Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Notification of Sources of Distributions
Franklin Duration Income Trust (NYSE American: FTF) has announced its distribution sources for August 2024 and the fiscal year 2024 to date. The Fund's August monthly distribution of $0.0615 per share comprises 69% from net investment income and 31% from return of capital. Fiscal year-to-date, the cumulative distribution of $0.4305 per share includes 63% from net investment income, 4% from net realized short-term capital gains, and 33% from return of capital.
The Fund's performance metrics as of July 31, 2024, show an average annual total return of 2.78% over five years, an annualized distribution rate of 10.41%, and a cumulative total return of 4.89% for the fiscal period. FTF operates under a managed distribution plan, aiming to provide consistent monthly distributions and narrow the discount between market price and NAV.
Franklin Duration Income Trust (NYSE American: FTF) ha annunciato le sue fonti di distribuzione per agosto 2024 e per l'anno fiscale 2024 fino ad oggi. La distribuzione mensile di agosto del fondo è di $0.0615 per azione, di cui il 69% proviene da reddito da investimento netto e il 31% da restituzione di capitale. Fino ad oggi nell'anno fiscale, la distribuzione cumulativa di $0.4305 per azione include il 63% da reddito da investimento netto, il 4% da guadagni di capitale a breve termine realizzati e il 33% da restituzione di capitale.
I parametri di performance del fondo al 31 luglio 2024 mostrano un ritorno totale annuale medio del 2.78% su cinque anni, un tasso di distribuzione annualizzato del 10.41% e un ritorno totale cumulativo del 4.89% per il periodo fiscale. FTF opera sotto un piano di distribuzione gestita, mirando a fornire distribuzioni mensili coerenti e a ridurre il differenziale tra il prezzo di mercato e il NAV.
Franklin Duration Income Trust (NYSE American: FTF) ha anunciado sus fuentes de distribución para agosto de 2024 y para el año fiscal 2024 hasta la fecha. La distribución mensual de agosto del fondo es de $0.0615 por acción, de los cuales el 69% proviene de ingresos por inversiones netas y el 31% de la devolución de capital. Hasta la fecha en el año fiscal, la distribución acumulativa de $0.4305 por acción incluye el 63% de ingresos por inversiones netas, el 4% de ganancias de capital a corto plazo realizadas y el 33% de la devolución de capital.
Las métricas de rendimiento del fondo a fecha de 31 de julio de 2024 muestran un retorno total anual promedio del 2.78% en cinco años, una tasa de distribución anualizada del 10.41% y un retorno total acumulado del 4.89% para el período fiscal. FTF opera bajo un plan de distribución administrada, con el objetivo de proporcionar distribuciones mensuales consistentes y reducir la diferencia entre el precio de mercado y el NAV.
프랭클린 듀레이션 인컴 트러스트 (NYSE American: FTF)는 2024년 8월 및 2024 회계연도까지의 분배 원천을 발표했습니다. 이 펀드의 8월 월 배당금은 주당 $0.0615이며, 이 중 69%는 순 투자 수익에서, 31%는 자본 환급에서 나옵니다. 회계연도 누적으로, 주당 $0.4305의 누적 분배는 63%가 순 투자 수익에서, 4%는 실현된 단기 자본 이익에서, 33%는 자본 환급에서 비롯됩니다.
2024년 7월 31일 현재 펀드의 성과 지표는 5년 동안의 연평균 총 수익률이 2.78%이며, 연화한 분배율이 10.41%, 누적 총 수익률이 4.89%라는 것을 보여줍니다. FTF는 관리된 분배 계획 하에 운영되며, 일관된 월별 분배를 제공하고 시장 가격과 NAV 간의 할인폭을 줄이는 것을 목표로 합니다.
Franklin Duration Income Trust (NYSE American: FTF) a annoncé ses sources de distribution pour août 2024 et pour l'année fiscale 2024 à ce jour. La distribución mensuelle d'août du fonds s'élève à 0.0615 $ par action, dont 69 % proviennent de revenus d'investissement nets et 31 % de retour de capital. Depuis le début de l'année fiscale, la distribution cumulée de 0.4305 $ par action comprend 63 % de revenus d'investissement nets, 4 % de gains en capital à court terme réalisés et 33 % de retour de capital.
