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Stock impact report

Franklin Limited Duration Income Trust Declares Monthly Distribution

Franklin Limited Duration Income Trust Common Shares of Beneficial Interest (FTF) 
Company Research Source: GlobeNewswire
SAN MATEO, Calif., Aug. 20, 2019 (GLOBE NEWSWIRE) -- Franklin Limited Duration Income Trust [NYSE American:FTF], a closed-end investment company managed by Franklin Advisers, Inc., announced today a distribution of $0.0858 per common share, payable September 13, 2019, to shareholders of record on August 30, 2019 (Ex-Dividend Date: August 29, 2019).  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’s 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’s average NAV, divided by 12. Management will generally distribute amounts necessary to satisfy the Fund’s plan and the requirements prescribed by excise tax rules and Subchapter M of the Int Show less Read more
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