Franklin Limited Duration Income Trust (“FTF” or the “Fund”) Announces Notification of Sources of Distributions
Franklin Duration Income Trust (FTF) announced its October 2024 distribution of $0.0615 per share, with sources comprising 74% from net investment income, 6% from short-term capital gains, and 20% from return of capital. For fiscal year 2024 to date, the total distribution of $0.5535 per share includes 65% from net investment income, 3% from short-term capital gains, and 32% from return of capital. The Fund reported a cumulative loss of $1.6242 per share in undistributed gains/losses, with $0.4691 representing unrealized portfolio depreciation. The Fund's five-year average annual total return is 3.10%, with a current annualized distribution rate of 10.39%.
Franklin Duration Income Trust (FTF) ha annunciato la distribuzione di ottobre 2024 di $0.0615 per azione, i cui fondi provengono per il 74% da reddito netto da investimenti, per il 6% da guadagni di capitale a breve termine e per il 20% dal rimborso di capitale. Fino ad oggi, per l'anno fiscale 2024, la distribuzione totale di $0.5535 per azione include il 65% da reddito netto da investimenti, il 3% da guadagni di capitale a breve termine e il 32% dal rimborso di capitale. Il Fondo ha registrato una perdita cumulativa di $1.6242 per azione in guadagni/perdite non distribuiti, con $0.4691 che rappresenta la deprezzamento del portafoglio non realizzato. Il rendimento totale medio annuale del Fondo negli ultimi cinque anni è del 3.10%, con un attuale tasso di distribuzione annualizzato del 10.39%.
Franklin Duration Income Trust (FTF) anunció su distribución de octubre de 2024 de $0.0615 por acción, con fuentes que comprenden el 74% de ingresos netos de inversión, el 6% de ganancias de capital a corto plazo y el 20% de retorno de capital. Hasta la fecha, para el año fiscal 2024, la distribución total de $0.5535 por acción incluye el 65% de ingresos netos de inversión, el 3% de ganancias de capital a corto plazo y el 32% de retorno de capital. El Fondo reportó una pérdida acumulada de $1.6242 por acción en ganancias/pérdidas no distribuidas, con $0.4691 representando la depreciación del portafolio no realizado. El rendimiento total anual promedio del Fondo en los últimos cinco años es del 3.10%, con una tasa de distribución anualizada actual del 10.39%.
프랭클린 듀레이션 인컴 트러스트 (FTF)는 2024년 10월 배당금을 $0.0615 주당으로 발표하였으며, 이 자원의 74%는 순투자 소득, 6%는 단기 자본 이익, 20%는 자본 반환에서 발생합니다. 2024 회계연도 현재까지 주당 총 배당금 $0.5535은 65%가 순투자 소득, 3%가 단기 자본 이익, 32%가 자본 반환에서 가져온 것입니다. 이 기금은 분배되지 않은 이익/손실에서 주당 $1.6242의 누적 손실을 보고했으며, $0.4691는 실현되지 않은 포트폴리오 감가상각을 나타냅니다. 이 기금의 최근 5년 평균 연간 총 수익률은 3.10%로, 현재 연간화된 배당률은 10.39%입니다.
Franklin Duration Income Trust (FTF) a annoncé sa distribution d'octobre 2024 d'un montant de $0.0615 par action, dont 74% provient de revenus nets d'investissement, 6% de gains en capital à court terme et 20% de remboursement de capital. Pour l'exercice fiscal 2024 à ce jour, la distribution totale de $0.5535 par action comprend 65% de revenus nets d'investissement, 3% de gains en capital à court terme et 32% de remboursement de capital. Le Fonds a signalé une perte cumulative de $1.6242 par action en gains/pertes non distribués, avec $0.4691 représentant la dépréciation non réalisée du portefeuille. Le rendement total annuel moyen du Fonds sur les cinq dernières années est de 3.10%, avec un taux de distribution annualisé actuel de 10.39%.
Franklin Duration Income Trust (FTF) gab die Verteilung für Oktober 2024 in Höhe von $0.0615 pro Aktie bekannt, wobei 74% aus Nettoanlageerträgen, 6% aus kurzfristigen Kapitalgewinnen und 20% aus Kapitalrückzahlung stammen. Im laufenden Geschäftsjahr 2024 umfasst die Gesamtausschüttung von $0.5535 pro Aktie 65% aus Nettoanlageerträgen, 3% aus kurzfristigen Kapitalgewinnen und 32% aus Kapitalrückzahlung. Der Fonds berichtete von einem kumulierten Verlust von $1.6242 pro Aktie aus nicht ausgeschütteten Gewinnen/Verlusten, wobei $0.4691 die nicht realisierte Portfoliodeprikation repräsentiert. Der durchschnittliche jährliche Gesamtertrag des Fonds in den letzten fünf Jahren beträgt 3.10%, wobei die aktuelle annualisierte Ausschüttungsrate 10.39% beträgt.
- Monthly fixed distribution of $0.0615 per share maintained
- 74% of current distribution comes from net investment income
- 10.39% annualized distribution rate
- 6.87% cumulative total return for the fiscal period
- Cumulative loss of $1.6242 per share in undistributed gains/losses
- $0.4691 per share in unrealized portfolio depreciation
- 32% of year-to-date distributions represent return of capital
- Relatively low 3.10% five-year average annual total return
Insights
This distribution notice reveals concerning capital structure dynamics for FTF. The fund has experienced a significant cumulative loss of
The fund's
Notification of Sources of Distributions Pursuant to Section 19(a) of the Investment Company Act of 1940
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The Fund’s estimated sources of the distribution to be paid on October 31, 2024 and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for October Monthly Distribution as of September 30, 2024:
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Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized
Long-Term Capital
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Return of
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Cumulative Estimated Allocations fiscal year-to-date as of September 30, 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
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The Fund has experienced a cumulative loss in undistributed net realized and unrealized capital gains and losses totaling
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 9/30/2024)1 |
Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 9/30/2024)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 9/30/2024)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 9/30/2024)4 |
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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 September 30, 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 September 30, 2024.
- Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 through September 30, 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 September 30, 2024), as a percentage of the Fund’s NAV as of September 30, 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
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For more information, please contact Franklin Templeton at 1-800-342-5236
Source: Franklin Templeton
FAQ
What is FTF's current monthly distribution amount per share?
What is FTF's annualized distribution rate as of September 30, 2024?
How much of FTF's October 2024 distribution comes from net investment income?
What is FTF's five-year average annual total return as of September 2024?
