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

Rhea-AI Summary

Franklin Universal Trust announced a monthly distribution of $0.0425 per share, payable on May 31, 2024, to shareholders of record on May 17, 2024. The Fund aims to provide high, current income while preserving capital and seeks income growth through dividend increases and capital appreciation. Shareholders should not infer investment performance from distributions, as they may vary. The Fund will send a Form 1099-DIV for tax reporting purposes.

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 May 31, 2024, to shareholders of record on May 17, 2024 (Ex-Dividend Date: May 16, 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 March 31, 2024. For more information, please visit franklintempleton.com.

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Franklin Templeton, 1-800-342-5236

Source: Franklin Templeton

FAQ

What is the monthly distribution announced by Franklin Universal Trust?

Franklin Universal Trust announced a monthly distribution of $0.0425 per share, payable on May 31, 2024.

When will the distribution be paid to shareholders?

The distribution will be paid on May 31, 2024, to shareholders of record on May 17, 2024.

What are the primary investment objectives of Franklin Universal Trust?

The primary investment objectives are to provide high, current income while preserving capital.

What will shareholders receive for tax reporting purposes?

Shareholders will receive a Form 1099-DIV for tax reporting purposes.

What is Franklin Templeton's total assets under management as of March 31, 2024?

Franklin Templeton has over $1.6 trillion in assets under management as of March 31, 2024.