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

Rhea-AI Summary

Franklin Universal Trust (NYSE: FT) has declared a monthly distribution of $0.0425 per share, payable on April 28, 2023, to shareholders on record as of April 20, 2023. This distribution reflects the Fund's focus on providing high, current income while aiming to preserve capital, with potential for growth through dividend increases.

However, shareholders are advised not to infer the Fund's investment performance from this distribution amount as past distributions do not predict future results. The actual distribution amounts for tax reporting will depend on the Fund’s performance throughout the fiscal year and may change due to tax regulations. A Form 1099-DIV will be provided for tax purposes.

Positive

• Monthly distribution of $0.0425 per share indicates steady income for shareholders.
• Fund aims for high current income and capital preservation.

Negative

• Distributions may vary, indicating potential uncertainty in future payouts.
• Shareholders may draw incorrect conclusions about investment performance based on current distributions.

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 April 28, 2023, to shareholders of record on April 20, 2023 (Ex-Dividend Date: April 19, 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 February 28, 2023. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230410005274/en/

Franklin Templeton, 1-800-342-5236

Source: Franklin Templeton

FAQ

When is the next dividend payment for Franklin Universal Trust (FT)?

The next dividend payment for Franklin Universal Trust (FT) is scheduled for April 28, 2023.

What is the amount of the latest distribution by Franklin Universal Trust (FT)?

The latest distribution by Franklin Universal Trust (FT) is $0.0425 per share.

What are the record and ex-dividend dates for Franklin Universal Trust (FT)?

The record date is April 20, 2023, and the ex-dividend date is April 19, 2023.

Is the distribution amount from Franklin Universal Trust (FT) indicative of future performance?

No, the distribution amount does not indicate future performance, as past distributions are not predictive.