwalignl bwcellpmargin\"><b>4<\/b><\/p>\n<\/td>\n<td rowspan=\"1\" colspan=\"1\" \/>\n<td class=\"bwvertalignt bwpadl0\" rowspan=\"1\" colspan=\"1\">\n<p class=\"bwcellpmargin\"><b>The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period August 31, 2024 through October 31, 2024, as a percentage of the Fund\u2019s NAV as of October 31, 2024.<\/b><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p><b>Fund Performance and Distribution Rate Information: <\/b>The Fund\u2019s primary investment objective is to provide high, current income consistent with preservation of capital. Its secondary objective is growth of income through dividend increases and capital appreciation. Distributions may vary based on the Fund\u2019s net investment income. Past distributions are not indicative of future trends.<\/p>\n<p class=\"bwalignc\"><b>For further information on Franklin Universal Trust, please visit our web site at: <\/b><a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.franklintempleton.com&amp;esheet=54158916&amp;newsitemid=20241127649540&amp;lan=en-US&amp;anchor=www.franklintempleton.com&amp;index=1&amp;md5=4c1fd588cdb0f32e256131fa83da30a1\"><b>www.franklintempleton.com<\/b><\/a><\/p>\n<p>\nFranklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 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 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 October 31, 2024. For more information, please visit franklintempleton.com.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20241127649540r1&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\/20241127649540\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20241127649540\/en\/<\/a><\/span><\/p>\n<p>\nFor more information, please contact Franklin Templeton at 1-800-342-5236<\/p>\n<p><b>KEYWORDS:<\/b> United States North America California<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Professional Services Finance<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Franklin Universal Trust (\u201cFT\u201d or the \u201cFund\u201d) Announces Notification of Sources of Distributions SAN MATEO, Calif.&#8211;(BUSINESS WIRE)&#8211; Franklin Universal Trust [NYSE: FT]: Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940 The Fund\u2019s estimated sources of the distribution to be paid on November 29, 2024 and for the fiscal year 2024 year-to-date are as follows: Estimated Allocations for November Monthly Distribution as of October 31, 2024: Distribution Per Share Net Investment Income Net Realized Short-Term Capital Gains Net Realized Long-Term Capital Gains Return of Capital $0.0425 $0.0180 (42%) $0.00 (0%) $0.00 (0%) $0.0245 (58%) Cumulative Estimated Allocations fiscal year-to-date as of October 31, 2024, for the fiscal year ending August 31, 2025: Distribution &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/franklin-universal-trust-ft-or-the-fund-announces-notification-of-sources-of-distributions-23\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Franklin Universal Trust (\u201cFT\u201d or the \u201cFund\u201d) Announces Notification of Sources of Distributions&#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-791154","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - 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