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, payable on October 31, 2022, for shareholders on record as of October 17, 2022. The Fund aims to provide high current income while preserving capital, with potential for growth through dividend increases and capital appreciation. Shareholders should not infer investment performance from the distribution amount, as actual distributions will depend on the Fund’s fiscal year investment performance.

Positive

• Monthly distribution of $0.0425 per share demonstrates ongoing commitment to providing income to investors.
• Fund’s objectives include both preservation of capital and income growth, which could attract income-focused investors.

Negative

• Monthly distributions may vary based on net investment income, indicating uncertainty in future payouts.
• Past distribution levels are not indicative of future performance, potentially leading to investor concerns about income sustainability.

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 October 31, 2022, to shareholders of record on October 17, 2022 (Ex-Dividend Date: October 14, 2022).

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 boutique specialization on a global scale, bringing extensive capabilities in equity, fixed income, multi-asset solutions and alternatives. With offices in more than 30 countries and approximately 1,300 investment professionals, the California-based company has 75 years of investment experience and approximately $1.4 trillion in assets under management as of August 31, 2022. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221007005509/en/

Franklin Templeton

1-800-342-5236.

Source: Franklin Templeton

FAQ

What is the distribution amount for Franklin Universal Trust in October 2022?

The distribution amount is $0.0425 per share.

When will the October 2022 distribution for Franklin Universal Trust be paid?

It will be paid on October 31, 2022.

What is the record date for the October 2022 distribution of Franklin Universal Trust?

The record date is October 17, 2022.

What are the investment objectives of Franklin Universal Trust?

The primary objective is to provide high current income while preserving capital, with a secondary goal of income growth.

Can shareholders rely on the current distribution amount for future performance?

No, shareholders should not infer future performance from the current distribution amount.