Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Notification of Sources of Distributions
30 Maio 2024 - 2:23PM
Business Wire
Franklin Limited Duration Income Trust [NYSE
American: FTF]:
Notification of Sources of
Distributions Pursuant to Section 19(a) of the Investment
Company Act of 1940
The Fund’s estimated sources of the distribution to be paid on
May 31, 2024 and for the fiscal year 2024 year-to-date are as
follows:
Estimated Allocations for May Monthly Distribution as of April
30, 2024:
Distribution Per Share
Net Investment Income
Net Realized Short-Term Capital
Gains
Net Realized Long-Term Capital Gains
Return of Capital
$0.0615
$0.0409 (67%)
$0.00 (0%)
$0.00 (0%)
$0.0206 (33%)
Cumulative Estimated Allocations fiscal year-to-date as of April
30, 2024, for the fiscal year ending December 31, 2024:
Distribution Per Share
Net Investment Income
Net Realized Short-Term Capital Gains
Net Realized Long-Term Capital Gains
Return of Capital
$0.2460
$0.1432 (58%)
$0.0170 (7%)
$0.00 (0%)
$0.0858 (35%)
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 Fund’s Plan. FTF estimates that it has
distributed more than its income and net realized capital gains;
therefore, a portion of the FTF 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 FTF’s investment performance and should not be
confused with ‘yield’ or ‘income’. 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.
Average Annual Total Return (in relation
to the change in net asset value (NAV) for the 5- year period ended
on 4/30/2024)1
Annualized Distribution Rate (as a
percentage of NAV for the current fiscal period through
4/30/2024)2
Cumulative Total Return (in relation to
the change in NAV for the fiscal period through 4/30/2024)3
Cumulative Fiscal Year-To-Date
Distribution Rate (as a percentage of NAV as of 4/30/2024)4
2.25%
10.47%
1.63%
3.49%
Fund Performance and Distribution Rate Information:
- 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 April 30, 2024. 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 April 30, 2024.
- Cumulative Total Return is the percentage change in the
Fund’s NAV from December 31, 2023 through April 30, 2024, assuming
reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the
dollar value of distributions for the fiscal period (December 31,
2023 through April 30, 2024), as a percentage of the Fund’s NAV as
of April 30, 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.
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 April 30, 2024. For more
information, please visit franklintempleton.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240530728062/en/
For more information, please contact Franklin Templeton at
1-800-342-5236.
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