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

Rhea-AI Summary

Franklin Universal Trust (NYSE: FT) announced a total distribution of $0.1037 per share, effective December 30, 2022. This distribution includes $0.0425 from net investment income and $0.0612 from long-term capital gains. Shareholders of record by December 19, 2022 will receive this payment, with the ex-dividend date set for December 16, 2022. The fund aims to provide high current income while preserving capital, and past distributions are not predictive of future performance.

Positive

• Total distribution of $0.1037 per share signals ongoing income for shareholders.
• Well-defined investment objective focused on high current income and preservation of capital.

Negative

• Distributions may vary based on fund performance, indicating potential uncertainty.
• Past distributions are not indicative of future trends, suggesting risk for investors.

SAN MATEO, Calif.--(BUSINESS WIRE)-- Franklin Universal Trust [NYSE: FT] today announced a total distribution of $0.1037 comprised of net investment income of $0.0425 per share, short-term capital gains of $0.0000 per share and long-term capital gains of $0.0612 per share, payable on December 30, 2022, to shareholders of record on December 19, 2022 (Ex-Dividend Date: December 16, 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.

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 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 October 31, 2022. For more information, please visit franklintempleton.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221207005781/en/

Franklin Templeton

1-800-342-5236

Source: Franklin Templeton

FAQ

What is the total distribution announced by Franklin Universal Trust (FT)?

The total distribution announced is $0.1037 per share.

When will the distribution for Franklin Universal Trust (FT) be paid?

The distribution will be paid on December 30, 2022.

What are the components of the $0.1037 distribution for FT?

The distribution includes $0.0425 from net investment income and $0.0612 from long-term capital gains.

What is the ex-dividend date for Franklin Universal Trust (FT)?

The ex-dividend date is December 16, 2022.

When is the record date for shareholders of Franklin Universal Trust (FT)?

The record date is December 19, 2022.