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 July 31, 2024, to shareholders of record on July 18, 2024. The Fund aims to provide high current income while preserving capital, with a secondary objective of income growth through dividend increases and capital appreciation.

Distributions may vary and past distributions are not indicative of future trends. The distribution's tax reporting details will be provided with a Form 1099-DIV. Franklin Universal Trust is part of Franklin Templeton, a global investment management firm with $1.6 trillion in assets under management as of May 31, 2024.

Positive

• Announcement of a monthly distribution of $0.0425 per share, payable on July 31, 2024.
• Objectives of high current income and preservation of capital with secondary income growth through dividends and capital appreciation.

Negative

• Distribution amounts are estimates and may vary, not indicative of future trends.

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 July 31, 2024, to shareholders of record on July 18, 2024 (Ex-Dividend Date: July 18, 2024).

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 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 May 31, 2024. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240708768386/en/

Franklin Templeton

1-800-342-5236

Source: Franklin Templeton

FAQ

What is the distribution amount announced by Franklin Universal Trust (FT) for July 2024?

The announced distribution amount is $0.0425 per share, payable on July 31, 2024.

When is the record date for Franklin Universal Trust's (FT) July 2024 distribution?

The record date for the distribution is July 18, 2024.

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

The Fund's primary objective is to provide high current income consistent with the preservation of capital. The secondary objective is income growth through dividend increases and capital appreciation.

When will Franklin Universal Trust (FT) send the Form 1099-DIV for tax reporting?

The Fund will send a Form 1099-DIV to shareholders for the calendar year outlining how to report the distributions for federal income tax purposes.

What should shareholders understand about the distribution policy of Franklin Universal Trust (FT)?

Shareholders should note that distributions may vary based on the Fund’s net investment income, and past distributions are not indicative of future trends.