Franklin Universal Trust (“FT” or the “Fund”) Announces Notification of Sources of Distributions

Rhea-AI Summary

Franklin Universal Trust (NYSE: FT) announced its estimated distribution sources for the monthly payment scheduled on November 15, 2021. The distribution per share is set at $0.0425, with 95% attributed to net investment income and 5% to net realized short-term capital gains. For the fiscal year-to-date ending September 30, 2021, the cumulative distribution remains at $0.0425 (100% from net investment income). Shareholders are advised that these estimates are not for tax reporting and will receive a Form 1099-DIV for accurate reporting.

Positive

• Estimated monthly distribution of $0.0425 per share, primarily sourced from net investment income.
• Average annual total return of 7.39% over the past five years.

Negative

• None.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Universal Trust [NYSE: FT]:

Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940

The Fund’s estimated sources of the distribution to be paid on November 15, 2021 and for the fiscal year 2022 year-to-date are as follows:

Estimated Allocations for Monthly Distribution as of October 31, 2021:

Distribution Per Share		Net Investment Income		Net Realized Short-Term Capital Gains		Net Realized Long-Term Capital Gains		Return of Capital
$0.0425		$0.0402 (95%)		$0.0023 (5%)		$0.00 (0%)		$0.0000 (0%)

Cumulative Estimated Allocations fiscal year-to-date through September 30, 2021, for the fiscal year ending August 31, 2022:

Distribution Per Share		Net Investment Income		Net Realized Short-Term Capital Gains		Net Realized Long-Term Capital Gains		Return of Capital
$0.0425		$0.0425 (100%)		$0.0000 (0%)		$0.00 (0%)		$0.0000 (0%)

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.

Average Annual Total Return (in relation to the change in net asset value (NAV) for the 5-year period ended on 9/30/2021)1	Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 9/30/2021)2	Cumulative Total Return (in relation to the change in NAV for the fiscal period through 9/30/2021)3	Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 9/30/2021)4
7.39%	5.88%	5.50%	0.49%

Fund Performance and Distribution Rate Information:

1. Average Annual Total Return in relation to NAV represents the compound average of the Annual NAV Total Returns of the Fund for the five-year period ended through September 30, 2021. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
2. The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through September 30, 2021.
3. Cumulative Total Return is the percentage change in the Fund’s NAV from August 31, 2021 through September 30, 2021, assuming reinvestment of distributions paid.
4. The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period August 31, 2021 through September 30, 2021, as a percentage of the Fund’s NAV as of September 30, 2021.

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.

For further information on Franklin Universal Trust, please visit our web site at: www.franklintempleton.com

Franklin Resources, Inc. [NYSE:BEN] is a global investment management organization with subsidiaries operating as Franklin Templeton and serving clients in over 165 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 brings 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 over 70 years of investment experience and over $1.5 trillion in assets under management as of October 31, 2021. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211112005829/en/

Franklin Templeton at 1-800-342-5236.

Source: Franklin Templeton

FAQ

What is the distribution amount for Franklin Universal Trust (FT) in November 2021?

The distribution amount for Franklin Universal Trust (FT) in November 2021 is $0.0425 per share.

What percentage of the November 2021 distribution for FT comes from net investment income?

95% of the November 2021 distribution for FT comes from net investment income.

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

The distribution payment date for Franklin Universal Trust (FT) is scheduled for November 15, 2021.

What was the cumulative distribution rate for FT as of September 30, 2021?

The cumulative distribution rate for FT as of September 30, 2021, was $0.0425 per share, sourced entirely from net investment income.