Franklin Templeton Investments

Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of Distributions

Retrieved on: 
Thursday, December 28, 2023

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points: 
  • Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
  • The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through November 30, 2023.
  • Cumulative Total Return is the percentage change in the Fund’s NAV from August 31, 2023 through November 30, 2023, assuming reinvestment of distributions paid.
  • Franklin Templeton’s mission is to help clients achieve better outcomes through investment management expertise, wealth management and technology solutions.

Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Notification of Sources of Distributions

Retrieved on: 
Thursday, December 28, 2023

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points: 
  • Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
  • The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through November 30, 2023.
  • Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2022 through November 30, 2023, assuming reinvestment of distributions paid.
  • 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.

Templeton Emerging Markets Income Fund (“TEI” or the “Fund”) Announces Notification of Sources of Distributions

Retrieved on: 
Thursday, December 28, 2023

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points: 
  • Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
  • The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through November 30, 2023.
  • Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2022 through November 30, 2023, assuming reinvestment of distributions paid.
  • For further information on Templeton Emerging Markets Income Fund, 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.

Templeton Global Income Fund (“GIM” or the “Fund”) Announces Notification of Sources of Distributions

Retrieved on: 
Thursday, December 28, 2023

Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.

Key Points: 
  • Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
  • The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through November 30, 2023.
  • Cumulative Total Return is the percentage change in the Fund’s NAV from October 31, 2023 through November 30, 2023, assuming reinvestment of distributions paid.
  • For further information on Templeton Global Income Fund, 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.

Templeton Dragon Fund, Inc. (“TDF”) Announces Final Results of Tender Offer

Retrieved on: 
Wednesday, December 27, 2023

International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility.

Key Points: 
  • International investments are subject to special risks, including currency fluctuations and social, economic and political uncertainties, which could increase volatility.
  • The Fund is actively managed, but there is no guarantee that the manager's investment decisions will produce the desired results.
  • Unlike a mutual fund, the market price for a closed-end fund is based on supply and demand, not the fund's NAV.
  • Franklin Resources, Inc. is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 150 countries.

Templeton Dragon Fund, Inc. (“TDF”) Announces Expiration of Self-Tender Offer

Retrieved on: 
Thursday, December 21, 2023

The tender offer expired at 5:00 p.m. New York City time, on Wednesday, December 20, 2023.

Key Points: 
  • The tender offer expired at 5:00 p.m. New York City time, on Wednesday, December 20, 2023.
  • Based on current information, approximately 23,989,011 common shares, or approximately 70.96% of the Fund’s common shares outstanding, were tendered through the expiration date.
  • The final number of shares validly tendered and accepted pursuant to the tender offer will be announced at a later date.
  • Payment for shares tendered and accepted is expected to be sent to tendering shareholders within approximately 5 business days after the expiration date.

Franklin Limited Duration Income Trust (“FTF”) Announces Change to Managed Distribution Plan

Retrieved on: 
Monday, December 18, 2023

FRANKLIN LIMITED DURATION INCOME TRUST (NYSE: FTF) (the “Fund”), a closed-end investment company, announced today that its Board has implemented a new managed distribution plan where the Fund will distribute a level distribution amount to shareholders.

Key Points: 
  • FRANKLIN LIMITED DURATION INCOME TRUST (NYSE: FTF) (the “Fund”), a closed-end investment company, announced today that its Board has implemented a new managed distribution plan where the Fund will distribute a level distribution amount to shareholders.
  • The new managed distribution plan will take effect with the distribution that will be payable on January 31, 2024, to shareholders of record on January 19, 2024 (Ex-dividend Date: January 18, 2024).
  • Previously, the Fund’s monthly distribution was calculated at an annualized rate of 10% based on the prior month’s average net asset value (NAV).
  • The Board believes that paying a level distribution provides greater consistency to investors and may help how the Fund trades relative to its NAV.

Templeton Emerging Markets Income Fund (“TEI”) Announces Change to Managed Distribution Plan

Retrieved on: 
Monday, December 18, 2023

TEMPLETON EMERGING MARKETS INCOME FUND (NYSE: TEI) (the “Fund”), a closed-end investment company managed by Templeton Asset Management Ltd. (“TAML”), announced today that its Board has implemented a new managed distribution plan where the Fund will distribute a level distribution amount to shareholders.

Key Points: 
  • TEMPLETON EMERGING MARKETS INCOME FUND (NYSE: TEI) (the “Fund”), a closed-end investment company managed by Templeton Asset Management Ltd. (“TAML”), announced today that its Board has implemented a new managed distribution plan where the Fund will distribute a level distribution amount to shareholders.
  • The Fund intends to distribute $0.0475 per share monthly which is an annualized distribution rate of 10.10% based on the NAV as of 11/30/2023.
  • The new managed distribution plan will take effect with the distribution that will be payable on January 31, 2024, to shareholders of record on January 19, 2024 (Ex-dividend Date: January 18, 2024).
  • The Board believes that paying a level distribution provides greater consistency to investors and may help how the Fund trades relative to its NAV.

Fiduciary Trust International’s Board of Directors Elevates Senior Executives

Retrieved on: 
Tuesday, December 12, 2023

Mr. Todd joined Fiduciary Trust International in January 2020, and was elevated to head of regional markets in November 2021 .

Key Points: 
  • Mr. Todd joined Fiduciary Trust International in January 2020, and was elevated to head of regional markets in November 2021 .
  • Mr. Todd also serves on Fiduciary Trust International’s operating, management, and executive committees, and on the management committee of the parent company, Franklin Templeton.
  • Ms. Bohner joined Fiduciary Trust International in 2020 as a result of the firm’s acquisition of Pennsylvania Trust Company and has been a vital leader in strengthening fiduciary standards and practices across the firm.
  • Mr. Richards will continue to manage the coordination of Fiduciary Trust International’s delivery of sophisticated wealth management services to its clients.

Franklin Resources, Inc. Announces Month-End Assets Under Management

Retrieved on: 
Monday, December 11, 2023

Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.41 trillion at November 30, 2023, compared to $1.33 trillion at October 31, 2023.

Key Points: 
  • Franklin Resources, Inc. (Franklin Templeton) (NYSE: BEN) today reported preliminary month-end assets under management (AUM) of $1.41 trillion at November 30, 2023, compared to $1.33 trillion at October 31, 2023.
  • This month’s increase in AUM reflected the impact of positive markets and flat long-term net outflows.