Franklin Universal Trust (“FT” or the “Fund”) Announces Distribution

Rhea-AI Summary

Franklin Universal Trust (NYSE: FT) announced a monthly distribution of $0.0425 per share from net investment income, payable on March 31, 2023. Shareholders of record by March 17, 2023 will receive this payment, with an ex-dividend date of March 16, 2023. The Fund aims to provide high current income while preserving capital and seeks income growth through dividend increases and capital appreciation.

Distributions are subject to variation based on the Fund’s net investment income, and past distributions do not predict future results. Tax reporting may differ based on investment experience and regulatory changes.

Positive

• Monthly distribution of $0.0425 per share indicates ongoing income generation.
• Focus on high current income suggests a commitment to investor returns.
• The Fund has a strategic aim of preserving capital and increasing dividends.

Negative

• Distributions may vary, implying potential uncertainty in future payments.
• Past distributions do not guarantee future performance, highlighting inherent risks.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Universal Trust [NYSE: FT] today announced a monthly distribution from net investment income of $0.0425 per share, payable on March 31, 2023, to shareholders of record on March 17, 2023 (Ex-Dividend Date: March 16, 2023).

The Fund’s 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’s net investment income. Past distributions are not indicative of future trends.

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 distribution policy. 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.

For further information on Franklin Universal 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 155 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 offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has over 75 years of investment experience and approximately $1.4 trillion in assets under management as of January 31, 2023. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230307005904/en/

Franklin Templeton

1-800-342-5236

Source: Franklin Templeton

FAQ

What is the monthly distribution amount announced by Franklin Universal Trust (FT)?

Franklin Universal Trust (FT) announced a monthly distribution of $0.0425 per share.

When is the payment date for the latest distribution from Franklin Universal Trust (FT)?

The payment date for the latest distribution is March 31, 2023.

What is the record date for shareholders to receive the distribution from FT?

The record date for shareholders to receive the distribution is March 17, 2023.

What is the ex-dividend date for Franklin Universal Trust (FT)?

The ex-dividend date for Franklin Universal Trust (FT) is March 16, 2023.

What are the investment objectives of Franklin Universal Trust (FT)?

The primary investment objective is to provide high current income while preserving capital, with a secondary objective of income growth through dividend increases and capital appreciation.