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 July 31, 2024, and fiscal year 2024 to date. The Fund's July distribution of $0.0615 per share comprises 67% net investment income and 33% return of capital. For the fiscal year-to-date, the $0.3690 per share distribution includes 63% net investment income, 5% net realized short-term capital gains, and 32% return of capital.
The Fund's 5-year average annual total return is 2.62%, with a current annualized distribution rate of 10.45%. The Board has authorized a managed distribution plan at a fixed rate of $0.0615 per share monthly, aiming to narrow the discount between market price and NAV. However, the Fund estimates it has distributed more than its income and net realized capital gains, resulting in a portion being a return of capital.
Franklin Duration Income Trust (NYSE American: FTF) ha annunciato le sue fonti di distribuzione per il 31 luglio 2024 e per l'anno fiscale 2024 fino ad oggi. La distribuzione di luglio del fondo ammonta a $0,0615 per azione, di cui il 67% proviene da reddito netto da investimenti e il 33% è ritorno di capitale. Fino ad oggi, la distribuzione di $0,3690 per azione include il 63% di reddito netto da investimenti, il 5% di guadagni in conto capitale realizzati a breve termine e il 32% di ritorno di capitale.
Il rendimento totale annuo medio del fondo negli ultimi 5 anni è del 2,62%, con un attuale tasso di distribuzione annualizzato del 10,45%. Il Consiglio ha autorizzato un piano di distribuzione gestito a un tasso fisso di $0,0615 per azione mensile, con l'obiettivo di ridurre lo sconto tra il prezzo di mercato e il NAV. Tuttavia, il fondo stima di aver distribuito più del suo reddito e dei guadagni in conto capitale realizzati netti, con conseguente ritorno di capitale su una parte della distribuzione.
Franklin Duration Income Trust (NYSE American: FTF) ha anunciado sus fuentes de distribución para el 31 de julio de 2024 y para el año fiscal 2024 hasta la fecha. La distribución de julio del fondo es de $0.0615 por acción, de los cuales el 67% proviene de ingresos netos por inversiones y el 33% es un retorno de capital. Hasta la fecha, la distribución de $0.3690 por acción incluye el 63% de ingresos netos por inversiones, el 5% de ganancias de capital a corto plazo realizadas y el 32% de retorno de capital.
El rendimiento total anual medio del fondo en los últimos 5 años es del 2.62%, con una tasa de distribución anualizada actual del 10.45%. La Junta ha autorizado un plan de distribución gestionada a una tasa fija de $0.0615 por acción mensual, con el objetivo de reducir el descuento entre el precio de mercado y el NAV. Sin embargo, el fondo estima que ha distribuido más de sus ingresos y ganancias de capital realizadas netas, lo que resulta en que una parte sea un retorno de capital.
프랭클린 듀레이션 인컴 트러스트 (NYSE American: FTF)는 2024년 7월 31일 및 2024 회계연도의 배당 소스를 발표했습니다. 7월의 배당금은 주당 $0.0615로, 이 중 67%는 순 투자 수익에서, 33%는 자본 반환에서 발생합니다. 회계연도 현재, 주당 $0.3690의 배당금은 63% 순 투자 수익, 5% 단기 자본 이득 실현, 32% 자본 반환을 포함합니다.
펀드의 최근 5년 평균 연간 총 수익률은 2.62%이며, 현재 연환산 배당률은 10.45%입니다. 이사회는 주당 $0.0615의 고정 비율로 월별 분배 계획을 승인하였으며, 이는 시장 가격과 NAV 간의 할인을 좁히기 위한 것입니다. 그러나 펀드는 수익 및 순 실현 자본 이익보다 더 많은 배당금을 분배한 것으로 추정되며, 이로 인해 일부는 자본 반환이 됩니다.
Franklin Duration Income Trust (NYSE American: FTF) a annoncé ses sources de distribution pour le 31 juillet 2024 et pour l'année fiscale 2024 à ce jour. La distribution du fonds pour juillet est de 0,0615 $ par action, dont 67 % proviennent des revenus nets d'investissement et 33 % constituent un retour de capital. Pour l'année fiscale en cours, la distribution de 0,3690 $ par action comprend 63 % de revenus nets d'investissement, 5 % de gains en capital réalisés à court terme, et 32 % de retour de capital.
Le rendement total annuel moyen du fonds sur 5 ans est de 2,62 %, avec un taux de distribution annualisé actuel de 10,45 %. Le conseil d'administration a autorisé un plan de distribution géré à un taux fixe de 0,0615 $ par action par mois, visant à réduire l'écart entre le prix de marché et la valeur nette d'inventaire (NAV). Cependant, le fonds estime avoir distribué plus que ses revenus et gains en capital réalisés nets, ce qui fait qu'une partie correspond à un retour de capital.
Franklin Duration Income Trust (NYSE American: FTF) hat seine Verteilungsquellen für den 31. Juli 2024 und das bis heute laufende Geschäftsjahr 2024 bekannt gegeben. Die Verteilung im Juli beträgt 0,0615 USD pro Aktie, wobei 67 % aus Nettoanlageerträgen und 33 % aus Rückzahlung von Kapital stammen. Für das laufende Geschäftsjahr beträgt die Verteilung von 0,3690 USD pro Aktie 63 % Nettoanlageerträge, 5 % realisierte kurzfristige Kapitalgewinne und 32 % Rückzahlung von Kapital.
Die durchschnittliche jährliche Gesamtrendite des Fonds über 5 Jahre beträgt 2,62 %, bei einem derzeitigen annualisierten Ausschüttungssatz von 10,45 %. Der Vorstand hat einen verwalteten Ausschüttungsplan mit einem festen Satz von 0,0615 USD pro Aktie und Monat genehmigt, um den Discount zwischen dem Marktpreis und dem NAV zu verringern. Der Fonds schätzt jedoch, dass er mehr verteilt hat, als er an Einkommen und realisierten Kapitalgewinnen erzielt hat, was zur Folge hat, dass ein Teil als Rückzahlung von Kapital angesehen wird.
- High annualized distribution rate of 10.45% as a percentage of NAV
- Managed distribution plan aims to narrow discount between market price and NAV
- Positive cumulative total return of 3.70% for the fiscal period through June 30, 2024
- Low 5-year average annual total return of 2.62%
- 33% of July distribution and 32% of year-to-date distribution classified as return of capital
- Fund has distributed more than its income and net realized capital gains
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 July 31, 2024 and for the fiscal year 2024 year-to-date are as follows:
Estimated Allocations for July Monthly Distribution as of June 30, 2024:
Distribution Per Share |
Net Investment Income |
Net Realized Short-Term Capital Gains |
Net Realized Long-Term Capital Gains |
Return of Capital |
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Cumulative Estimated Allocations fiscal year-to-date as of June 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 Capital |
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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 6/30/2024)1 |
Annualized Distribution Rate (as a percentage of NAV for the current fiscal period through 6/30/2024)2 |
Cumulative Total Return (in relation to the change in NAV for the fiscal period through 6/30/2024)3 |
Cumulative Fiscal Year-To-Date Distribution Rate (as a percentage of NAV as of 6/30/2024)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 June 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 June 30, 2024.
- Cumulative Total Return is the percentage change in the Fund’s NAV from December 31, 2023 through June 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 June 30, 2024), as a percentage of the Fund’s NAV as of June 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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Franklin Templeton, 1-800-342-5236
Source: Franklin Templeton
FAQ
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