Franklin Limited Duration Income Trust Declares Monthly Distribution
Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0786 per common share, payable February 12, 2021, to shareholders of record on January 29, 2021 (Ex-Dividend Date: January 28, 2021).
- Franklin Limited Duration Income Trust [NYSE American: FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0786 per common share, payable February 12, 2021, to shareholders of record on January 29, 2021 (Ex-Dividend Date: January 28, 2021).
- 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 Funds common shares.
- 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.
- Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 countries.