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, scheduled for payment on February 28, 2023. Shareholders on record as of February 17, 2023 will receive this distribution, with an ex-dividend date of February 16, 2023. The Fund focuses on providing high current income while preserving capital, with hopes for income growth through dividend increases and capital appreciation. However, past distribution amounts do not indicate future income trends, and actual distribution amounts for tax purposes will vary based on the Fund's performance.

Positive

• Monthly distribution of $0.0425 per share indicates ongoing income generation.
• Emphasis on capital preservation along with potential for income growth.

Negative

• Distributions may vary, indicating possible uncertainty in future income.
• Past distributions are not indicative of future trends, raising income predictability concerns.

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 February 28, 2023, to shareholders of record on February 17, 2023 (Ex-Dividend Date: February 16, 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 December 31, 2022. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230207005927/en/

Franklin Templeton, 1-800-342-5236

Source: Franklin Templeton

FAQ

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

Franklin Universal Trust has announced a distribution of $0.0425 per share.

When is the ex-dividend date for Franklin Universal Trust's February distribution?

The ex-dividend date for the February distribution is February 16, 2023.

What are the primary objectives of Franklin Universal Trust (FT)?

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

When will shareholders receive the distribution from Franklin Universal Trust?

Shareholders will receive the distribution on February 28, 2023.

How does Franklin Universal Trust plan to grow income?

The fund aims to grow income through dividend increases and capital appreciation.