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

Rhea-AI Summary

Franklin Universal Trust (NYSE: FT) announced its estimated sources of distribution for the monthly payment on October 31, 2022. Each share will receive $0.0425, derived entirely from net investment income. Year-to-date cumulative distributions remain at $0.0425 per share. The Fund aims to provide high current income with capital preservation, while the average annual total return over the past five years was 3.06%. Shareholders are advised that distribution amounts are estimates and subject to change.

Positive

• Monthly distribution of $0.0425 per share entirely from net investment income.
• Average annual total return of 3.06% over the past five years.

Negative

• Cumulative total return is down 8.51% for the fiscal period through September 30, 2022.

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 October 31, 2022 and for the fiscal year 2023 year-to-date are as follows:

Estimated Allocations for October Monthly Distribution as of September 30, 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%)		$0.0000 (0%)		$0.000 (0%)

Cumulative Estimated Allocations fiscal year-to-date as of September 30, 2022, for the fiscal year ending August 31, 2023:

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%)		$0.0000 (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 09/30/2022)1	Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 09/30/2022)2	Cumulative Total Return (in relation to the change in NAV for the fiscal period through 09/30/2022)3	Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 09/30/2022)4
3.06%	6.94%	-8.51%	0.58%

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, 2022. 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, 2022.
3. Cumulative Total Return is the percentage change in the Fund’s NAV from August 31, 2022 through September 30, 2022, 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, 2022 through September, 2022, as a percentage of the Fund’s NAV as of September 30, 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.

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 $1.3 trillion in assets under management as of September 30, 2022. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221028005397/en/

Franklin Templeton, 1-800-342-5236

Source: Franklin Templeton

FAQ

What is the distribution payment for Franklin Universal Trust on October 31, 2022?

Franklin Universal Trust will pay a distribution of $0.0425 per share on October 31, 2022.

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

100% of the distribution of $0.0425 per share comes from net investment income.

What was the average annual total return for Franklin Universal Trust over the last five years?

The average annual total return for Franklin Universal Trust over the last five years was 3.06%.

What is the cumulative total return for FT as of September 30, 2022?

The cumulative total return for Franklin Universal Trust is down 8.51% for the fiscal period through September 30, 2022.

When will Franklin Universal Trust send tax forms to shareholders?

Franklin Universal Trust will send out Form 1099-DIV to shareholders to describe how to report distributions for federal tax purposes.