Les performances du fonds au 31 juillet 2024 affichent un rendement total annuel moyen de 2.78 % sur cinq ans, un taux de distribution annualisé de 10.41 % et un rendement total cumulé de 4.89 % pour la période fiscale. FTF fonctionne dans le cadre d’un plan de distribution géré, visant à fournir des distributions mensuelles constantes et à réduire l'écart entre le prix du marché et la NAV.
Franklin Duration Income Trust (NYSE American: FTF) hat seine Verteilungsquellen für August 2024 und das bis zum heutigen Datum laufende Geschäftsjahr bekannt gegeben. Die monatliche Verteilung für August des Fonds beträgt $0.0615 pro Aktie, von denen 69% aus Nettoanlageerträgen und 31% aus Kapitalrückzahlungen stammen. Das laufende Geschäftsjahr bis heute hat eine kumulierte Ausschüttung von $0.4305 pro Aktie, die 63% aus Nettoanlageerträgen, 4% aus realisierten kurzfristigen Kapitalgewinnen und 33% aus Kapitalrückgaben umfasst.
Die Leistungskennzahlen des Fonds zum 31. Juli 2024 zeigen eine durchschnittliche jährliche Gesamtrendite von 2.78% über fünf Jahre, eine annualisierte Ausschüttungsquote von 10.41% und eine kumulative Gesamtrendite von 4.89% für den Rechnungszeitraum. FTF arbeitet unter einem verwalteten Ausschüttungsplan, der darauf abzielt, konsistente monatliche Ausschüttungen anzubieten und die Diskrepanz zwischen Marktpreis und NAV zu verringern.
- Consistent monthly distribution of $0.0615 per share
- Annualized distribution rate of 10.41% as of July 31, 2024
- Cumulative total return of 4.89% for the fiscal period through July 31, 2024
- 33% of year-to-date distributions classified as return of capital
- Average annual total return of only 2.78% over the 5-year period ended July 31, 2024
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 August 30, 2024 and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for August Monthly Distribution as of July 31, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
||||
|
|
|
|
|
Cumulative Estimated Allocations fiscal year-to-date as of July 31, 2024, for the fiscal year ending December 31, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
||||
|
|
|
|
|
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 Plan. FTF estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the FTF distribution to shareholders may be a return of capital. A return of capital may occur, for example, when some or all of the money that a shareholder invested in a Fund is paid back to them. A return of capital distribution does not necessarily reflect FTF’s investment performance and should not be confused with ‘yield’ or ‘income’. 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 7/31/2024)1 |
Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 7/31/2024)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 7/31/2024)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 7/31/2024)4 |
|
|
|
|
Fund Performance and Distribution Rate Information:
- 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 July 31, 2024. Annual NAV Total Return is the percentage change in the Fund’s NAV over a year, assuming reinvestment of distributions paid.
- The Annualized Distribution Rate is the current fiscal period’s distribution rate annualized as a percentage of the Fund’s NAV through July 31, 2024.
- Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 through July 31, 2024, assuming reinvestment of distributions paid.
- The Cumulative Fiscal Year-To-Date Distribution Rate is the dollar value of distributions for the fiscal period (December 31, 2023 through July 31, 2024), as a percentage of the Fund’s NAV as of July 31, 2024.
The Fund’s Board of Trustees (the “Board”) has authorized a managed distribution plan (the “Plan”) pursuant to which the Fund makes monthly distributions to shareholders at the fixed rate of
The Board may amend the terms of the Plan or terminate the Plan at any time without prior notice to the Fund’s shareholders. The amendment or termination of the Plan could have an adverse effect on the market price of the Fund’s common shares. The Plan will be subject to the periodic review by the Board, including a yearly review of the fixed rate to determine if an adjustment should be made.
For further information on Franklin Limited Duration Income 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 150 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 more than 1,500 investment professionals, and offices in major financial markets around the world, the
View source version on businesswire.com: https://www.businesswire.com/news/home/20240829150766/en/
For more information, please contact Franklin Templeton at 1-800-342-5236
Source: Franklin Templeton
FAQ
What is the monthly distribution amount for Franklin Duration Income Trust (FTF)?
How much of FTF's August 2024 distribution comes from net investment income?
What is the annualized distribution rate for FTF as of July 31, 2024?
What is FTF's average annual total return for the 5-year period ended July 31, 2024?
